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Type | Private |
---|---|
Industry |
|
Founded | 2009 |
Founder | Porush Jain |
Headquarters | Bangalore, India |
Area served | Worldwide |
Key people |
|
Parent | Absolute Sports Pvt Ltd [2] |
Website | www |
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]
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]
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]
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]
In August 2021, the company won Gold award in the News Coverage Platform (Esports And Gaming) category organized by Gamexx 2021. [20]
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Sportskeeda in esports and esports media
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.