Spolto Funding: Expanding Digital Sports Development in Urban India
Spolto Funding and Digital Sports Growth
Spolto, an Indo-Swedish SportsTech startup established in 2021, has successfully raised $1 million (INR 9 crore) in funding. The latest round secured $160K (Rs 1.35 crore) led by Andrew Johnston, Co-founder and CEO of LetsShare. Johnston highlighted the vast opportunities in India's sports and technology sectors and showed his commitment to supporting Spolto's vision.
Partnerships and Grassroots Development
- Spolto has established partnerships with over 1,200 coaches and academies across various sports.
- Focus areas include tennis, swimming, badminton, and gymnastics.
- With this funding, Spolto aims to scale services and enhance grassroots sports development in India.
Safa Soltani, founder and CEO of Spolto, stated, "We're committed to increasing access to sports in urban India, helping individuals of all ages embrace an active lifestyle." This funding will significantly boost Spolto's digital presence, allowing it to become the go-to platform for sports skill development across urban centers in the country.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.