Chennai, Tamil Nadu, India
Shareplay is a Chennai, India-based marketplace that unlocks idle sporting infrastructure at private and public schools, allowing community members to book courts and grounds by the hour through the shareplay.in platform. Founded in December 2019 by Shyam Sundar Rajamani and his co-founder Raghu, the company targets the roughly 100,000 private schools across India and an estimated five to ten times that number of public schools, most of which sit empty after 3 PM. As of mid-2022, Shareplay operated across 15 venues covering 22 sports, generated between $10,000 and $20,000 per month in revenue, and had accumulated a customer database of 1,500 paying users, with 500 to 600 returning each month. The company reported being operationally profitable and raised a $70,000 pre-seed round at a $1 million valuation, selling under 7% equity to three friends and one unnamed incubator. The business is transitioning from a fully staffed, revenue-share model with schools toward a software subscription model priced at approximately $30 per month per school, with optional staffing services sold as an add-on. Rajamani told Latka in August 2022 that Shareplay aimed to reach 25 to 30 venues within four to six weeks and 80 to 100 school partners by the end of December 2022.
- Revenue
- $120K
- Customers
- 500
- Year founded
- 2019
- Funding
- $70K
- Team size
- 19