Sportskeeda
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Sportskeeda - overview
Established
2009
Location
Wilmington, DE, US
Primary Industry
Media
About
Based in India, Absolute Sports Private Limited operates Sportskeeda, a digital media platform delivering extensive sports, entertainment, and gaming content to a global audience through articles, updates, and analyses. Absolute Sports Private Limited, the parent company of Sportskeeda, was founded in 2009 in Wilmington, US. The company has evolved to focus on delivering a comprehensive sports content experience. The founders, Porush Jain and Srinivas Cuddapah, established the company with a vision to cater to sports fans globally.
As of September 2024, Nazara Technologies Ltd. acquired Sportskeeda for INR 1455. 00 mn, marking a strategic investment opportunity. The company has completed a total of 7 deals, with the most recent deal occurring on 18th September 2024.
The current CEO is Ajay Singh. Sportskeeda is a digital media platform that offers a wide range of content across sports, entertainment, gaming, and pop culture. The platform provides articles, live updates, expert analyses, and exclusive interviews covering major sporting events including the NFL, NBA, NHL, WWE, and MMA. Catering primarily to audiences in North America, Europe, and Asia, Sportskeeda aims to enhance the viewing experience for sports fans by delivering engaging and in-depth insights.
In the most recent financial year ending 2023, Sportskeeda reported revenue of INR 15,250,895. 80. The company's EBITDA for the same period was INR 5,121,011. 60.
Revenue is generated through advertising partnerships, sponsored content, and affiliate marketing, forming the foundation of Sportskeeda's business model. Sportskeeda aims to leverage its recent acquisition by Nazara Technologies Ltd. to expand its offerings and enhance its market presence. The funds from the latest deal, finalized on 18th September 2024, will be utilized to develop new products and enhance the platform's capabilities.
The company is strategically focusing on entering new markets, particularly in regions where there is increasing demand for real-time sports and entertainment news. Specific geographic targets for expansion have not been disclosed yet.
Current Investors
Turtle Entertainment, Nazara Technologies Ltd., Seedfund
Primary Industry
Media
Sub Industries
Internet, Information Services, Digital Media
Website
www.sportskeeda.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
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