Sports and fitness tech startup Machaxi has successfully raised INR 4.8 crore in a Pre-Series A funding round led by Inflection Point Ventures, with additional participation from Curefit co-founder Ankit Nagori. The Bengaluru-based startup, founded in 2019 by Pratish Raj, Tushar Raj, and Ashish Anand, aims to use the fresh capital to expand its operations and enhance its technology stack and product offerings.
Machaxi is on a mission to transform India into a sports-playing nation through technology-enabled sports coaching. The platform allows parents to track their children’s progress across various technical parameters of sports, ensuring comprehensive development and engagement.
“Partnering with IPV has been an incredible experience, and their support will play a pivotal role in accelerating Machaxi’s growth,” said Pratish Raj, Co-founder of Machaxi. “This collaboration will enable us to enhance our services, expand our reach, and continue our mission to transform India into a sports-playing nation.”
As of May, Machaxi has reported achieving a gross revenue run rate of INR 18 crore while maintaining a positive EBITDA, showcasing the startup’s robust financial health and growth potential. The company’s focus on integrating technology with sports coaching positions it uniquely in the market, promising a significant impact on the sports and fitness landscape in India.
