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Machaxi raises $1.5 Mn from Rainmatter and Prakash Padukone to expand into new cities and enhance its AI-powered coaching platform.

Jun 11, 20256 months ago

Amount Raised

$1.5 Million

Round Type

seed

BengaluruSports

Investors

Prakash PadukoneRainmatter

Description

Machaxi, a Bengaluru-based sports-tech startup, has raised $1.5 million in a funding round led by Rainmatter, with participation from Prakash Padukone. The funding will support expansion into Hyderabad, Pune, and Chennai. Machaxi aims to standardize badminton training across India and has partnered with the Padukone School of Badminton. The goal is to set up over 1,000 coaching centres in the next four years.

Company Information

Company

Machaxi

Location

Bengaluru, Karnataka, India

About

Machaxi is a sports company that was founded in 2019 with the aim of providing high-quality sports facilities and coaching in Bangalore. Their centres are equipped with state-of-the-art infrastructure, ample parking, sports shops, and cafes. They offer popular sports such as badminton, table tennis, cricket, football, swimming, and more. The company puts a high emphasis on hygiene, making sure that all its facilities are clean and safe. By providing accessible facilities and memberships, Machaxi aims to make sports available to every Indian

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers