Mumbai: Sports technology company Stupa Sports Analytics recently secured Rs. 280 million in a Pre-Series A funding round led by Centre Court Capital and PeerCapital. The company said that it intends to utilise this capital to fuel its talent acquisition, global expansion, and product enhancement initiatives.
Stupa Sports Analytics offers AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide.
The latest fund pool will be deployed to attract top AI/ML and engineering talent to build advanced solutions that stay ahead of the curve in the rapidly growing sports-tech industry. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while deepening its existing presence in regions like Europe and Asia. With the freshly infused capital, Stupa plans to enhance its product offerings to cater to the expanded sports disciplines portfolio, that includes table tennis, badminton, and upcoming sports like pickleball and padel along with other multi-sport capabilities. This strategic diversification of Stupa’s tech offerings will help in ensuring wider market visibility and keeping its tech capabilities at the forefront of the evolving sports industry.
Within four years of inception, Stupa has established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe, offering them innovative solutions to bridge the gap between traditional sports management and modern technological advancements.
Sharing insights on her journey so far and future plans, Megha Gambhir, the co-founder, CEO Stupa Sports Analytics said, “At Stupa, we envision a future where cutting-edge sports technology empowers athletes, federations, and fans alike with data-driven insights and digitally augmented experiences. I am grateful for the enthusiastic support and confidence shown by Centre Court Capital and PeerCapital. Their backing propels us closer towards our vision of transforming sports through innovative technology.
“With our innovative solutions already being leveraged by over 15 international federations, we are proud flag-bearers of ‘Make in India’ sports tech taking center stage globally. Our ambition is to elevate the sporting journey for every Indian athlete and amateur player, fueling their passion and enabling them to realize their true potential in the global space”.
Before this Pre-Series A round, Stupa had raised Rs. 75 million in seed and pre-seed funding. The company plans to initiate another fundraising round in 2025 to implement data and media rights monetization strategies, build a B2B2C segment catering to players, coaches, and fans, and further broaden its portfolio of sports disciplines.
Mustafa Ghouse, general partner Centre Court Capital said, “Having closely monitored Megha and Deepak’s journey over the past two years, we are highly impressed by their unwavering dedication to redefining the future of racquet sports. We’re excited to collaborate on their next phase of growth as they look to integrate their AI-driven analytics engine with cutting-edge sports technology on a global scale.”
Ankur Pahwa, managing partner PeerCapital said, “PeerCapital is proud to celebrate and support Deepak and Megha’s resilience and innovative foresight towards building a one-of-its-kind AI-powered global sports analytics platform. They are championing the ethos of, “From India, for the world.” We cannot think of any better two people suited to create a paradigm shift in sports technology. We’re pumped to embark on this journey with Stupa as they fuel the new age sports enthusiasm shown by athletes and fans across the world.”
