Hyderabad-based sports-tech startup Gamepoint has raised ₹7 crore in a pre-Series A funding round co-led by Raj P. Narayanam, founder of Zaggle, and Aditya Vuchi, with participation from Praveen Raju and other investors.
The fresh capital will be used to expand Gamepoint’s multi-sport centre network and strengthen its technology and operational capabilities, the company said in a statement.
Founded by brothers Aditya Reddy (CEO) and Siddharth Reddy (MD), Gamepoint operates professionally managed multi-sport centres aimed at providing convenient access to learning and playing sports for people across age groups.
The startup offers structured coaching programmes for children, pay-and-play and membership options for adults, and end-to-end sports event management solutions for corporates, delivered in a safe and hygienic environment.
Operated by Netplay Sports Pvt Ltd, Gamepoint follows a “neighbourhood sports centre” model through a mix of owned and franchised facilities.
Its centres feature international-standard infrastructure for sports such as badminton, basketball, pickleball, squash, football, cricket, table tennis, and swimming, along with on-site sports retail stores.
Gamepoint currently runs centres in Hyderabad and Warangal, with facilities located in HITEC City, Uppal, Banjara Hills, and Tellapur. As of late 2023, the company reported revenues of approximately ₹10 crore.
Looking ahead, Gamepoint plans to expand to over 300 centres across metro, Tier I, and Tier II cities within the next five years, with the goal of enabling 1 crore people across India to participate in sports. So far, the company says it has trained more than 12,000 students, enabled over 3 lakh individuals to play sports, and organised upwards of 700 sports events.