Sports tech company Machaxi raises $1.5 million from Prakash Padukone, Rainmatter, others

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Here’s a summary of the key details regarding the sports tech startup Machaxi:

Startup Information:

  • Name: Machaxi
  • Founded: 2022
  • Founders: Pratish Raj, Ashish Anand, Tushar Raj

Funding Details:

  • Funds Raised: $1.5 million
  • Funding Round: Not explicitly stated, but implies a seed round

Investors:

  1. Lead Investor:
    • Name: Rainmatter (Zerodha’s investment arm)
  2. Other Investors:
    • Prakash Padukone
    • Other undisclosed investors

Expansion Plans:

  • New Locations: Hyderabad, Pune, Chennai
  • Partnership:
    • With: Padukone School of Badminton
    • Program: Machaxi x Padukone School of Badminton
    • Goal: Set up over 1,000 coaching centers across India in the next four years

Technological Features:

  • AI-backed coaching programs for athletes
  • App functionality to analyze posture and technique through video

Statement from Investor:

  • Nithin Kamath, founder of Zerodha and Rainmatter, highlighted Machaxi’s alignment with their mission to support sustainable ventures.

This encapsulates the essential information regarding Machaxi, its founders, the funding it has received, and its future plans.

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2025-06-12 15:58:00