Games24x7-backed CricHeroes raises Series B1 Funding led by Venture Catalysts
- ByStartupStory | August 14, 2024
Sportstech startup CricHeroes has successfully raised its Series B1 funding round led by Venture Catalysts for an undisclosed amount. The round saw significant participation from existing investor Games24x7, as well as notable backers such as WeFounderCircle, Eagle10 Ventures (via LetsVenture), Ivy Growth, and Pranav Patel of Pnr Projects Private Limited.
The fresh capital infusion will be utilized to scale revenue, launch new initiatives, and further build the brand, according to a press release issued by CricHeroes.
Founded by Abhishek Desai, Kuntal Shah, and Meet Shah, CricHeroes is on a mission to empower grassroots cricketers by providing them with a platform to showcase their talent, gain recognition, and enhance their skills through data-driven insights. The startup has created a robust grassroots cricket community by capturing all transactions between its members, making it easier for cricketers to connect, compete, and grow.
“Our goal has always been to empower millions of grassroots cricketers. With this new round of funding, we are excited to launch new initiatives and expand our reach, helping even more cricketers improve their game and get recognized,” said Abhishek Desai, Co-Founder of CricHeroes.
CricHeroes’ platform allows users to create their own teams, search for players and teams, arrange matches with local teams, find nearby tournaments, analyze their scores, and share their achievements. This comprehensive set of features has made CricHeroes a go-to platform for grassroots cricketers across India.
The startup’s freemium business model has played a crucial role in its rapid expansion, enabling CricHeroes to build a comprehensive ecosystem for grassroots cricket. The platform has gained immense popularity among cricket enthusiasts, making it a key player in the sportstech sector.
With the new funding, CricHeroes is poised to accelerate its growth and further strengthen its position as a leader in the grassroots cricket community. The startup plans to leverage the investment to scale its revenue streams and continue delivering value to its growing user base.
The continued support from investors like Games24x7, WeFounderCircle, and others underscores the confidence in CricHeroes’ vision and its potential to revolutionize grassroots cricket in India.
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