New Delhi-based sports tech startup MyySports has raised $2 million in funding from Mathew Cyriac, founder of Florintree Advisors, an alternate asset management company. Mathew, who is also a board member of MyySports, joined as the co-founder of the startup.
Founded in 2021 by Saurav Banerjee—a former venture partner at Kalaari Capital, MyySports provides simple creator tools to create, socialise, and monetise their content.
Speaking on the development, Saurav Banerjee, said, “I am extremely happy to have Mathew as a Co-Founder. He is a prolific investor with an unbeatable track record and has over five investments in the Sports sector. MyySports will gain immensely from his vast experience. A warm welcome on behalf of the entire MyySports team.”
“India is at the cusp of a digital revolution with 1 billion smartphones in the hands of the people. MyySports enables capturing and socialising the sporting journey of every sports enthusiast. With its unique offering, MyySports is all set to capture the large sports community on its digital platform. I am pleased to partner with Saurav on this exciting journey,” said Mathew Cyriac.
Cyriac is also the founder and executive chairman of Florintree Advisors. Florintree has made over 30 investments over the past five years. MTAR Technologies and Data Patterns, two of the Florintree portfolio Companies have completed successful IPOs.
Florintree also has fully exited three of its investments – Cashe, Pharmeasy and Wealthdesk (sale to PhonePe). Cyriac currently has several investments in the sports sector -Procam International (Marathons and participative sports) Super Six Sports (Fantasy Sports Gaming under brand Fantasy Akhada) , SFA Sporting Services (Sports Tech) and Plaeup Pvt Ltd ( D2C Sports Footwear for School Children).
Source @Indianstartupnews
