Sportz Interactive Aims for $15-20 Million Revenue in FY24
Monday, 18 March 2024, 12:28 IST
Marathon Edge Partners-backed Sportz Interactive, led by CEO Siddharth Raman, is aiming for a robust 20–25% growth in revenue by the end of the financial year 2023–24, projecting a top line of $15–20 million. Raman expressed the company's ambitious goal of scaling revenue to the $25–$30 million range within the next two to three years, emphasizing their vision to be the preferred partner for global sports bodies in their tech and marketing needs.
Sportz Interactive boasts partnerships with renowned sports organizations worldwide, including F1, UEFA, IOC, NBA, MLB, and UFC. Domestically in India, it collaborates with the BCCI, IPL teams, sports broadcasters, and gaming companies, showcasing its extensive reach across the sports industry.
Raman highlighted that international business accounts for 30-35% of the company's revenue, which is generated through three primary streams: sports data & video tech, interactive solutions, and content management. He noted their unique position in the market, being the only company with a presence in all three verticals.
While Europe currently serves as its primary market, Sportz Interactive has ambitious plans to expand into the US, Middle East, and Australia. To facilitate this expansion, the company has appointed Alex Chamberlen as Director and Head of UK and EU Operations, signaling its intention to establish a presence in London.
In pursuit of both organic and inorganic growth, Sportz Interactive is exploring mergers and acquisitions over the next 12–24 months. Raman expressed a desire to acquire profitable sports companies that complement their existing offerings, further solidifying their position in the market.
Looking ahead, Sportz Interactive envisions becoming a global sports tech powerhouse by 2030, with Raman emphasizing their aspiration to be recognized as a leading player in sports technology originating from India. With their strategic initiatives and ambitious growth targets, Sportz Interactive is poised to make significant strides in the sports tech industry in the coming years.
Sportz Interactive boasts partnerships with renowned sports organizations worldwide, including F1, UEFA, IOC, NBA, MLB, and UFC. Domestically in India, it collaborates with the BCCI, IPL teams, sports broadcasters, and gaming companies, showcasing its extensive reach across the sports industry.
Raman highlighted that international business accounts for 30-35% of the company's revenue, which is generated through three primary streams: sports data & video tech, interactive solutions, and content management. He noted their unique position in the market, being the only company with a presence in all three verticals.
While Europe currently serves as its primary market, Sportz Interactive has ambitious plans to expand into the US, Middle East, and Australia. To facilitate this expansion, the company has appointed Alex Chamberlen as Director and Head of UK and EU Operations, signaling its intention to establish a presence in London.
In pursuit of both organic and inorganic growth, Sportz Interactive is exploring mergers and acquisitions over the next 12–24 months. Raman expressed a desire to acquire profitable sports companies that complement their existing offerings, further solidifying their position in the market.
Looking ahead, Sportz Interactive envisions becoming a global sports tech powerhouse by 2030, with Raman emphasizing their aspiration to be recognized as a leading player in sports technology originating from India. With their strategic initiatives and ambitious growth targets, Sportz Interactive is poised to make significant strides in the sports tech industry in the coming years.
