In a significant move for the cricket enthusiast community, Offside, a dynamic social app dedicated to cricket lovers, has successfully secured $150,000 in a pre-seed funding round led by 100X.VC. This strategic injection of capital is poised to propel Offside into its next growth phase, aiming to swell its user base to an impressive 500,000 in the coming months, as announced in a recent press release.
Founded by Shivam Jha and Rishav Kumar, Offside has quickly become the go-to platform for cricket aficionados, offering a vibrant space for socializing with fellow fans. The app stands out with its comprehensive features, including real-time match updates, interactive discussions, thriving communities, curated cricket content, and free-to-play cricket contests and games.
The startup has already made its mark, boasting a notable achievement of attracting 50,000 users during the recent World Cup. What sets Offside apart is not just the numbers but the level of engagement within its user base, with daily interaction exceeding an impressive 30 minutes for the past three months.
This latest funding round was spearheaded by 100X.VC, adds Offside to the roster of startups that the early-stage venture capital firm has supported this year. Notable names in their portfolio include Roopya, 50Fin, Minifeel, Vodex, ThinkMetal, Luzo, Dr. Mantra, and abcoffee.
100X.VC has gained prominence for its innovative cohort-based investment model. Launched in December 2019, the firm unveiled its first batch of 20 early-stage startups, solidifying its commitment to identifying and nurturing promising ventures. Offside’s successful funding round is a testament to the potential recognized by 100X.VC in this dynamic social platform further underscores the growing intersection of sports and technology in the startup landscape.
As Offside gears up for accelerated growth and an expanded user base, the cricket community can anticipate an even more immersive and engaging experience, solidifying Offside’s position as a trailblazer in the intersection of sports, socialization, and technology.
