PNN
Mumbai (Maharashtra) [India], May 7: Board of Directors of
Colab Platforms
Limited (BSE: 542866), a rising star in the nation’s sports-tech industry, has set and resolved Wednesday, May 21, 2025, as the date.
Record Date
To determine the eligibility of shareholders for the 1:2 stock split (division of equity shares) of the company, where every single equity share with a face value of Rs. 2 will be subdivided into two equity shares, each with a face value of Re. 1.
As part of an ambitious strategy set to redefine India’s sports-tech ecosystem, the firm has unveiled a Rs. 250 million Sports-Tech Growth Accelerator Program. This program is designed to discover, nurture, and expand startups at their initial stages within key sectors of sport innovation, including athlete performance technologies, esports facilities, interactive workout solutions, and audience interaction platforms.
Positioned under Colab’s newly established Sports Innovation Division, the Accelerator is designed to serve as a launchpad for founders reimagining the future of sports–from performance tech and esports to fan engagement, athlete development, and gamified fitness.
“India’s sports industry is poised for a significant digital transformation, and through this Growth Accelerator, we aim to do more than provide financial support; we seek to create an innovation hub for the country’s sporting future. Our objective is to empower pioneers who are shaping the next era of sports, not only within India but also globally,” stated Puneet Singh, the Managing Director at Colab Platforms Limited.
Highlights:-
* The company initiates a Rs. 250 million acceleration program aimed at fostering sports technology innovations in India.
• A program aimed at boosting startups, enhancing partnerships, and reshaping the sporting world via technological advancements
* The company also launched a new subsidiary, declared an interim dividend, and ventured into the predictive gaming market.
Entry to a comprehensive sporting environment
The initiative will be led by Colab’s recently established Sports Innovation Division and aims to provide more than just funding; it offers a comprehensive support system for startups. This program encompasses access to advanced research and development facilities, guidance from leading professionals and specialists in the field, strategic advice on business operations and market entry tactics, as well as introductions to various entities such as sports associations, organizations, academic institutions, and investment firms. Furthermore, chosen startups will have chances to test their innovations internally through partnerships with Colab’s network of sports leagues, clubs, competitions, and commercial ventures.
The Colab Sports-Tech Accelerator program aims to proactively identify, assist, and expand startups operating within various socially impactful sectors. These include AI-powered tools for performance analysis, wearable sports technology, fan engagement and skill-based gaming platforms, esports infrastructure and content intellectual properties, grassroots and decentralized athlete training, gamified fitness solutions, digital coaching methods, as well as comprehensive sports platforms and communities.
Launches new division focused on sports nutrition and gear
As part of its comprehensive growth plan, Colab Platforms has established a new fully owned entity called Colab Sports Science Private Limited. This venture aims to propel the group’s development within the realm of sports nutrition and gear. Focused on meeting the increasing demand for scientifically-backed sports solutions in India, Colab Sports Science will serve through various platforms including digital and physical stores. The company plans to provide dietary additives, fitness wearables, and specialized sporting technology—all aligned with Colab’s mission to create an all-encompassing environment for athletics.
Board declares interim dividend
The Board of Directors of Colab Platforms has announced an interim dividend at a rate of 0.5% per share with a face value of Rs. 2 each for the fiscal year 2025-26. The record date for this will be April 24, 2025. Eligible shareholders can expect to receive their dividends on or before May 16, 2025.
Colab ventures into the realm of predictive gaming.
As part of its extensive digital growth strategy, Colab Platforms has officially joined the predictive gaming arena, a swiftly growing segment boasting more than 50 million users and yearly transaction amounts surpassing Rs. 50,000 crore. Additionally, the firm has initiated new offerings.
www.colabsports.in
, an online marketplace specialized in sports goods.
Through its new predictive gaming initiative, Colab aims to build a scalable, transaction-fee-based platform that offers users interactive and educational experiences, underpinned by advanced analytics, real-time data, and strong regulatory compliance.
These strategic expansions highlight the firm’s steadfast dedication to pushing boundaries of innovation and delivering advanced user experiences. This move aims at broadening Colab Platforms’ income sources and bolstering its standing within the dynamic intersection of sports technology and financial services.
About Colab Platforms Ltd.
Colab Platforms Limited is registered with the Bombay Stock Exchange. It specializes in offering cutting-edge tech-driven services to multiple industries, utilizing specialized knowledge in sophisticated technologies to foster expansion and improve customer interactions. Committed to supplying tailored, technology-assisted process solutions, Colab Platforms aids clients in reaching their goals and surpassing benchmarks. Acknowledging India’s swift rise as an international tech center, Colab Platforms taps into the country’s rich pool of skilled experts to play a pivotal role in advancing the professional sector.
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