Sports fans now have an all-new opportunity to get rewarded for their passion. They can trade or invest in the performance of individual players both for short term - such as a single game or for long term- a season or entire career. Sportiqo offers guaranteed dividend payouts based on a transparent formula that is linked to the player’s on-field performance. The price or value of IPL23 Kohli Stock is the total (expected) rewards (dividends) in 10 matches based on Kohli's performance. Just like a stock with a limited life of 10 dividends.
Startup Description
Sportiqo is founded by alumni of IIT Delhi & IIM Calcutta we are seasoned professionals & sports lovers. Together, we have 40+ years of experience in trading and structuring fixed-income derivatives in top investment banks & 7+ years of experience in building & scaling tech startups. Sportiqo will deep dive into Cricket in India & abroad to start. With this unique product, we are targeting:
a) $124B of Sports Investing Market (Fantasy Sports, Sports Betting
b) $220B of RMG Industry
Product Screenshots
Business Model
1. Earn commission, brokerage 1% on entry and 2% on exit of the every trade
2. 1% exit fee, while takings Rs out of the platform. Withdrawal cahrges
3. Market making commission, while providing liquidity on the player stocks
Customers
based in
India, South Asia, Southeast Asia
Business
Modal Type
Mobile App
Type of
Sales
B2C
Competitors
None directly in India as such - Sixer Game, Exchange22 have tried to do similar. Mojo.com does the same work globally.
Teams
Anindya Kar
CPO and CMO
Amit Raina
COO
Saurabh Maloo
CEO
Abhishek Porwal
CTO
Gaurav Kumar
Tech Lead
Tell us a bit about how founding team knows
each other.
We are from the same Class of MBA, 2005 Passout batch from IIM Calcutta. Andy was Gold Medalist and Amit was Rank 3 of our Batch.
Why did you decide to start this
company?
After having done trading for 17 years we realized there should be a similar avenue for sports fans. They should get the same adrenaline rush and should be able to monetize those hours spent on dissecting each aspect of the game.
Are all the founders full-time on this
project?
Yes
Looking for an
opportunity to invest in companies
like Sportiqo?
