Online sports-focused education, training and employability startup Sporjo has raised $2 million in its pre-Series A round led by private investor Punit Balan, chairman Punit Balan Group and Punit Balan Studios with the participation of other private investors.
The funding proceeds will be used in expanding its product offerings, improving product experience, expanding its presence across India and scaling its team, said Sporjo in a press release.
Founded by G Srinivvasan, the startup works with schools and top colleges such as IITs and IIMs across India to build awareness of sports as a career option, hobby, and interest. It claims to have reached out to over 10,000 students.
The one-year-old startup further aims to create an ecosystem of half a million professionals to support the Indian sports industry by 2030.