Home ENTERTAINMENT Sportz Interactive eyes $15-20 million revenue in FY24

Sportz Interactive eyes $15-20 million revenue in FY24

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Marathon Edge Partners-backed Sportz Interactive is eyeing a 20–25% growth in revenue to end the financial year 2023–24 with a topline of $15–20 million, the company’s CEO, Siddharth Raman, told ET.

He also stated that the company’s ambition is to scale the revenue to the $25–$30 million range in the next two to three years. “We aspire to be the company of choice for global sports bodies for their sports tech and marketing requirements,” he noted.

Sportz Interactive has partnerships with major sports organisations like F1, UEFA, IOC, NBA, MLB, and UFC. In India, the company works with the BCCI, IPL teams, sports broadcasters, and gaming companies.

Raman stated that 30-35% of the company’s revenue comes from international business. The company generates revenue through three main streams: sports data & video tech, interactive solutions, and content management.

“We compete with different companies in each of these verticals. However, we are the only company that has a presence in each of the three verticals,” Raman said.

Currently, Europe is the most significant market for the company, with plans to expand into the US, Middle East, and Australia soon.Sportz Interactive has appointed Alex Chamberlen as Director and Head of UK and EU Operations, with plans to establish an office in London.The company is exploring both organic and inorganic expansion strategies. “Over the next 12–24 months, we are looking at mergers and acquisitions. We want to acquire sports companies that are complementary to what we do and are profitable,” Raman stated.

The company aims to become a global sports tech company by 2030. “We want to become a global player in sports technology born out of India,” he noted.