Sportskeeda

Last updated

Sportskeeda
Type Private
Industry
  • Sports
  • Electronic Sports
Founded2009;14 years ago (2009)
FounderPorush Jain
Headquarters Bangalore, India
Area served
Worldwide
Key people
  • Ajay Pratap Singh (CEO)
  • Anirudh Kumar (CSO) [1]
  • Sankalp Sharma (CTO)
Parent Absolute Sports Pvt Ltd [2]
Website www.sportskeeda.com

Sportskeeda is an Indian sports news and esports company established in 2009 and headquartered in Bangalore, India. [3] It features, news, articles and live coverage of sports such as cricket, association football, American football, basketball, mixed martial arts, and professional wrestling. [4] [5]

Contents

History

In 2009, the company was founded by Porush Jain. After a few months, the company raised funding from angel investors like Anshu Prasad and Srinivas Cuddapah with an undisclosed amount. [6]

In July 2020, during COVID-19 pandemic, the company launched two video series Freehit and SKlive. Freehit is an interview series with sports legends shot at homes of sportspersons while SKLive is a daily web interview series with current and past sports legends. [7]

In FY2021, the company recorded a profit of 20.28 crore (US$2.5 million) grew from 15 crore (US$1.9 million) to 35.28 crore (US$4.4 million) as compared to the last year. [8]

In November 2022, Porush Jain resigned as director and CEO of the company and appointed Ajay Pratap Singh. [9] In FY2022, the company recorded a turnover of 80.65 crore (US$10 million) from 35.28 crore (US$4.4 million) as compared to last year. [8]

Funding and acquisition

In 2011, an early stage venture capital funding company Seedfund invested ₹2.8 crore. This helped Sportskeeda to scale up their operations. [10]

In August 2019, a gaming firm Nazara Technologies funded ₹44 crore with 67% stake, valuing it at ₹65 crore. [11] [12]

In March 2023, Sportskeeda acquired US-based Pro Football Network LLC which is an analysis website that covers National Football League (NFL) and college football with 73.27% stake at ₹16 crore (US$1.82 million). [13] [14] According to the exchange filing, Sportskeeda reserves an option to acquire up to 10 percent and up to 8 percent additional stock of the Pro Football Network LLC in CY 2024 and CY 2025 respectively. [15] [16] [17]

Partnership

In March 2022, the company partnered with Dream11 to produce 8 long-format videos showcasing 8 unsung heroes who have made significant contributions to cricket and supporting many people. [18] [19]

Awards and recognition

In August 2021, the company won Gold award in the News Coverage Platform (Esports And Gaming) category organized by Gamexx 2021. [20]

See also

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References

  1. "Sportskeeda appoints Anirudh Kumar as chief strategy officer". Brand Equity The Economics Times. 22 March 2022. Retrieved 12 June 2023.
  2. "Nazara's Sportskeeda buys NFL-focused platform Pro Football Network for $1.8 million". The Economic Times . 22 March 2022. Retrieved 6 June 2023.
  3. "Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company". The Economic Times . 22 March 2023. Sportskeeda in esports and esports media
  4. SN, Vikas (16 November 2022). "Nazara's Sportskeeda appoints Ajay Pratap Singh as CEO; founder Porush Jain resigns". Moneycontrol. Retrieved 6 June 2023.
  5. M. Sriram (21 August 2019). "Nazara Technologies Wednesday said it has acquired a majority stake in sports content website Sportskeeda.com". Hindustan Times .
  6. Ghosh, Aparna (20 August 2014). "Online retail: Counting on sports lovers". Mint . Retrieved 6 June 2023.
  7. Sabherwal, Simran (11 September 2020). "We want to be lean, yet grow fast: Porush Jain, Sportskeeda - Exchange4media". Exchange4media. Retrieved 6 June 2023.
  8. 1 2 "Nazara to acquire additional 6.05% stake in Sportskeeda for Rs 20 crore - Exchange4media". Exchange4media. Retrieved 12 June 2023.
  9. Thathoo, Chetan (17 November 2022). "Nazara-Backed Sportskeeda Founder Porush Jain Resigns As CEO". Inc42 Media. Retrieved 6 June 2023.
  10. "A social way of covering sports". www.thehindubusinessline.com. 23 September 2012. Retrieved 6 June 2023.
  11. "Gaming firm Nazara acquires Sportskeeda". Hindustan Times . 21 August 2019. Retrieved 6 June 2023.
  12. Malik, Yuvraj (21 August 2019). "Nazara Technologies acquires 67% stake in Sportskeeda for Rs 44 cr". Business Standard . Retrieved 6 June 2023.
  13. Gupta, Aryaman (22 March 2023). "Nazara arm Sportskeeda pays $1.8 mn for 73.27% stake in NFL-focused US firm". Business Standard . Retrieved 6 June 2023.
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  15. Jomy Jos Pullokaran (22 March 2023). "Nazara arm Sportskeeda acquires 73 percent stake in NFL-focused US website". CNBC TV18 . Sportskeeda Inc acquired the majority stake in Pro Football Network LLC for $1.817 million. The investment is part of Sportskeeda's growth strategy in the US digital sports media market.
  16. Deb, Aparna (23 March 2023). "Stocks to Watch: HAL, Hero MotoCorp, NBCC, Nazara Tech, BHEL, GAIL, and Others". News18. Retrieved 6 June 2023.
  17. Tapanjana Rudra (23 March 2023). "Nazara's Sportskeeda buys NFL-focused platform Pro Football Network for 1.8 million". ET Now.
  18. Mahadik, Gauresh (14 May 2022). "Dream11 collaborates with Sportskeeda to release new 'Dream Big' stories". SportsMint Media. Retrieved 12 June 2023.
  19. "Dream11 partners with Sportskeeda to launch new 'Dream Big' stories". afaqs!. 13 May 2022. Retrieved 12 June 2023.
  20. "GAMEXX AWARDS 2021 - Real Awards for Real Achiever's". Gamexx Awards 2021 Initiative by Adgully. Retrieved 6 June 2023.