Andrew Johnston, Co-founder and CEO of Let Share led the latest investment round, which included various sports enthusiasts and investors from India and Sweden.
Spolto, an Indo-Swedish SportsTech startup, has successfully closed its latest funding round, bringing its total raised capital to an impressive $1 million (INR 9 crore). The startup, founded in 2021 by Safa Soltani, with Divesh Nathani as Partner & COO, is on a mission to revolutionize sports access across urban India.
The recent round saw an investment of USD 160K (INR 1.35 crore), led by Andrew Johnston, Co-founder & CEO of Let Share, a Sweden-based venture. Johnston, a seasoned entrepreneur with a passion for sports, recognized the immense potential in Spolto’s vision to transform India’s sports landscape.“India represents a massive opportunity in the world of sports and technology. The country’s vibrant sports culture and technological advancements present an unprecedented landscape for growth and innovation. Spolto is at the forefront of this transformation, and I am excited to support their vision and journey.” said Johnston.
This funding round also attracted investments from sports enthusiasts and entrepreneurs from both India and Sweden, highlighting the growing international interest in India’s evolving sports ecosystem.
Since its inception, Spolto has established partnerships with over 1,200 coaches and academies across 12 sports in Maharashtra, making it one of India’s largest sports hubs. By offering access to a wide array of sports, from tennis and swimming to badminton and gymnastics, Spolto is working to diversify sports participation beyond the traditional focus on cricket and football to new-age game like pickleball. With this fresh infusion of capital, Spolto plans to scale its services, aiming to reach even more urban communities. The startup’s goal is to foster grassroots sports development and recreational skill-building, making sports an integral part of everyday life for urban Indians.
“At Spolto, we’re committed to expanding access to sports in urban India, helping individuals of all ages and backgrounds discover the joy and benefits of sports. This funding will enable us to grow our platform and empower more people to embrace an active lifestyle,” said Safa Soltani, Founder & CEO of Spolto and Divesh Nathani, COO of Spolto.
The company is also set to enhance its digital presence, addressing the needs of the new-age Indian consumer. With a focus on accessibility and convenience, Spolto aims to become the go-to platform for sports skill development in India’s urban centers.
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