Sports-tech company Stupa Sports Analytics announced it raised Rs 28 crore in funding, led by Centre Court Capital and Peer Capital.
This funding came at a post-money valuation of Rs 98 crore, following Rs 7.5 crore raised in three previous rounds.
Established in 2020, the company offers analytics for player performance data, broadcasting capabilities, and sports digitization tools to games federations and sports teams through various platforms. Its primary focus is on racquet sports, with its clientele primarily based in European countries such as Sweden, Spain, Norway, and Portugal.
“Having closely monitored (Stupa cofounders) 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,” said Mustafa Ghouse, general partner at Centre Court Capital.
Stupa plans to utilize the newly acquired funds to expand its presence in India and the US, as stated by CEO Megha Gambhir. Additionally, the funds will facilitate the growth of its tech and product team and the recruitment of marketing and sales personnel in the EU. Currently, Stupa employs 60 individuals in Delhi, predominantly consisting of tech and product executives.
“When we started operating in 2020, the European federations were the ones who truly understood the value that our data and analytics provided in the long run…but now Indian federations and firms are also recognising the value, so we intend to expand into India in the next year,” Gambhir added. The firm is also looking to expand into sports like badminton, tennis, volleyball, basketball, pickleball and padel.
Currently, Stupa collaborates with 15 enterprises and federations, with plans to expand this number to over 50 by year-end as it ventures into the US and India. CEO Gambhir also stated the company’s aim to achieve profitability on an EBITDA basis by the first quarter of FY26.
