Sports Ecommerce company Sports 365 which is backed by Indian Tennis legend Mahesh Bhupathi plans to be a 1,000 crore entity in next five years. The company is focusing on new in – house brands and new institutional clients. Company’s co – founder Aashutosh Chaidhari is quite happy with the growth the company has shows since incubation . According to him ” We would be adding new business on top of the existing ones as we are creating various small online portals. Apart from that we are also building our in-house brands in areas such as fitness. We are looking at shoes, apparels, accessories etc. We are tying up with at least 15 brands, which are not present in India but they are big.”
The company is backed by top sports icons like Yuvraj Singh , Deepika Palikal and Bollywood star Lara Dutta . Mahesh Bhupathi is one of the director of the company . Both Mahesh and Lara are partnering with Indian and International sports brands and focussing on tapping the great Indian Ecommerce market .
The company plans to increase its turn over by 40-45 crore and is growing rapidly with 100 % growth rate. The company is trying to capture market share by acquiring small partners and has recently acquired tennishub.in , an online tennis store. According to the CEO of the company Chandra Shekhar ” Last December, we raised USD one million and now we are in active conversations to raise between USD five to eight million in next eight to ten weeks. Presently, we have around 250 institutional customers at Bengaluru, Hyderabad and Chennai and we have plans to expand to six to seven cities going forward, as Delhi and Mumbai.”
The company is also providing sports infrastructure and sports consulting to various schools and colleges and local clubs across the country.