Machaxi is an e-sports startup that secured $580,000 in its pre-series A funding round from Inflection Point Ventures. This funding round had participation from new and existing investors, including angel investors. This e-sports startup previously secured $160,000 in a seed funding round led by angel investors. The company plans to use these fresh proceeds to develop its brand presence, build technology for user analytics and sports shopping, and expand its physical retail sports shop. Here we are talking about E-sports startup Machaxi secured $580,000 in its pre-series A funding round led by IPV.
This company aims to provide sports coaching classes for children while offering a platform that provides facilities, including online shopping for sports equipment and services to enable adults to play sports in their neighborhood. The application offers a wide range of sports including swimming, football, table tennis, cricket, baseball, and basketball. The startup claims to have maintained its positive EBITDA since its formation. The firm reported that its gross revenue rate stood out at Rs 18 crore. The application claims to have served more than 50,000 users a month.
Machaxi is an early-stage sports startup that offers a variety of sports and fitness solutions to adults and children in India. The firm claims to have unique sports and fitness solutions to help people stay healthy and learn new sports. The Machaxi app allows its customers to purchase coaching or playing memberships, which can be used in multiple sports centers offered by the startup across Bengaluru. The startup follows an omnichannel approach and offers its services via websites and physical stores.
The sports startup plans to increase its investments in the sports industry and aims to secure more deals by the end of this year while expanding its network. The sports market is growing and is valued at around 5 billion USD. The startup competes with other sports startups, including Flow Sports, Cult, Sportshood et al., Push Sports, and Khelomore.
Conclusion
Machaxi is an early-stage e-sports startup offering a wide range of sports-based fitness solutions. The startup secured $580,000 in its pre-series A funding round led by Inflection Point Ventures. This company previously secured $160,000 in a seed funding round led by angel investors. The firm plans to use these fresh proceeds to develop its brand presence, build technology for user analytics and sports shopping, and expand its physical retail sports shop. The startup offers a platform providing mentorship and coaching classes for kids and adults.
The application also offers other facilities, including online shopping for sports equipment. The Company offers various sports, including swimming, football, table tennis, justice, baseball, and basketball. The startup claims to have maintained its positive since its inception. Machaxi reported that its gross profit rate stood out at Rs 18 crore. Machaxi is an early-stage sports startup that offers sports and fitness solutions to adults and children in India. The firm claims to offer unique sports-based solutions to help people stay healthy and learn new sports skills while having fun.
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