Indo-Swedish sportstech startup Spolto has secured over $1 million in funding to promote sports development and recreational skill-building across urban India. The funding will be used to expand its platform and empower individuals to embrace a more active lifestyle.
Founded in 2021 by Safa Soltani, with Divesh Nathani as Partner and COO, Spolto aims to enhance access to sports across urban centers in India. The latest funding round brought in $160,000 (INR 1.35 crore), led by Andrew Johnston, co-founder and CEO of Sweden-based venture LetsShare.
“India offers a massive opportunity at the intersection of sports and technology. The country’s dynamic sports culture and rapid technological progress create a unique environment for innovation. Spolto is driving this transformation, and I am excited to support their vision,” Johnston said.
The funding round saw participation from several sports enthusiasts and investors from both India and Sweden.
Since its inception, Spolto has partnered with over 1,200 coaches and academies in Maharashtra, working across 12 sports, including tennis, swimming, badminton, gymnastics, and pickleball, in addition to more mainstream sports like cricket and football. The platform aims to make sports more accessible to all, regardless of age or background.
“At Spolto, we’re committed to expanding access to sports in urban India, helping individuals of all ages and backgrounds discover the joy and benefits of sports. This funding will enable us to grow our platform and empower more people to embrace an active lifestyle,” Soltani and Nathani said in a joint statement.