Real sports gaming platform Game Theory raises $2 million in funding from Nithin Kamath’s Rainmatter, others

Real sports gaming platform Game Theory said on Tuesday it has picked $2 million in funding from Rainmatter (a startup accelerator fund started by Nithin Kamath’s Zerodha), Indian tennis player Rohan Bopanna, WEH Ventures, Prequate Advisory, and angel investors, including Balakrishna Adiga.

Game Theory helps people playing physical sports regularly find skilled players to play with and coordinate games.

The company said the funds raised will be used to develop its technology, build skill-based matchmaking, establish coaching products, and expand the reach of smart sporting facilities.


“Our fully-integrated technology platform, with several first-in-the-worlds, will bring interactive features like real-time scorekeeping, video highlights, pro sports like stats and on-court matchmaking to enhance the overall experience for our users. This successful fundraising is just the beginning of how everyday sports can be transformed with technology," said Game Theory’s founder Sudeep Kulkarni.

The company aims to expand its reach by increasing the number of centres and adding tennis, table tennis, and football to its existing range of sports, such as badminton, swimming, and squash.

This is also Rainmatter’s first investment in a sports-based venture. Rainmatter was launched in 2016 to back innovative startups in the financial technology space, helping individuals invest and trade better.

“One of the best ways to stay fit is to pick up and play a sport regularly. The problem is it's hard to find locations to play regularly and match with similar skilled individuals. Game Theory is solving this problem by making sports accessible to Indians,” said Kamath, the founder of Rainmatter.

Recently, Zerodha allocated an additional Rs 1,000 crore ($121 million) to Rainmatter.