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Kooh Sports raises $2.2M in Series B funding round from its existing investors HDFC, Faering Capital & Elevate Sports

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KOOH (Kids Out of Home) Sports is a new age sports education, training & technology company

Mumbai – Oct 08, 2016. RedNewswire/-

Mumbai-based Kooh Sports has raised $2.2M funding from its existing investors Housing Development Finance Corp. Ltd (HDFC) , Faering Capital & Elevate Sports in a Series B funding round. The company is set up with an aim to involve kids of today’s generation with sports and live healthier lifestyle. It also help kids to turn professional in sport of their choice by being present throughout the journey of a kid.

The company was founded in 2010 by Susir Kumar, Chairman & founder of Kooh and Prabhu Srinivasan, Managing Director & Co-founder of Kooh.

It partners with schools to evolve and manage a sports curriculum for students and organizes sports-related events across the country, both in Tier I and Tier II cities, and currently claims to reach out to over 10,000 children.

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KOOH sports operates in 180 schools across 50 cities, 80 multi-sport academies in 25 cities with a staff of strength of about 400 people. It is now looking to increase its headcount to 500 plus; total number of academies to 100 and schools to about 200-220.

The fund raised will be used to expand into international markets, enhance product innovations & also to enhance its working capital to meet high growth needs.

Chirag Patel, CEO of KOOH Sports said..

There is a need to have greater access to highly skilled international sports coaches and technical staff especially for sports such as swimming, football and tennis.

“We are currently evaluating to buy one or more assets from a carefully curated list in geographies like UK, Australia and Middle East and are also pursuing international partnerships particularly in UK and Australia,” he added.

Susir Kumar, founder of KOOH Sports, said..

“There is a possibility that we may raise significant capital next year to further scale up through international expansion, add new sports specific capabilities and reinforce the product portfolio.”

In december 2015, the company also raised $2M in series A funding round led by Faering Capital, Tata Consultancy Services, Elevate HDFC.

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