Michezo Sports is a sports infrastructure startup headquartered in Bengaluru and has managed to close its pre-Series A round, raising $2.5 million in total. This is a major capital influx that will speed up the mandate of the company to improve and grow the sporting ecosystem in India, which will have a direct impact on the ambitions and culture of sports in the country. The successful financing round reflects the high confidence of investors in the business prospects of high-quality and accessible sports facilities in India.

Mission and leadership

The mission of Michezo Sports is about the growth and development of the sports culture in India. The vision of this company goes beyond its construction, which focuses on making access to high-quality sports facilities universal.

This strategic funding will enable Michezo to build a significant legacy in the future of sport in the country by increasing its presence and growing its capacity to deliver on the promise. The final objective is to develop future talent through offering world-class infrastructure and to establish a truly sustainable network of sports infrastructure in the country. This vision brings the financial growth of the company in touch with a real positive social contribution in the area of Indian sports.

Centre Court Capital was also one of the first investment firms to take charge of the funding round as an indication of investing in the sports industry. In addition to this leadership, Rainmatter, the investment arm of the well-known financial services provider, Zerodha, also participated in the round.

This is the joint venture between established and knowledgeable investors that gives Michezo Sports the financial support and strategic advice needed to grow its operations. The collaboration is supposed to help the startup gain a bigger market base and also play a significant role in developing future sports talent in the country.

Expansion and development of new capital

Michezo Sports was established in 2019. Michezo Sports is a business that works on a turnkey basis by providing sports facilities. The model of the company would encompass the whole life cycle of a sports venue, such as design, construction, and maintenance. This is an end-to-end solution, whereby the client can trust one organization to provide their services and infrastructure, where there is consistency and quality in the infrastructure provided by the company, from start to finish.

Michezo Sports has developed a three-pronged plan for the deployment of the recently raised $2.5 million. The main focus of this capital is to scale up the capabilities of the company and increase its total presence in India.

Some of the capital will be allocated to the expansion of new market segments. The firm intends to expand its current line of business to cover building and repairing of specialized construction, like swimming pools and wider civil sporting infrastructures. The diversification will enable Michezo to cater to more infrastructural needs of the nation.

The capital will be used to enhance the distribution platform in the company. This is a site focused on the provision of quality sports materials and equipment to ensure that the facilities they construct are complemented with the best resources. Michezo will be keen on pursuing public-private partnerships (PPP). This initiative aims to work directly with state governments to enable the creation of easily accessible, high-quality sporting amenities in the entire nation to promote the overall sporting goals of India.

Michezo boasts of having already made a significant track record, having already managed to complete more than 350 projects since its establishment. They have a wide variety of facilities in their portfolio, and they include athletic tracks, football and hockey turfs, badminton courts, and squash courts, among others.

There is a central focus on compliance with international standards in the company. Its projects are designed to suit the standards of the key international sports organizations like the Fédération Internationale de Football Association (FIFA) and the International Hockey Federation (FIH). This service to high-value and a wide variety of clients covers schools, universities, clubs, and real estate developers, making this commitment to global quality standards.

Conclusion

The successful pre-Series A round of Michezo Sports, which raised $2.5 million by Centre Court Capital and Rainmatter, gives the much-needed impetus in the next phase of growth of the company. The capital will be critically utilized in diversifying into new segments such as swimming pools and civil infrastructure, enhancing equipment sales, and the utilization of public-private partnerships. The Bengaluru-based start-up is well placed to expand its operations in India, with more than 350 projects being done and a commitment to international standards (including FIFA and FIFA) projects.