PE-VC Fund Investments
Sports infra player Michezo raises $2.5 M led by Centre Court Capital
Bengaluru-based sports infrastructure startup Michezo Sports has raised USD 2.5 million in its pre-Series A round led by Centre Court Capital, with participation from Rainmatter.Founded in 2019 by Maharishi Sridhar, Alok Agarwal and Deepak Natraj, Michezo provides turnkey sports infrastructure for a variety of sporting facilities, including designing and constructing playing surfaces. The company claims to have completed 350 projects, such as athletic tracks, football and hockey turfs, and courts for badminton and squash.The new funds will be used to foray into new segments, including swimming pools and civil sporting infrastructure, and to boost its distribution platform for sports equipment and materials. The startup is also looking at public-private partnerships to help state governments create accessible and high-quality facilities.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
