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Stupa Sports Analytics raises Rs 28 crore from Centre Court Capital, Peer Capital

2 weeks ago 38

Sports-tech firm Stupa Sports Analytics on Wednesday said it has raised Rs 28 crore in a funding round led by Centre Court Capital and Peer Capital.

The funding happened at a post-money valuation of Rs 98 crore. The firm has raised Rs 7.5 crore so far in three separate rounds.

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Founded in 2020, the firm provides games federations and sports teams with analytics of player performance data, broadcasting capabilities and sports digitisation tools through its various platforms. It currently focuses on racquet sports, and sees all of its business come from European countries like 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 will employ the newly raised funds to expand in India and the US, said chief executive Megha Gambhir. The funds will also be used to expand its tech and product team, and hire marketing and sales staff in the EU. Stupa currently has 60 employees based in Delhi, mostly comprising 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.

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Stupa currently works with 15 enterprises and federations, which it expects to increase to over 50 by the end of this year as it expands into the US and India. It is also looking to turn profitable on an Ebitda (earnings before interest, tax, depreciation and amortisation) basis by the first quarter of FY26, Gambhir said.

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