Law firms Khaitan & Co and Universal Legal take part in Series A funding round for Hudle company
In a significant development for the sports-tech industry, Hudle, a Delhi-based platform focusing on recreational sports like football, badminton, and pickleball, has successfully raised $2.5 million in a Series A funding round.
The funding round was led by Sky Impact Capital and Physis Capital, with legal guidance provided to Hudle by Khaitan & Co, and to Sky Impact Capital by Universal Legal. Rashi Kapoor Mehta, Partner at Universal Legal, led the transaction team, with support from Neelkamal Chaudhary, Associate Partner.
Prasenjit Chakravarti, Partner at Khaitan & Co, led the transaction team for Hudle, with Sanjana Bhatnagar, Counsel, Shivansh Mehta, Senior Associate, and Mohnish Singh, Associate, providing valuable assistance.
The funds raised will be used to enhance Hudle's technology offerings, scale its platform, and develop new offerings. One of the key initiatives Hudle plans to launch is GRIP, India's first rating index for recreational athletes.
It's worth noting that Hudle had a pre-Series A funding round, advised by Khaitan & Co and Universal Legal, but no specific details about the participants or investment amounts were disclosed. Additionally, no changes in the transaction teams for either Khaitan & Co or Universal Legal were reported for the pre-Series A fundraising.
Atrium Venture, Mahesh Bhupathi, and Gaurav Kapur also participated in the Series A funding round, contributing to the successful completion of this significant investment. However, no advisory role during the pre-Series A fundraising was reported for Sky Impact Capital's legal team, Universal Legal.
This funding round marks a significant step forward for Hudle, as it continues to revolutionise the sports-tech landscape in India. With its focus on recreational sports and innovative technology solutions, Hudle is set to redefine the way sports are experienced and enjoyed in the country.
[1] This article summarises the roles of the key players in the Series A funding round for Hudle. It does not provide information about the pre-Series A fundraising, as no specific details were disclosed.
The successful Series A funding round for Hudle saw participation from various investors, including Atrium Venture, Mahesh Bhupathi, and Gaurav Kapur. The funds raised will be primarily utilized for advancing Hudle's technology, expanding the platform, and introducing new offerings. The company's foray into technology is a significant move in the business scene, especially in the sports-tech industry.
