
Machaxi Secures $1.5 Million to Expand AI-Powered Badminton Coaching Across India
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Machaxi, a Bengaluru-based sports-tech startup focused on grassroots coaching, has raised $1.5 million in funding to scale its AI-powered training model and expand operations into three more cities—Hyderabad, Pune, and Chennai. The funding round was led by Rainmatter, the investment arm of Zerodha, and included participation from Indian badminton legend Prakash Padukone as well as existing backers, the company announced in a press release.
This strategic infusion of capital marks a pivotal moment for Machaxi as it builds on its vision to standardize and scale grassroots sports coaching across India. Central to this expansion is a collaboration with the Padukone School of Badminton, under which the two entities aim to establish over 1,000 coaching centers nationwide in the next four years.
The partnership will feature an AI-based coaching platform developed by Machaxi, designed to support human coaches, not replace them. The system tracks performance, ensures consistency in training methods, and makes coaching scalable even in regions where experienced trainers are in short supply.
"I've always believed that the future of Indian badminton lies in structured grassroots development," said Prakash Padukone. "Machaxi's vision to scale coaching while maintaining quality through AI is forward-thinking and impactful. I'm thrilled to partner with them in shaping the next generation of champions."
Nithin Kamath, founder of Zerodha and Rainmatter, said the decision to invest was aligned with their broader focus on sustainability and community development. "Machaxi's tech-driven approach to coaching, combined with a solid on-ground strategy, aligns perfectly with our mission at Rainmatter to back sustainable and impactful ventures," Kamath said.
Machaxi co-founder Pratish Raj emphasized that the new funding and partnerships are about more than just growth—they're about reshaping India's sports coaching model. "With the support of Rainmatter and the visionary backing of Mr. Padukone, we're working toward a future where every aspiring athlete, no matter where they come from, can train with consistency, purpose, and access to world-class infrastructure," Raj said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Tesla (NasdaqGS:TSLA) Reports Q2 2025 Production of 410,244 Vehicles and 10 GWh Energy Storage
Tesla recently announced it produced 410,244 vehicles and deployed 9.6 GWh of energy storage products in Q2 2025, highlighting its manufacturing growth and commitment to sustainable energy. Despite reporting a 14% decline in deliveries, the stock saw a 6.35% rise last quarter, aligning somewhat with broader market increases. Business expansions in India and ongoing executive changes may have contributed positively to investor sentiment. Meanwhile, market dynamics, such as fluctuations in the tech sector and trade agreement announcements, likely provided additional context for Tesla's performance in contrast to wider economic indicators. We've spotted 1 warning sign for Tesla you should be aware of. Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. Tesla's recent announcement of new manufacturing achievements ties directly into its broader narrative of expanding into autonomous vehicles and energy products. While achieving a 6.35% rise in its stock value over the last quarter despite a decline in deliveries, Tesla demonstrates the ability of its ongoing expansions in India and executive changes to buoy investor sentiment. Key to this upbeat outlook is the potential for its initiatives, like the robotaxi and Cybercab, to significantly drive future revenue and earnings, indicating meaningful impact on forthcoming performance metrics. Over the past five years, Tesla shares have experienced a substantial total return of 224.54%, underscoring a longer-term appreciation and historic investor confidence. This contrasts with Tesla's performance relative to the US market over the previous year, where it managed to exceed the market's return of 13.9%, highlighting its resilience amid various challenges within the auto industry. This quarter's news is expected to influence revenue and earnings forecasts, amplifying growth prospects. Analysts anticipate Tesla's revenue to increase annually by considerable margins, supported by ventures like the Optimus humanoid robots and expansion in energy storage. Despite a current share price of US$275.35 being slightly below the consensus price target of US$289.44, the close disparity suggests that analysts perceive Tesla as relatively fairly priced, reflecting modestly optimistic market expectations. Our comprehensive valuation report raises the possibility that Tesla is priced higher than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:TSLA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@


TechCrunch
2 hours ago
- TechCrunch
India's Max Financial says hacker accessed customer data from its insurance unit
In Brief Max Financial Services on Wednesday said its insurance subsidiary Axis Max Life Insurance received communication from an anonymous sender about unauthorized access to its customer data. Without disclosing specifics, the Noida-based financial services company said in its stock exchange filing that Axis Max Life Insurance subsequently initiated an information security assessment and data log analysis. 'A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary,' the company said. Axis Max Life Insurance is the fifth-largest insurer in India, with a sum assured of ₹21.9 trillion (approximately $256 billion) and assets under management of ₹1.75 trillion ($20 billion), as per the data disclosed in its latest annual report. TechCrunch has reached out to Axis Max Life Insurance and will update when the company responds. Do you have more information about the incident? From a non-work device, you can contact Jagmeet Singh securely on Signal at +44 7441 426266, or via Telegram @JagmeetS13, or email.


Bloomberg
2 hours ago
- Bloomberg
Future of NYC Housing Under Mamdani's Policy Platform
Tesla quarterly sales came in below estimates but shares are up. Foxconn is pulling Chinese staff from India, a major blow to Apple's manufacturing push there. Joe Sitt tells Open Interest NYC Mayor Democratic Primary winner Zohran Mamdami's policies will drive rent up in the city. (Source: Bloomberg)