Friday, September 5, 2008

Hottest Start ups - II - GoSports India

Entrepreneur's Details
Name Nandan Kamath
Age 31
Hometown Bangalore
Family background First gen entrepreneur
More than 1 company? No
Education Masters
Graduated from Harvard Law School
Former employer Davis Polk and Wardwell
Former designation Associate
Area of responsibility Associate
Favorite book/movie A Long Walk to Freedom by Nelson Mandela.




Business Basics
Company Name GoSports India
Founded in 2006
Headquartered in Bangalore
Company website/URL
www.gosports.in
Industry Sports
Stage of the company Several customers or locations
Source of idea Wanted it as an individual customer.




Business description
GoSports is a sports management company that seeks to identify young people with a potential and passion for sports, and provide them with the services necessary to reach their goals. The company is located in Bangalore and was founded in 2006 by an Olympian Hakimuddin S. Habibulla, Nandan Kamath and Joseph Ollapally, alumini of Oxford and Harvard School...> Read more..
GoSports is a sports management company that seeks to identify young people with a potential and passion for sports, and provide them with the services necessary to reach their goals. The company is located in Bangalore and was founded in 2006 by an Olympian Hakimuddin S. Habibulla, Nandan Kamath and Joseph Ollapally, alumini of Oxford and Harvard School of Law.
The focus is on making key interventions in the careers of promising athletes by securing them access to training, advisory, monitoring and representation services, sponsorships and other personal development opportunities.
GoSports also consults with local and international businesses, brands, federations and governments on a wide variety of matters relating to Indian sport. These include formulation and drafting of sports policies and sports-related laws, strategic consulting on using sports in marketing and other brand communications, media planning and content development, industry research and corporate sensitisation programs.
The sporting and consequent financial success of the athlete becomes the financial success of the company as the company retains a stake in their future earnings from various sources
.


How does the business make money?
Increasing the number of customers, their success is the company's success.


Team information
Co-founders-Hakimuddin S. Habibulla, and Nandan Kamath and Joseph Ollapally


Competition
Competitors Globosport, Percept Talent Management. Collage, Gameplan
How different if your product Substitutes that differ in function
or service? It has...
In what way is your product Focus is on identification and grooming of talent, not so and they concentrate on Olympic sports
or service different?



By The Numbers

2006 2007
No. of employees 0-5 0-5
No. of locations 0-1 0-1
No. of customers 2-5 6-15
Turnover pre revenue pre revenue
Profits preprofit preprofit
Primary source of Personal savings

initial funding

Primary source of Personal savings
additional funding

Raised institutional capital? No.

Why is this startup hot?
GoSports is a company that deals with sports management, but the emphasis here is on the identification and grooming of young talent in the country. The company also consciously tries to focus on sports like Olympic sports, other than popular ones like cricket.
While other players in the market largely deal with the marketing and endorsements of sportspeople, this company lays more emphasis on coaching, financial aid through sponsorship, and handling travel requirements, financial matters and press relations of clients; services that were previously unavailable on a professional level.
The company has invested in people, and has helped a lot of young talent come to the fore front. The time and effort they previously spent on administrative, fundraising and other tasks can now be used for training and rest.
GoSports presently has five atheletes fully managed by them, and are looking to increase that number to 15-20. Three of GoSports athletes have qualified for the Beijing Olympic Games 2008 - Virdhawal Khade and Sandeep Sejwal in swimming and Anup Sridhar in badminton.
In the long run,it will contribute to the development of the sports sector, and lend to it the professionalism and structure that is so much needed for its growth
.


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