Sportstech startup StepOut raises $500k in seed round

StepOut, an Indian sports performance analysis and ecosystem technology startup, has raised $500,000 in its seed round led by Rainmatter, founded by Nithin Kamath, CEO of Zerodha. 

The round also saw participation from IndigoEdge, Marwah Sports Group and Misfits Capital. 

Founded by Jeet Karmakar and Sayak Ghosh, StepOut’s platform automates the tedious manual data collection process traditionally handled by coaches and analysts with a remote AI-powered SaaS setup requiring only uploading a video, saving 80% of time and effort. 

The platform assists in identifying players and tracks every event on the field to ensure 99% data accuracy. 

StepOut currently works with the likes of AFC Ajax from the Eredivisie and Rayo Vallecano from La Liga.

The brand claims to have become the first Asian tech company to win the prestigious Reimagine Football competition, hosted by UEFA, AFC Ajax, The FA, KNVB, and City Football Group.