Leh Leh Sports has raised an undisclosed amount of funding from Sunny Narang, chairman of Anglian Omega Network, in a personal capacity.
The company, run by Leh Leh 7 Entertainment Solutions Pvt. Ltd, was founded five years ago by SRCC graduate Siddharth Pandey and Vikas Jawa, who was earlier with Smile Group.
“This is a strategic investment for us, especially at a time when we are trying to grow our venue collaborations model. In this model, there is a gestation period for getting a venue fully up to speed and the funding will help us finance cash flows in that period,†Pandey said in a statement.
Leh Leh Sports creates easy access to sports and addresses the problems faced by people who want to play – finding space, partners, teams to play with and solves organisational hassles.
“At Anglian, we are trying to build a 360-degree platform to create a professional sports ecology. Leh Leh Sports is trying to address a definite problem that people face when it comes to playing their sport of choice and today it has become the premier recreational sports company in India,†said Narang.
Sports-related startups have garnered a lot of investor interest lately. Most recently, sports-tech startup Athletto has raised an undisclosed amount in angel funding from Atul Ingle, managing director at Nagpur-based Renuka Electricals & Controls Pvt. Ltd.
In May this year, Play Your Sport raised pre-Series A funding from a bunch of investors led by Ashish Gupta, former chief operating officer at Evalueserve. Prior to that, goSporto raised $30,000 (Rs 20 lakh) in seed funding from Singapore-based angel investor Naveen Gupta.
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