The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Sports, Proptech, E-mobility, Energy-tech, Food, Fintech, and Healthtech another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Seed, Series A, Series B, and Series F round.

Startup: KIBI Sports

KIBI Sports was founded by Sagar Rai with the goal of empowering athletes and streamlining the sports ecosystem. This platform does away with the difficulties associated with a lack of funding and professional opportunities.

Established Year: 2022

Sector: Sports

Funding Round: Pre-Seed round

Funding News: Sports Startups 'KIBI Sports' secures $100K in Pre-Seed Funding

Investors: Saurabh Aggarwal, Arpit Bhardwaj, Vartika Joshi, Suryansh Jain, Pranjal Bansal, Amit Kumar Sahu, Pratibha Rani, and Sushila.

The above mentioned invetsors contributed $100,000 to the pre-seed funding round of sports startup KIBI Sports. Lakshmana Padmanabhan and others had previously contributed $129K to the Bengaluru-based company. According to a press release from KIBI Sports, the additional funding will be used to grow the company's operations, improve technology, and scale its platform to reach a larger audience.

By creating a comprehensive platform, the platform aims to increase the visibility of underrepresented sports and benefits stakeholders in the sports ecosystem, especially those in Tier-2 and Tier-3 cities.