Funding · Consumer Internet & Media
SportVot raises ₹32.7 Cr for sports streaming
By Startup Enthusiast ·
- Date
- Company
- SportVot
- What it does
- White-label OTT for grassroots sports
- Kind
- Funding
- Amount
- ₹32.7 Cr
- Stage
- venture
- Founded
- 2019
What they do
SportVot provides a white-label OTT (over-the-top, internet-based video) solution for broadcasting grassroots and amateur sports
What happened
It raised ₹32.7 crore in a round led by IAN Alpha Fund, with participation from Anicut Capital, LVX, Capital A, Omidyar Network, and Ankur Capital
Why it matters
The company serves markets like South Africa, Portugal, Israel, and the US, and counts Reliance Foundation Youth Sports as a major customer
The details
- SportVot raised ₹32.7 crore in a funding round led by IAN Alpha Fund.
- Other investors in the round include Anicut Capital, LVX (LetsVenture), Capital A, Omidyar Network, and Ankur Capital.
- The total capital raised in this round is around ₹40 crore.
- SportVot provides a white-label OTT solution for professional-grade broadcasting of grassroots, amateur, and semi-professional sports.
- The company operates in India and global markets including South Africa, Portugal, Israel, and the US.
- Major customers include Reliance Foundation Youth Sports and South Africa-based SuperSport Schools.
- During the pandemic, SportVot streamed bhajans and political rallies before returning to its live sports focus in early 2022.
- The company was selected for the Startupbootcamp Melbourne sports tech accelerator.
The bigger picture
- The Indian sports tech market is projected to surpass $3.5 billion by 2027.
- Major sports media rights like the IPL and FIFA World Cup face uncertainty in India, creating opportunities for alternative sports content.
- SportVot's pivot from pandemic-era streaming back to sports shows its focus on the growing grassroots sports broadcasting segment.
About the business
- SportVot offers a white-label OTT solution that lets organisers broadcast sports under their own brand.
- Service tiers include full service (install camera, configure, stream), smartphone camera option, and automated cameras from hardware vendors.
- Features include remote direction, graphics packages, remote commentary, ad/sponsor cues, and auto highlight clips.
- Pricing follows a rental model with all-inclusive fees for camera/equipment rental, streaming production, and software.
- Customers can pay per game or per competition, with subscriptions for long-term clients.
- Distribution happens via YouTube, the customer's own website, or SportVot's in-house platform.
- For kabaddi, SportVot uses its own platform and earns a revenue share.
- The company partners with camera manufacturers like Israel-based Pixellot to bundle services.
The deal
- Type
- venture funding
Investors
- IAN Alpha Fund (lead)
- Anicut Capital (participated)
- LVX (LetsVenture) (participated)
- Capital A (participated)
- Omidyar Network (participated)
- Ankur Capital (participated)
Founders
- Sidhhant Agarwal, cofounder
- Shubhangi Gupta, cofounder
- Yash Bhagwatkar, cofounder
About SportVot
- Product
- AI-powered production, data, and streaming solutions for live sports events
- Customers
- Sports bodies, leagues, local organisers, and grassroots sports event organizers
- How it makes money
- White-label OTT solutions and SaaS platform for sports broadcasting
- What sets it apart
- AI-driven production automation enabling professional-quality broadcasts from grassroots events
- Operations
- Cloud-based platform serving 30 countries with remote production capabilities
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