Zerodha’s Rainmatter, others invests $1.5 million in sportstech startup Machaxi

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Here’s the information extracted from the provided content:

Summary of Machaxi’s Funding Details

  • Startup: Machaxi
  • Founders:
    • Pratish Raj (Co-founder)
  • Funds:
    • Rainmatter (investment arm of Zerodha)
  • Investors:
    • Rainmatter
    • Prakash Padukone (Indian badminton legend)
    • Existing investors
  • Fundraise Amount: $1.5 million
  • Funding Series: (not explicitly mentioned, but categorized as a funding round)
  • Date of Fundraise: 2023 (specific date not provided in the text)

Additional Information:

  • Focus: Grassroots coaching and digital sports infrastructure
  • Expansion Plans: Scale operations to Hyderabad, Pune, and Chennai
  • Collaboration: "Machaxi x Padukone School of Badminton" program to establish over 1,000 coaching centres across India
  • Vision: AI-powered badminton coaching for quality and consistency in training

Feel free to ask for more details!

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2025-06-11 06:40:12