TLDR:
- Centre Court Capital invests in Quidich Innovation Labs through a Series A funding round to help Quidich expand into new sporting ventures
- Quidich aims to revolutionize sports broadcasting technology through cutting-edge solutions
Centre Court Capital, a venture capital firm, recently announced its investment in Quidich Innovation Labs, a sports broadcast technology company co-founded by Rahat Kulshreshtha and Gaurav Mehta. The undisclosed amount of investment secured through a Series A funding round is intended to assist Quidich in expanding its presence in new sporting ventures across different geographies. Quidich has positioned itself at the forefront of transforming the tech and innovation scene, with a strong focus on developing state-of-the-art solutions to revolutionize sports and enhance the fan experience.
With the current sports media rights market valued at $56 billion and the global sports broadcasting technology market projected to reach $114 billion by 2030, Quidich is strategically placed to capitalize on this growth. The company’s use of specialized camera systems, computer vision, and augmented reality technology enhances live sports broadcasts, elevating the overall viewing experience. In recent years, Quidich has established itself as a key technology partner for prominent organizations such as the Board of Control for Cricket in India (BCCI) and the International Cricket Council (ICC).
Rahat Kulshreshtha, co-founder of Quidich, expressed excitement about the partnership with Centre Court Capital, highlighting the shared vision of redefining the global sports viewing experience. Quidich also unveiled its innovative product, ‘HypeReality,’ created in collaboration with the ICC, aimed at enhancing sports fan engagement by delivering an immersive and electrifying experience to viewers worldwide. Mustafa Ghouse, General Partner at Centre Court Capital, emphasized Quidich’s commitment to excellence in cricket broadcasting as a key factor positioning them as leaders in the sports broadcast technology sector.
As sports broadcast technology undergoes a transformative phase, Quidich’s dedication to quality and innovation, as well as its consistent pursuit of excellence, make it a prominent player in shaping the future of sports broadcasting technology. The investment from Centre Court Capital is expected to fuel Quidich’s growth and enable further advancements in the field of sports technology and broadcasting.
