Mathew Cyriac has invested $2 million in MyySports, with his he has also joined the company as a Co-Founder.
Mathew is an existing Board Member, and is also the founder of Florintree Advisors.
Saurav Banerjee had founded MyySports, a sports-tech start-up which through its App provides simple creator tools allowing millions of sports lovers to create, socialise and monetise their content, in 2021.
The App is sports and geography agnostic. MyySports has recently acquired a gaming company, MyyHashstash.
Cyriac, Co- Founder and Director, MyySports, 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 commented, “I am extremely happy to have Mathew as a Co-Founder. He is a prolific investor with an unbeatable track record and has over five investments in the Sports sector. MyySports will gain immensely from his vast experience. A warm welcome on behalf of the entire MyySports team.”
Cyriac is also the founder and executive chairman of Florintree Advisors. 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). 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 and Co-Head of Private Equity in India at The Blackstone Group.
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