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Sports infra firm HotFut plans Rs 64-cr investment to expand in India
MUMBAI: Pune-based sports infrastructure development firm HotFut plans to invest Rs 64 crore to expand operations across India.
The expansion drive would include setting up over 100 facilities in the next three years and would be funded by internal accruals and the franchise model.
The company has also tied up with Asia’s largest integrated franchise and retail solution provider Franchise India
HotFut, which was set up by the two young entrepreneurs Pavit Singh and Nikhil Dubois, focuses on providing world-class facilities and infrastructure for sports with existing venues in cities like Mumbai, Pune, Hyderabad and Bangalore. It is also currently India’s leading brand in the sports arena business and have the most number of pitches and facilities.
Talking about the plan, HotFut co-founder & director Pavit Singh said, “Our vision is to create communities revolving around sport—not just as passive consumers, but as active participants. There is an alarming drought when it comes to sporting facilities, as compared to the population, in urban areas. Now as we expand nationally, HotFut will setup benchmarks in sports facilities across India with active participations from enthusiasts to really involve general public.”
Currently, the company is able to achieve a holistic development solution through its five verticals—arenas, academy, merchandise, events and foundation. The company also aims at providing education, empowerment and opportunities to the underprivileged using sports as a platform.
“We are witnessing a trend over the last 3–5 years of customers looking at more avenues to get engaged in sporting activities apart from gym and Yoga workouts. HotFut has already set up gold standards for sports facilities in their pitches, and we are excited to be part of their journey to expand in across regions in India. This expansion will catapult the company as one of the only Indian companies to have a national footprint for sporting facilities,” said Franchise India chairman Gaurav Marya.
The sports development company pioneered the five-a-side artificial turfed football (futsal) concept in Pune, which currently is operating in multiple venues across Pune. The model combines infrastructure with fine-tuned technical and management systems, aided by talented and passionate personnel.