Chennai, April , 2018 : Howdydo! – A Neighbourhood Sports Social Networking Platform for finding or hosting sporting events, sports classes/coaches, forming teams, finding sports partners integrated with HowdyDo Messenger, clinches Rs. 2 crore worth investment from TIW Private Equity based out of Delhi. TIW Private Equity will be given 10 % stake in the company. TIW Private Equity will initially invest Rs. 1 crore in Howdy Ventures Private Limited with an additional option to invest Rs. 1 crore in future. Mr. Xavier Britto, the Chairman Kerry Indev Logistics and Howdy Ventures has also agreed to infuse more capital as needed.
HowdyDo was launched in 2017 with a vision of changing the sports land scape in India. “Global Sports Market is worth $ 800 Billion. India’s sports market is currently worth $3-5 Billion and is expected to grow in leaps and bounds. India has won 24 Olympic Medals in 28 Olympic Games held since 1900. We want to change this by focusing on Neighbourhood Sports” said Mr. SK Choudhury, (Director of Howdy Ventures Pvt. Ltd).
“One can be a fantastic sports person but they fail to get noticed. Recognition is key to success. The “likes” in HowdyDo platform can help get the recognition needed. Our aim is promote sports in the grassroots level. In HowdyDo, we have brought every aspect of sports and made it local to your neighbourhood. Find a class or a coach, form a team, find sporting events, find partners for your gym, running or tennis in your neighbourhood or how about that local event played in your locality. The cool part is we have integrated social networking and messenger to every aspect of our application. Our messenger is capable of having 1 lac people in a group with conference calling and conference video calling. Although everyone aspires to be a Tendulkar or Mary Kom, first you have win a local medal in your school or college, then your locality, city, your district then your state and nationals.” said Mr. Sudhakar Raja, CEO of Howdy Ventures.
Mr. Xavier Britto, Chairman of Kerry Indev Logistics with interests in Hospitality, Education and Sports and also the Chairman of Howdy Ventures said “With India gearing up for many more multi sports events lined up in our country like Indian Premier League (Cricket), Hockey Indian League, Indian Super League( Soccer), Indian Badminton League, Pro Kabaddi League and Premier Futsal. There’s been a seismic shift of interest in Indian sports in a big way attracting mass fan following. It has brought tremendous potential to invest in sports and garner huge returns in this segment. We see a great potential in Howdydo! and we are going to continue our support with additional funding as and when required”
Mr. Harry Lagard a Director in Howdy Ventures and in the board of First Flight Couriers, RCI Logistics, Nokia and Tron Infra Solutions ( A Smartron company ) said “We welcome TIW on board for investing in Howdy Ventures, money raised will be utilized for further marketing spend to boost visibility of HowdyDo. HowdyDo, an innovation from India will expand rapidly with global aspirations”.
Mr. Khirodkumar Jena, a Director in Howdy Ventures, World Odia Convention Chairman and Angel Investor said “ Sports in India requires to be rebooted. HowdyDo will bring out the talented sports people. It is not only for sports players but also the fans. We are also looking at helping the under-privileged sports get funded to move to the next level.”
Mr. Anurag Joshi of TIW Private Equity stated “We always stay focused investing in diversified fields which will yield us maximum returns with growth. We foresee a lot of potential in this market and Howdydo is poised to play a major role as an early mover. HowdyDo’s Privacy Protection where users phone number and email is masked will be a game changer. India requires a Sports Tech Innovation like HowdyDo to grow the sports base in India. TIW will be a stepping stone in HowdyDo’s success journey.”
About Howdy Ventures:
Howdy Ventures was launched 2017 as part of Make in India initiative to boost digital India fortune to empower people through technology driven solutions.
HowdyDo (www.howdydo.in) and also available on play store and app store is a Privacy Protected Neighbourhood Sports Networking Platform with
• Find Classes/Coaches in your neighbourhood
• Form Teams/Groups/Clubs
• Find local sporting events in your neighbourhood
• All your classmates, team mates and event participants are automatically added to your Social Network in HowdyDo
• Integrated with Privacy Protected HowdyDo Messenger with Chat, Calling, Video Calling and Conference Video Calling where your phone number and email is masked.
About TIW Private Equity:
TIW Private Equity is an India Focused Buyout Private Equity Fund with diversified interests. TIW Focus is to drive superior returns through margin expansion coupled with growth, funding consumption driven sectors & domestic demographic dividend to drive superior alpha returns (FMCG, Manufacturing Consumption, digital consumption, real estate services, financial services, auto ancillary, specialty chemicals, pharma, food & Agri etc.)