SUMMARY
- Spolto has raised $1 million in its seed funding round led by Andrew Johnston and other investors.
- The funds will be used for the expansion of its services and the penetration into more urban communities.
- The company is set to strengthen its digital footprint to cater to the evolving needs of the contemporary Indian consumer.
Sportstech startup Spolto has raised approximately $1 million or Rs 8.4 crore in its seed funding round led by Andrew Johnston and other investors.
The funds will be used for the expansion of its services and the penetration into more urban communities, as announced by Spolto in a press release.
Established in 2021 by Safa Soltani and Divesh Nathani, Spolto is dedicated to revolutionizing sports across urban India. The platform provides comprehensive access to a diverse range of sports, including tennis, swimming, badminton, and gymnastics, and introduces innovative games such as pickleball. Spolto’s mission is to promote grassroots sports development and recreational skill enhancement, integrating sports into the daily lives of urban dwellers.
The company is set to strengthen its digital footprint, catering to the evolving needs of the contemporary Indian consumer. With an emphasis on accessibility and convenience, the Pune-based company aims to emerge as the premier platform for sports skill development in India’s urban areas.
Spolto asserts that since its inception, it has forged partnerships with over 1,200 coaches and academies across 12 sports in Maharashtra, highlighting its commitment to the growth and development of sports in the region.
