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According to the most recent information, Rishabh Pant, the wicketkeeper-batter for Team India, has also jumped on the tech bandwagon. According to TechJockey, a software marketplace, Pant has declared his two percent ownership position in the well-known company. Interestingly, the estimated value of the stakes in Indian rupees is INR 7.40 crore.
India’s software market has always been in the limelight for various reasons from time to time. It not only attracts the techies worldwide but also looks appealing to many celebrities and cricket stars of the country. Top it up by attaching the business acumen in the age where several Indian cricket stars have taken their liking to investing and being an entrepreneur when away from the field.
For the record, the company was formed in 2017 by former vice president of the well-known food delivery network Zomato, Akash Nangia, and former McKinsey executive, Arjun Mittal, who also happens to be a close buddy from his college days. The company’s mission has been to give software providers a national platform through which to interact with different kinds of small enterprises. The corporation began operating in the United States of America (USA) marketplaces in the early months of 2024.
“According to a company statement made public and obtained by the Economic Times, Nangia stated that the new funding was raised at a valuation of Rs 370 crore, or roughly USD 44.17 million. As part of the deal, Pant acquired a 2 percent stake in the company.”
Speaking of financial acumen, great Indian wicketkeeper Rishabh Pant feels that his wealth of professional sports experience inspired him to invest in a variety of industries.
“In cricket, having the appropriate technology for commentary, DRS, and live streaming is essential. To make rapid and informed decisions, you need the correct tools. Investing in TechJockey.com made sense to Pant since he has witnessed firsthand how much effective software can help a firm develop.
“I really like how SaaS companies operate, and I see great potential in that concept,” he added.
Having Rishabh Pant on board is a significant win for us: Akash Nangia
VP Nangia remarked that having Rishabh Pant on the board was a huge benefit for the tech company TechJockey, in response to Pant’s choice to invest there. He also praised the cricket player for his extensive knowledge of the software industry in addition to his status as a professional athlete. Consequently, he believed that Pant’s involvement would contribute to the company’s growth, particularly in US-based marketplaces and the quantity of vendors worldwide.
“Having Rishabh on board is a significant win for us, not only because of his stature as a cricketer but also due to his deep understanding of business,” said Nangia.
About TechJockey’s income generation, the company reported INR 125 crore in Indian rupees for the 2023–2024 fiscal year. In the upcoming fiscal year 2025, the IT company aims to generate revenue of INR 170-180 crore. In addition, the company’s advertisement sales have generated between seven and ten crores in revenue from the reported revenue.
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TechJockey disclosed that the remaining revenue was derived from margins amassed by vendors on their marketplace. With more than 500 categories in its software catalogue, the organization currently serves five lac businesses.
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