Sports
Various models
Season 3 Episode 20
| Brand | Push Sports |
| Company Name | Push Sports Arenas Pvt Ltd |
| Founders | Nitin Pahuja, Puru Singh |
| Original Ask | 80 lakhs for 1% equity at the valuation of Rs. 80 crores |
| Deal | 80 lakhs for 4% equity at the valuation of Rs. 20 crores and 2% royalty until 1.6 crores is recouped |
About the Product
Push Sports is committed to establishing world-class arenas, laying the groundwork for a vibrant new playground accessible to all across India. Their dedication to crafting state-of-the-art sports infrastructures sets the stage for their vision of a dynamic new playground for everyone. Across 10 sports disciplines catering to ages 3 to 19, Push Sports blends expert coaching with technology to foster both athletic prowess and essential life skills in young participants. Their scholarship opportunities and career pathway mentoring, facilitated by top-tier coaches, distinguish them from neighbouring academies.
Push Sports revolutionizes performance measurement through gamified assessment tools, transforming sports learning into an interactive and enjoyable experience. These tools actively engage students, fostering consistent participation and a genuine passion for sports. They offer comprehensive digital assessment reports, leveraging technology to provide insights into a participant’s development, strengths, and areas for growth. This not only facilitates personalized coaching but also empowers students and parents to track achievements and establish meaningful goals. Push Sports ensures accessibility and self-sustainability through innovative competitive exposure programs and pay-to-play offerings. Their approach promotes a culture of sports participation and advancement, catering to both professionals and enthusiasts alike.
Founders & their story
- Nitin Pahuja
- Puru Singh
Push Sports recognizes the historical scarcity of opportunities in India’s sports field and acknowledges parental scepticism toward pursuing sports as a viable career path for their children. However, this perception has shifted, heralding a golden age for sports in India. Push Sports, a full-stack sports solutions company, collaborates with schools to offer comprehensive tie-up packages, including designing sports curricula, implementing sports programs, and developing sports infrastructure. With a team of over 80 coaches and a focus on more than 10 sports disciplines, Push Sports has become a pivotal player in reshaping the sports landscape.
Their multifaceted approach involves constructing school sports infrastructure, operating both in-school and after-school programs, and monetizing these facilities through pay-to-play schemes and corporate events. Currently serving over 6,000 students across 17 locations, Push Sports has seen tangible success, with over 20 students competing at the state level in 2022. Established in February 2018, Push Sports operates through three distinct business units: pay-to-play, sports education, and sports infrastructure. They have raised a total of 2.5 crores, with a capex of 2 crores. Presently, the founders are seeking a seed round of 8 crores at a valuation of 80 crores to further propel their mission of revolutionizing sports education and infrastructure in India.
About the company
Push Sports Arenas Pvt Ltd isn’t just about constructing sports facilities; they’re crafting “India’s New Playground” by revolutionizing the grassroots sports ecosystem through pioneering, technology-driven approaches. Their goal is to make sports education mainstream, encouraging involvement among students, parents, and schools, and tackling prevalent health issues among youth like obesity, diabetes, autism, and depression.
Sport has been a timeless pursuit, fostering fitness and community cohesion throughout history. In today’s pandemic-affected world, the importance of maintaining both physical and mental well-being is clearer than ever. For them, the answer was evident. The significance of sports is now more pronounced. Engaging in competitive physical activity not only encourages individuals of all ages to stay active but also nurtures vital virtues, promoting a holistic approach to a healthy lifestyle.
By investing in grassroots sports, Push Sports Arenas empowers communities at their core. They believe that every individual, regardless of background, should have access to sports opportunities that foster personal growth, teamwork, and leadership skills. Through their initiatives, they aim to ignite passion, build confidence, and create pathways for aspiring athletes, thus fostering a culture of inclusivity and empowerment within grassroots sports.
Revenue
Push Sports has demonstrated a robust financial performance, with an average monthly profit per school ranging between 1.5 to 2 lakhs. Sales for the fiscal year 2023-24 (until November) have reached 5 crores, with a significant milestone achieved in October 2023 with sales totaling 50 lakhs. Projections for the fiscal year 2023-24 indicate anticipated sales of 9 crores, showcasing substantial growth compared to the previous fiscal year’s sales of 3 crores. Out of the 17 locations, 7-8 are currently profitable, indicating a strong operational efficiency. Push Sports maintains a healthy financial position with 25 lakhs in the bank, while sustaining a monthly burn rate ranging from 1 to 1.5 lakhs.
Founders’ Ask
80 lakhs for 1% equity at the valuation of Rs. 80 crores.
Offers
Vineeta’s offer: 80 lakhs for 4% equity at the valuation of Rs. 20 crores and 2% royalty until 1.2 crores is recouped.
Peyush’s offer: 80 lakhs for 4% equity at the valuation of Rs. 20 crores and 2% royalty until 1.6 crores is recouped.
Peyush and Vineeta’s offer: 80 lakhs for 4% equity at the valuation of Rs. 20 crores and 2% royalty until 1.6 crores is recouped.
Final Offer
Peyush and Vineeta: 80 lakhs for 4% equity at the valuation of Rs. 20 crores and 2% royalty until 1.6 crores is recouped.
