Sports Tech Startup Machaxi Secured Rs.4.8 Crore in a Pre-Series A Round

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Machaxi, a tech-enabled sports firm, raised Rs 4.8 crore ($580,000) in a pre-Series A round led by Inflection Point Ventures. In 2022, the Bengaluru-based startup raised $160,000 in a seed round from well-known angel investors. Machaxi stated that the cash will be utilized to create technology for user analytics and sports shopping, as well as to extend the sports shop vertical and build the brand.

Machaxi, co-founded in 2019 by Pratish Raj, Tushar Raj, and Ashish Anand, provides sports coaching for children as well as opportunities for adults to participate in sports in local communities. It also provides an app where users can shop for sports equipment.

Machaxi reports a gross revenue run rate of Rs 18 crore and an EBITDA-positive position since start. It also claims to have 50,000 users every month. The company’s facilities provide a number of sports, including badminton, swimming, table tennis, football, and cricket.

India’s sports market is worth about $5 billion. Machaxi could compete directly or indirectly with other startups such as Cult, Flow Sports, Khelomore, Push Sports, and Sporthood.

Septathlon Services Private Limited (MACHAXI) is a sports technology startup situated in Bangalore. Users can acquire Playing and Coaching memberships through the Machaxi app and use them to play at our partner Centres or receive coaching lessons from our Coaching partners. Machaxi collects all membership fees, deducts the Machaxi fee, and distributes the remainder to Sports Infrastructure owners and Coaching partners. Machaxi users may be confident that they will have access to the majority of sanitary facilities, a systematic approach to learning, a guaranteed playing partner, and access to a variety of sports and centres throughout Bangalore.

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