Sportz Interactive raises capital from FW Sports Investment Fund and ASK Pravi
After a successful association of nearly a decade with Chicago-based STATS LLC, Sportz Interactive (“SI”), a leading sports-focused content and technology solutions company based in Mumbai, has now been acquired by FW Sports Investment Fund (“FSIF”) and ASK Pravi Capital Advisors Private Limited ("ASK Pravi"). The association is in line with the company’s strategy for increased global outreach.
Sportz Interactive works with its clients which include sports broadcasters, media conglomerates, sports teams, leagues and associations to revolutionize the sports fan experience across consumption points by creating best-in-class, innovative products. The company’s offerings range from providing data and analytics, creating digital assets and building data visualizations to developing fantasy games, social media innovations and managing digital content. These partnerships willfurther strengthen Sportz Interactive’s position as a market leader globally. Under its new ownership, Sportz Interactive will continue to work with STATS LLC to service key client relationships.
The acquisition comes on the back of strong performance by Sportz Interactive over the past two years, during which the company tripled in revenue and grew from 100 people to over 270 players on the team. The growth has been driven by the addition of a number of new lines of business including social media innovations, fantasy gaming and data visualizations that have driven fan engagement at scale. During this time, Sportz Interactive has become an official Media Solutions Partner with Facebook and has added a number of new clients to its portfolio.
“We’ve seen stellar growth at Sportz Interactive over the past two years, and we are excited to partner with FSIF and ASK Pravi to help take us to greater heights. The next wave of growth for us is continuing to develop world-class products and taking our offerings to the world to create global scale,” said Arvind Iyengar, Chief Executive Officer of Sportz Interactive.
“We are excited to partner with Arvind, Naveen, and the whole SI team to unlock the next phase of the company’s growth. As sports investors, we see rapidly expanding opportunities globally for strong data, analytics, and technology-enabled service providers to change the way audiences interact with sports: from consuming to actually experiencing sports content. SI fits this bill precisely and we look forward to helping the company further enhance its position of leadership as well as conquer new markets,” said Amit R. Krishnan, Director of FSIF.
“We are extremely delighted to invest in Sportz Interactive. Led by a dynamic and young leadership team, Sportz Interactive has grown into one of the best technology service providers in the fast growing Sports Services segment. We look forward to working with the team at Sportz Interactive as they embark on their next phase of growth as they leverage their best-in-class sports data management capabilities to become the partner of choice for those seeking high quality engagement in this space,” said Jayanta Banerjee, Managing Partner, ASK Pravi.