Michezo Sports raises VC funding to boost India’s sports infrastructure
Michezo Sports has closed a funding round led by Centre Court Capital with participation from Rainmatter. The investment marks the formal entry of venture capital into India’s largely unorganised sports infrastructure industry.
Hyderabad: Michezo Sports, an early leader in India’s sports infrastructure sector, has announced the closing of an investment round by Centre Court Capital, a VC fund focused on Sports and Gaming, as its lead investor.
The funding round also saw participation from Rainmatter, Zerodha’s investment arm. The investment marks the formal entry of venture capital into India’s largely unorganised sports infrastructure sector, signalling growing investor confidence in the country’s aspiration to host international sports events, such as the 2036 Olympics, a press release said.
“Michezo was founded with the long-term vision to bring player-centricity, professionalism, formal organisation, and governance to a sector that has remained on the sidelines of India’s growth story,” said Maharishi Sridhar, Founder, Michezo Sports.
Speaking on the landmark investment, Mustafa Ghouse, founding General Partner, Centre Court Capital, said, “India’s sports infrastructure sector is entering a pivotal growth phase.”
Nithin Kamath, Founder and CEO, Rainmatter, said, “Sports is a way to build a healthier India, and for that, we need more sports infrastructure that is available and accessible to all.”