KIBI Sports, a player in sports industry, raises USD 100,000 in its latest funding round from angel investors. Founded by Sagar Rai, a former national-level athlete who competed across five sports, KIBI Sports was born from his deep understanding of the difficulties athletes face, including a lack of financial support and professional opportunities.
Rai’s vision is to bridge these gaps by creating a platform that empowers athletes and streamlines the sports ecosystem. "Our vision is to create a sustainable sports ecosystem where athletes, brands, and institutions can thrive together. KIBI Sports is here to transform the way the sports industry operates by offering scalable and effective solutions," says Sagar Rai, Founder and CEO of KIBI Sports.
The funding round attracted the attention of notable angel investors, including Saurabh Aggarwal, Arpit Bhardwaj, Vartika Joshi, Suryansh Jain, Pranjal Bansal, Amit Kumar Sahu, Pratibha Rani, and Sushila. Their collective support highlights the confidence in KIBI Sports’ innovative approach and its capacity to deliver impactful solutions within the sports industry.
KIBI Sports operates through three core revenue channels, a digital marketplace facilitating transactions for sports equipment and merchandise, a platform connecting athletes and institutions with brands for sponsorships, and a system for sports event registration and booking.
The USD 100,000 in funding will enable the company to expand its operations, enhance its technology, and scale its platform to reach a broader audience.
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