We're Getting More People to Play Sports, More Often
We're Getting More People to Play Sports, More Often
The recreational sports market is primed for growth, with an estimated potential of $3.5 billion. Despite interest in sports, many miss out due to barriers in participation. This initiative aims to simplify the process, making it easier for users to connect with venues and others, ensuring a more engaged sports community through an innovative platform that addresses varied user needs.
We're Getting More People to Play Sports, More Often
@maithri5 days ago
goSporto
We're getting more people to play sports, more often
www.gosporto.com
- - Where do I play, how can I book it easily?
- - What do I play, anything that matches my skill/time constraints?
- - How do I stay motivated to keep playing?
- - Any way I can share my achievements & track my improvement?
- - How do I find people easily to play with?
- - Will they be of a similar skill level?
- â Users can discover, join & create games
- â Users can discover other users and invite or challenge them
- â The venues for these activities can be booked directly through the web-app
- â Users update results themselves
- â Activity organizers capture scores, media & upload them
- â Data capture via wearable devices
- 1. Transaction or subscription revenue
- 2. AMC or margin for platform / SaaS
- 3. Premium data services
- 4. Margin on sales through platform
- 5. Sponsorship/ad revenue
- â Target approx. 350 sports venues in one metro city, at 50% utilization
- â Total revenue potential of INR 6 crore from a Tier 1 city
- â Potential to reach 40 crore ARR in 3 years
- â Institutional sales to townships, corporates, educational institutes and tournament organizers for using SaaS / White labeled products for venue / league management â Users added via multiple channels; at 1 lakh users drive affiliate sales for sports products â Potential to reach 10 crore ARR in 3 years
- â Sports advertising market in India is ~ INR 5,000 crore and USD 1 trillion worldwide
- â At 1 million users, sports brands & franchises find value in engaged, qualified network to reach out to their customers
- Premium features for users, similar to running/cycling apps will also generate revenue
- A. Number of venues estimated from Just Dial, Google Maps & other listing data. Inventory value based on data from actual sports venues as experienced at SportsWave
- B. Data based on total households above middle class in the top 10 cities. Interest in sports ratio (22%) based on analysis of 7 lakh resume database from Monster.com
- C. Same analysis source as 2, with ratio being 2% for organized sports
- D. Figure of 15,000 per user from past experience at SportsWave
- E. http://forbesindia.com/blog/business-strategy/decathalon-sets-off-with-100-fdi-in-sports-retail/
- F. https://www.pwc.in/en_IN/in/assets/pdfs/publications-2011/wellness-report-15-sept.pdf
- G. Sports Surveys: Singapore | Hong Kong | Canada | China | South Africa | Australia| England | India (page 28)
Recreational sports market is ready to take off
More people will play sports owing to positive trends driving participation

RELATED MARKETS
$ 4 bn. E
Sports equipment & merchandise market in India, growing 17% CAGR
$ 15 bn. F
Fitness & wellness market in India, growing at 30% CAGR
Playing sports should be really easy
Strong latent need for sports, but bottlenecks prevent high participation

A lot of people who want to play sports miss out.
We aim to fix that by making it really simple & enjoyable for anyone to play sports.
Multiple barriers stop people from playing regularly
Tough to find places, people & options that suit time & skill constraints
FULFILLMENT



ENGAGEMENT
Discover & book venues & activities easily
providers to configure pricing & availability A supply side platform that allows service providers to configure pricing & availability
A supply side platform that allows service
Connect with players & teams



SHREYAS VEDI
ECO SPORT EDGE LIncoln
09 2.4 Kms

Stay engaged, keep playing regularly

Users can views scores & stats and track & share their achievements
The platform captures activity data via multiple sources:
goSporto draws from our SportsWave experience
We inherit deep understanding of the market; sizable, loyal user base
SportsWave: Key numbers & insights (2011-15)
INR 10 mn.
Annual revenue in FY 2014-15
42%
Repeat users (played 3 or more times)
INR 2.5 mn.
Avg. annual revenue from a sports venue
40,000+
Users; around INR 100 user acquisition cost
INR 15,000
Customer life time value (CLTV)
150
Monthly active users at a venue to reach that revenue mark
COMPETITIVE LANDSCAPE

We generate revenue across the ecosystem

Multiple revenue streams unlocked stage wise
SHORT TERM: Marketplace model, 10% transaction cut from service providers
MEDIUM TERM: White label & SaaS products; affiliate sales once we reach a critical mass of users
LONG TERM: Biggest community of sports enthusiasts; drive sports commerce & premium subscription
â
The early traction at goSporto is encouraging
In 6 months - 41 venues on board; monthly transaction volume of 6 lakhs

41 venues
in Delhi NCR across 12 diverse sports including golf & shooting
7,000 users
including a repeat ratio of 60%
6 lakhs
Monthly transaction volume
9 crore ( 1.5 mn) $
current on-boarded slots monthly inventory value
Phase wise plan across segments & regions
Target clients &
Target service

We aim to scale up rapidly; build global product

Companies with allied & adjacent focus areas
SOCIAL SPORTS & ACTIVITY MANAGEMENT
SOCIAL ENGAGEMENT (RUNNING & FITNESS)

mitoo.co

$ 2.7 mn funding from 500 startups & FB executives
$ 0.5 mn seed funding from Wamda capital
playpass.com
DATA & CONTENT MANAGEMENT



$ 10 mn funding from Tembusu Partners (SGP)
Acquired by Fox Sports Australia
foxsportspulse.com

runtastic.com

Acquired by Adidas for $ 240 mn
Total $ 34.6 mn raised, Series D by Sequoia Capital
strava.com
OFFLINE - SPORTS MEETS RECREATION

smaaash.in
Sports + Entertainment hubs in India. Funded by Star India and Sachin RT.
Total 7 astro-turfs for indoor football & cricket in Mumbai
We plan to use the funds to get every sports enthusiast across the world on goSporto
Reach out to more users
Hire across product, technology, design
40%
allocation
Run campaigns, organize offline events, drive institutional sales, sales & marketing hiring
40%
allocation


Set up operations across cities
Strengthen supply side on the platform; oversee activities & deliver content
20%
allocation
Right mix to take amateur sports to the next level
Passionate about sports & technology - combined experience 20 + years in startups

INVESTORS & MENTORS

Former Global Head of FX & Rates at Standard Chartered
ARVIND IYENGAR
CEO Sportz Interactive | ex KKR , Henry Ford scholar at Stanford GSB (2011); IIT Bombay
SOURCES
Get in touch
Nikhil Jha | nikhil@gosporto.com Vivek Kumar | vivek@gosporto.com Sumit Pokhriyal | sumit@gosporto.com



















Related Jaunts

De-risking tech startups for pre-seed investors through SkilledUp Life Volunteers
@skilleduplife

De-risking tech startups for pre-seed investors through skilled volunteers
@maithri
More from author

Determining VC Fund Portfolio and Investment Size, Reserves and Follow-on Investing
@maithri

De-risking tech startups for pre-seed investors through skilled volunteers
@maithri
