Milwaukee, WI — 2020 CricClubs announced the launch of an equity crowdfunding campaign on a crowdfunding platform called Republic. The company has set out to raise $1.0M to accelerate their growth plans in India and other large cricket markets around the world.

CricClubs was established in 2015 with a mission to revolutionize the way Cricket is organized, played and experienced. Through the digital offerings, media and e-commerce offerings, CricClubs was able to achieve significant market traction in the United States, Singapore, Saudi Arabia, and 15 other countries where we directly partner with the official national governing bodies of Cricket (ICC Associate members). Between 2015 and 2019, CricClubs platform tracked over 280,000 matches across 57 countries and achieved a user growth of 66% CAGR during this period.

The co-founder and director Ganesh Nallapareddy said “The market we are in is over US $50B and Indian subcontinent represents a sizable portion of that. We were able to gain significant traction in USA, Singapore, Saudi Arabia and several other countries. We are best positioned to apply our learnings from these markets in India and other major Cricket markets and replicate our success.”

In regards to the equity crowdfunding campaign, Mr. Nallapareddy said “Growth of CricClubs has been fueled by the passionate Cricket community that love our platform. We are thrilled to offer investment opportunity through this equity crowdfunding campaign and have them by our side as investors through our exciting journey of growth.”

More information about the equity crowdfunding or to invest in CricClubs, please visit the campaign page at republic.co

About CricClubs:
CricClubs (www.cricclubs.com) is a leading sports technology company providing wide range of technology solutions and services for cricket. CricClubs is used by 18 ICC national governing bodies of Cricket and experienced by several million fans from 57 countries. Some of the features offered by CricClubs include league management, live scoring mobile app, live video streaming technology, rollup dashboards and services such as sports apparel, cricket equipment and live video broadcast.

What is Equity Crowdfunding?
You’ve probably heard the term “crowdfunding” before, likely in the context of a Kickstarter campaign or a GoFundMe page. At the most general level, crowdfunding refers to a financing model in which small sums of money are collected from a large pool of people (the crowd). Equity crowdfunding uses this same model, but instead of offering products or perks, funders receive a percentage of ownership, a financial stake in the company, or the right to future revenues.

Equity crowdfunding allows startups and private companies to raise capital from the crowd through the sale of securities like equity, debt, revenue share and more. Everyone can be an investor and invest in startups and companies they believe in. The investment can be as little as $100 or as much as several thousands.

More information about equity crowdfunding can be found on Republic.

How is the market traction for CricClubs?
With the support of a loyal user community, CricClubs has emerged as a leader1 in the grass root Cricket competition management platform in a short span of time. CricClubs platform tracked over 280,000 matches across 56 countries and achieved a user growth of 66% CAGR between 2015 and 2019. CricClubs has partnered with 18 ICC Associate members and National Governing Bodies of Cricket and gained direct access to Cricket organizations and players in these countries. This represents 14% of ICC associate members. We have active conversations with several other ICC associate members. CricClubs also worked directly with International Cricket Council (ICC) in live streaming of more than 100 official ICC (non-commercial cricket) matches such as World Cricket League Div 1 & Div 2, T20 Worldcup qualifier matches in the Europe and America regions. CricClubs also established itself as a reliable media partner for Star TV in the Americas region to promote Hotstar International OTT platform. We also started custom apparel offering and were able to gain significant market traction in the US in just 2 years.

More information on CricClubs traction can be found on CricClubs Republic Campaign page.

Why should I invest in CricClubs?
CricClubs has achieved significant market traction in US and plans to replicate the success in other major Cricket markets. With a current user base of 2 million, CricClubs has tremendous growth potential to capture the market size of 300 million cricket participants. This Crowdfunding campaign provides a unique opportunity for happy users of CricClubs to make a micro investment into the platform they love and trust and enjoy the growth. Investments can range from $100 to several thousands.

If I invest, what would I receive in return?
In exchange for the investment amount, CricClubs issues the investor the right to the company’s capital stock at 20% discount and valuation cap of US $12.5M via CrowdSAFE security. More information about the deal terms is available on the CricClubs crowdfunding campaign page on Republic.

More details about the offer and other FAQs are available on the crowdfunding campaign page on Republic.

1 ICC Global Market research 2018
2 According to Alexa “worldwide” rank No. 1 in terms of rank among the competitors in the cricket league/competition management segment.