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Game Theory raises $2 million in funding from Nithin Kamath's Rainmatter

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Real-time sports gaming system The Indian tennis player Rohan Bopanna, WEH Ventures, Prequate Advisory, and angel investors, including Balakrishna Adiga, provided $2 million in funding for Game Theory, according to the company. People who frequently participate in physical activity can identify and organise games with talented players by using game theory.

The company said that the funds generated would be put to use for technology development, the establishment of skill-based matchmaking, coaching goods, and the growth of smart sporting facilities. To improve the overall user experience, our fully integrated technological platform will introduce interactive elements like real-time scorekeeping, video highlights, pro sports similar metrics, and on-court matchmaking. As Game Theory's Founder, Sudeep Kulkarni put it, This successful fundraising is just the beginning of how daily sports may be altered with technology.

By establishing more facilities and extending its current lineup of sports, which includes badminton, swimming, and squash, the company hopes to reach a wider audience. Additionally, this is Rainmatter's first investment in a sports-related business. In order to support creative businesses in the financial technology sector and improve traders' and investors' performance, Rainmatter was established in 2016.

Playing a regular sport is one of the finest methods to keep in shape. Finding places to play consistently and finding opponents with similar skills is a challenge. Indians may now participate in sports thanks to Game Theory, according to Kamath, the Founder of Rainmatter. Zerodha recently gave Rainmatter an additional $121 million (Rs 1,000 crore).