TIDA Sports raises seed round led by IPV

Multi-sports training & coaching platform TIDA Sports has raised Rs 3 crore in a seed funding round led by Inflection Point Ventures.

The proceeds will be allocated towards widening its footprint across five states and 30 cities, upgrade its technology, strengthen its B2B operations, bring more coaches on board, and scale up its on-ground marketing efforts, TIDA Sports said in a press release.

Co-founded in 2023 by Adit Goel, Sumeet Malik, Priyansh Matta, and Sanchit Budhiraja, TIDA Sports aims to nurture young talent in the sports industry. Operating in the youth sports training and development sector, it stands out for its structured coaching programs, certified trainers, and a unique focus on balancing sports with academics.

As per a market research, India’s sports industry is expected to grow from its current $52 billion industry to $130 billion by 2030. While the sports tech market is projected to triple by 2030 reaching about $61.7 globally.

According to the Chandigarh-based startup, it works through partnerships with schools and collaborations with local sports body academies, making sports venues, and exhilarating tournaments accessible to all.  It has collaborated with schools such as GD Goenka, DPS, DAV and Aravali to run and enhance their sports programs. As of now it has organised more than 100 tournaments and has helped develop players who have represented their states and the country in elite level championships.

At present, TIDA Sports operates across Uttarakhand, Punjab and Haryana with training centers in Rishikesh, Haridwar, Dehradun, Chandigarh tricity, Patiala, Jalandhar, Ambala, Amritsar, Ludhiana and Ferozepur. With more than 150 academies, the company aspires to enter major cities across India with the larger goal of building a strong and accessible sports development network across the country.

Inflection Point Ventures (IPV) is an angel investing platform with over 24,000 CXOs, HNIs, and Professionals who invest in startups. The firm supports new-age entrepreneurs with monetary and experiential capital and connects them with a diverse group of investors. It has launched a $50 million CAT 2 VC fund, Physis Capital, to invest in pre-Series A to Series B growth-stage start-ups.