Sportstech startup Hudle raises Rs 7Cr in a pre-Series A round led by IPV, others

Sportstech platform Hudle has raised Rs 7 crore or nearly $840,000 in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm. The round also saw participation from Sky Impact Capital, Survam Partners and Anay Ventures. 

With this round of funding, The startup plans to broaden its footprint, refine its offerings, and ramp up marketing endeavours.

Redefining the preventive healthcare market

Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle seeks to redefine the preventive healthcare market through sports. With a projection that Indians will allocate $98 billion annually to fitness and wellness by 2025, the startup aims to integrate active sports into the lifestyles of 100 million Indians. 

The startup facilitates the discovery of local sports venues, booking activities, and fostering community among sports enthusiasts, effectively bridging the gap between fitness and social interaction. Notably, Ajinkya Rahane is Hudle's brand ambassador.

Witnessing exponential growth 

Hudle claims that it has over 100,000 monthly games across more than 1,300 venues in 60 cities, engaging a vibrant community of over 500,000 players. 

Suhail Narain, Founder and CEO of Hudle, said, “Our business has grown more than 6x over the last 2 years. With time, the confidence in our mission to enable Indians of all ages to play is only growing stronger. It is heartening to be supported by partners like IPV and Sky Impact Capital in this journey.”

What did the investors say about Hudle?

Vinay Bansal, Founder & CEO of Inflection Point Ventures, said, “Hudle distinguishes itself through a deeply integrated omnichannel model, addressing challenges in both B2B and B2C markets. Their constant innovation through unique offerings like the SAAS solution for sports clubs and the Hudle All Access Pass for players is what stands out for us to continue supporting the Hudle team.” 

Aakash Sachdev, Founder & Managing Partner of Sky Impact Capital, said, “We are excited to partner with Hudle and help them transform into the premiere destination for sports enthusiasts. We are impressed with Hudle’s ability to forge strategic alliances with marquee brands & well-situated venues early in its life cycle. With over $98 Billion per annum expected to be spent on fitness & wellness by Indians, there is a huge opportunity for Hudle to build tailored sports tech products & services that solve pain points and provide a seamless offering to players and sports venues.