The fund is aligned to raise Stupa’s ambitious expansion plans and enhance its technological capabilities to drive innovation in the global sports industry
Stupa Sports Analytics secured Rs 280 million in a Pre-Series A funding round led by Centre Court Capital and PeerCapital.
The funds will be used for talent acquisition, global expansion into markets like the US, UK, Australia, and the Middle East, and enhancing product offerings to include sports like pickleball and padel.
Founded in 2020 by Megha Gambhir and Deepak Malik, Stupa offers AI-driven sports analytics, player performance data, broadcasting capabilities, and sports digitisation tools to over 15 global federations.
Stupa plans to initiate another fundraising round in 2025 to implement data and media rights monetisation strategies and expand its B2B2C segment.
Bengaluru, NFAPost: Stupa Sports Analytics, a leading sports technology company, has recently secured Rs 280 million in a Pre-Series A funding round led by Centre Court Capital and PeerCapital. The company intends to utilise this capital to fuel its talent acquisition, global expansion, and product enhancement initiatives.
Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitisation 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, which 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 keep its tech capabilities at the forefront of the evolving sports industry.
Within 4 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.
Stupa Sports Analytics Cofounder and CEO Megha Gambhir said the company envisions a future where cutting-edge sports technology emplowers 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.”
Megha Gambhir, the Co-founder and CEO of Stupa Sports Analytics
Stupa Sports Analytics Cofounder and CEO Megha Gambhir said with the company’s innovative solutions already being leveraged by over 15 international federations, the company is 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,” added Stupa Sports Analytics Cofounder and CEO Megha Gambhir.
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 monetisation strategies, build a B2B2C segment catering to players, coaches, and fans, and further broaden its portfolio of sports disciplines.
Centre Court Capital General Partner Mustafa Ghouse said having closely monitored Megha and Deepak’s journey over the past two years, Centre Court Capital is 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.”
Mustafa Ghouse, General Partner at Centre Court Capital
Commenting on the investment, PeerCapital Managing Partner Ankur Pahwa 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.”
Ankur Pahwa, Managing Partner at PeerCapital
About Stupa Sports Analytics
Stupa Sports Analytics is a leading sports technology company providing a comprehensive suite of solutions for advanced analytics (including player performance data), broadcasting capabilities, and sports digitisation tools for players, sports organisations and federations, broadcasters, and fan communities worldwide. With its cutting-edge products currently being utilised by over 15 global federations, Stupa is making a mark on the world stage by taking local products to the global market. Stupa was founded in 2020 by Megha Gambhir (Co-founder & CEO) and Deepak Malik (Co-founder & COO and former National Table Tennis Coach of Indian team).
About Centre Court Capital
Centre Court Capital is a venture capital fund backing founders that expand the boundaries of sports and gaming. With India emerging as a serious contender in the sports and gaming industry, the team brings deep operational and investing experience and works closely with founders in these sectors.
About PeerCapital
PeerCapital, is an early-stage technology focussed Venture Capital firm managing a ₹600 Cr (target) fund led by 3 peers – Ankur Pahwa, Karthik Prabhakar and Rohit MA who come with immense complementary experience across entrepreneurship, growth and risk advisory management, fund ops, investments, deployment and returns management. The team, with five decades worth of collective experience in the startup ecosystem, is on a mission to work alongside founders in their zero-to-one journey, bringing with them a host of networks and resources to facilitate the process. The fund looks to invest specifically in Seed to Series A stages across tech sectors – consumer-tech, fin-tech, health-tech and SaaS, investing up to ₹15Cr in the initial cheque.