Founded in 2020 by Sagar Rai, KIBI is a Bengaluru-based sports startup on a mission to create a sustainable sports ecosystem where athletes, brands, and institutions can thrive together. The platform addresses the long-standing issues of lack of financial support and professional opportunities for athletes, providing a comprehensive solution that empowers them to succeed.
KIBI Sports has successfully raised $100,000 in a pre-seed funding round from a group of esteemed angel investors. This strategic investment will enable the company to expand its operations, enhance its technology, and scale its platform to cater to a broader audience.
KIBI Sports operates through three core revenue channels, including:
1. A digital marketplace for seamless transactions of sports equipment and merchandise.
2. A platform connecting athletes and institutions with brands for sponsorships.
3. A streamlined system for sports event registration and booking.
With the Indian sports industry projected to reach $100 billion by 2027, KIBI Sports is dedicated to playing a significant role in shaping the future of sports in the country. The platform has already onboarded over 20,000 athletes and 800 sports institutions, securing multiple sponsorship deals in the process.
By providing a comprehensive platform that serves stakeholders across the sports ecosystem, KIBI Sports is bridging the gap between athletes, brands, and institutions, particularly in Tier-2 and Tier-3 cities. As the company continues to grow and expand its operations, it is likely to have a profound impact on the Indian sports industry.
