India Dealbook: YouWeCan invests in SportyBeans, Gaja Capital puts in $10m in SportzVillage

Screenshot, SportyBeans

India’s sports training space has witnessed some deal action with cricketer Yuvraj Singh’s fund YouWeCan investing in SportyBeans, which runs sports programmes for kids. In another development in the same sector, SportzVillage has raised $10 million from Gaja Capital.

YouWeCan picks up stake in SportyBeans

SportyBeans, a startup running sports programmes for kids, has received an undisclosed amount of investment from YouWeCan, the fund started by Indian cricketer Yuvraj Singh.

SportyBeans has 35 centres in 17 Indian cities. Singh’s stake is about 15 per cent, and this is his ninth investment since April, when he floated the fund. He plans to make investments worth Rs 50 crore ($7.7 million) over five years and beef up the fund to Rs 300 crore ($46 million) in the same time.

SportyBeans’ director Karan Sareen said, the company is looking to raise about $8-10 million to finance its expansion plans.

Singh, who was part of the world cup winning team in 2011, was the highest paid player in the Indian Premier League last season, where he played for Delhi Daredevils. He has been out of the international team since 2012.

Gaja Capital invests $10 million in SportzVillage

SportzVillage, a startup that works with schools and companies to design sports programmes, has received $10 million in funding from Gaja Capital.

Co-founded by Saumil Majumdar and Gopal Jain five years ago, the company is registered as Junior Sports and Services Pvt Ltd., and has three businesses, which includes SportzConsult, a sports management company with corporate clients and EduSports, which works with schools to design physical education programs.

This is Gaja Capital’s second investment from its third fund that has a corpus of $250 million. It has previously invested in staffing firm TeamLease, which recently filed for an initial public offering, and CL Educate, a training services company.

 

Also read:

India: Singh brothers struggle to sell Religare stake

PE firm KKR to invest $180m for 35% stake in Ramba subsidiary Lemang PSC

India: Staffing services firm TeamLease files for IPO, to raise about $75m

 

 

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.