Howdydo, Neighbourhood Sports Social Networking, Gets Rs 2 Cr Investment
TIW Private Equity will initially invest Rs. 1 crore in Howdy Ventures Private Limited with an additional option to invest Rs. 1 crore in future. Mr. Xavier Britto, the Chairman Kerry Indev Logistics and Howdy Ventures has also agreed to infuse more capital as needed.
Howdydo! – A Neighbourhood Sports Social Networking Platform for finding or hosting sporting events, sports classes/coaches, forming teams, finding sports partners integrated with HowdyDo Messenger, clinches Rs. 2 crore worth investment from TIW Private Equity based out of Delhi. TIW Private Equity will be given 10 % stake in the company. TIW Private Equity will initially invest Rs. 1 crore in Howdy Ventures Private Limited with an additional option to invest Rs. 1 crore in future. Mr. Xavier Britto, the Chairman of Kerry Indev Logistics and Howdy Ventures has also agreed to infuse more capital as needed.
HowdyDo was launched in 2017 with a vision of changing the sports land scape in India. “Global Sports Market is worth $ 800 Billion. India’s sports market is currently worth $3-5 Billion and is expected to grow in leaps and bounds. India has won 24 Olympic Medals in 28 Olympic Games held since 1900. We want to change this by focusing on Neighbourhood Sports” said Mr. SK Choudhury, (Director of Howdy Ventures Pvt. Ltd).
“One can be a fantastic sports person but they fail to get noticed. Recognition is key to success. The “likes” in HowdyDo platform can help get the recognition needed. Our aim is promote sports in the grassroots level. In HowdyDo, we have brought every aspect of sports and made it local to your neighbourhood. Find a class or a coach, form a team, find sporting events, find partners for your gym, running or tennis in your neighbourhood or how about that local event played in your locality. The cool part is we have integrated social networking and messenger to every aspect of our application. Our messenger is capable of having 1 lac people in a group with conference calling and conference video calling. Although everyone aspires to be a Tendulkar or Mary Kom, first you have win a local medal in your school or college, then your locality, city, your district then your state and nationals.” said Mr. Sudhakar Raja, CEO of Howdy Ventures.
Mr. Xavier Britto, Chairman of Kerry Indev Logistics with interests in Hospitality, Education and Sports and also the Chairman of Howdy Ventures said “With India gearing up for many more multi sports events lined up in our country like Indian Premier League (Cricket), Hockey Indian League, Indian Super League( Soccer), Indian Badminton League, Pro Kabaddi League and Premier Futsal. There’s been a seismic shift of interest in Indian sports in a big way attracting mass fan following. It has brought tremendous potential to invest in sports and garner huge returns in this segment. We see a great potential in Howdydo! and we are going to continue our support with additional funding as and when required.”
Mr. Harry Lagard a Director in Howdy Ventures and in the board of First Flight Couriers, RCI Logistics, Nokia and Tron Infra Solutions ( A Smartron company ) said “We welcome TIW on board for investing in this Howdy Ventures, money raised will be utilized for further marketing spend to boost visibility of HowdyDo. HowdyDo, an innovation from India will expand rapidly with global aspirations”.
Mr. Khirodkumar Jena, a Director in Howdy Ventures and Chairman World Odia Convention and Angel Investor said “ Sports in India requires to be rebooted. HowdyDo will bring out the talented sports people. It is not only for sports players but also the fans. We are also looking at helping the under-privileged sports persons by helping them get funded to move to the next level.”
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