Aditya Reddy and Siddharth Reddy, founders of Gamepoint.Tech-enabled sports startup Gamepoint has raised ₹7 crore in a Pre-Series A funding round. The round was led by Dr Raj P. Narayanam, founder of Zaggle, and Aditya Vuchi, general partner at VCMint, with participation from Praveen Raju, founder of Suchitra Academy, and other investors.
The fresh capital will be used to expand its multi-sport centre network and strengthen its technology platform and operational capabilities.
“Over the years, we have consistently delivered high-quality sports services to people of all ages across Hyderabad through conveniently located centres. The capital raised will enable us to strengthen our presence in the city while accelerating expansion into other markets,” Aditya Reddy and Siddharth Reddy, founders of Gamepoint, said in a joint statement.
Founded with the objective of making it convenient for people to learn and play sports, Gamepoint operates professionally managed multi-sport centres catering to all age groups.
“Gamepoint has built a strong operating model, earning the trust of customers and partners across its markets. I strongly believe in the positive impact sports can have in strengthening communities, and the team has demonstrated a clear understanding of what it takes to build and grow high quality sport centres in India. We see Gamepoint as well placed to expand its footprint across the country,” said Dr Raj P Narayanam, founder, Zaggle.
Its centres offer structured coaching programmes for children, flexible membership and pay-and-play options for adults, and sports event management solutions for corporates.
Over the next five years, the startup plans to scale to more than 300 centres across metros as well as Tier I and Tier II cities.
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