Athletto a Bangalore based sports tech startup has raised an undisclosed amount of Angel funding from the Industrialist Atul Ingle who is a sports lover himself.
It was founded in 2015 by Ujwal Sutaria, Praveen Gadpayle and Narayana Vyas. It is a fitness and sports platform which allow people to interact and discover fitness and sports facilities information around them.
Narayana Vyas and Ujwal Sutaria are former national level tennis players and with more than 30 years of combined experience in playing multiple sports like football, badminton, cricket, squash etc. According to the reports there is more tan 2.5 lac sports facilities in India across government, private, colleges, schools and residential complex.
Ujwal Sutaria co-founder of Athletto said
“We plan to deploy this capital in ramping up our operations in Bangalore and expanding to couple of other cities. A part of it will also be utilized in hiring talent and improving the technology and customer experience. The best part of sports is the high repeat rates and customer loyalty, we see an avg. repeat rate of 65% giving a high CLV making it a profitable and self-sustainable business.”
The startup has more than 8k verified sports facilities and listed in across 8 cities, partnered with 400+ sports facilities across Bangalore. It claims to have more than 200 transactions a month and have facilitated with 40k+ transactions.
Athletto provides SaaS a cloud based tool for sports and fitness facility owners to manage the facilities. Its services are available on website, iOS and android app which will provide users with information of the facilities including contact details, photographs, location, timings, ratings, pricing, reviews and other.
Mr. Atul Ingle said
“I like the vision of the team, the passion and sector knowledge which they bring along with them. I have known the team from quite some time now and they are very meticulous in their approach and know their customers really well.”