Mathew Cyriac said, India is at the cusp of a digital revolution with 1 billion smartphones in the hands of the people.
NEW DELHI, Oct 13 (The CONNECT) - Mathew Cyriac, founder and executive chairman of Florintree Advisors, has invested $ 2 M in sports-etch startup MyySports. Mathew is an existing Board Member and now joins as a Co-Founder.
Founded by Saurav Banerjee, MyySports promises to democratize sports globally by gamifying the phygital experience using innovative creator tools for mass engagement. through its App facilitates its millions of fans to create, socialise and monetise their content.
MyySports is the ‘Official Streaming Partner’ of the 4th edition of Street Child World Cup that brings together 28 teams of street-connected young people from 24 countries to play football, have fun and advocate for a better future for themselves.
The geography agnostic MyySports has recently acquired a gaming company, MyyHashstash.
Mathew Cyriac said, “India is at the cusp of a digital revolution with 1 billion smartphones in the hands of the people. MyySports enables capturing and socialising the sporting journey of every sports enthusiast. With its unique offering, MyySports is all set to capture the large sports community on its digital platform. I am pleased to partner with Saurav on this exciting journey.”
Banerjee said MyySports will gain immensely from Mathew Cyriac’s vast experience.
Florintree has made over 30 investments over the past five years. MTAR Technologies and Data Patterns, two of the Florintree portfolio Companies have completed successful IPOs. Florintree also has fully exited three of its investments - Cashe , Pharmeasy and Wealthdesk (sale to PhonePe). Mathew Cyriac currently has several investments in the Sports sector -Procam International (Marathons and participative sports) Super Six Sports (Fantasy Sports Gaming under brand Fantasy Akhada) , SFA Sporting Services (Sports Tech) and Plaeup Pvt Ltd ( D2C Sports Footwear for School Children). He has previously served as Senior Managing Director & Co-Head of Private Equity in India at The Blackstone Group.