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Sunday, June 16, 2024

Sports tech startup Hudle raises $1M to bolster business, fuel growth

Hudle has secured $1 million in a round of funding led by Inflection Point Ventures. The sports tech startup will use the money to fuel growth, and bolster its business, among other things.

Hudle, a sports technology business, has secured $1 million in a fundraising round headed by Inflection Point Ventures. Existing investors Survam Partners and Indian Angel Network also participated in the investment round, according to a statement released on Wednesday.

The funds obtained will be utilized to drive expansion in existing and new geographies, enhance the business and technology teams, marketing, and new product additions.

Hudle, which debuted in 2018, is a smartphone app that allows sports aficionados to discover and schedule sporting events.

According to Founder and CEO of Inflection Point Ventures (IPV), Vinay Bansal, Hudle bridges the gap by allowing users to explore and book numerous sports venues, events, and pursue their favorite sport as a pastime or fitness activity. Vinay said his company believes in assisting purpose-driven businesses who are devoted to building a sustainable business and filling a market niche.

Suhail Narain, Founder and CEO of Hudle, stated, “We passionately believe in scaling up via cooperation and bringing together all stakeholders, and are happy to welcome IPV on board.”


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