Get All Access for $5/mo

Mahindra-Backed Rocksport Raises Funds from Brand Capital, Jumps over 3.5X in Valuation to USD 30 Mn The Delhi-based adventure platform aims to use the raised funds for advertising and brand-building initiatives.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Amit Goyal, CEO, Rocksport

Rocksport, a provider of in-school adventure programs in Asia, has secured a fresh round of funding from Brand Capital, the strategic investment arm of The Times of India.

With the completion of this most recent round of investment, Rocksport has received around USD 3 million to complete its Series A round, increasing its valuation to USD 30 million.

During its previous funding round, Mahindra Holidays & Resorts acquired a strategic shareholding that enabled Rocksport to broaden its reach throughout India beyond major cities.

According to the official release, the funding obtained from this arrangement will be used mainly to support marketing and brand-building initiatives that present Rocksport and its unique products to potential customers.

Rocksport CEO Amit Goyal said, "We aspire to cultivate a community of one crore superheroes by 2030. Our goal is to elevate every ordinary holiday into an extraordinary adventure. In the coming years, we will focus on fostering community engagement, generating compelling content, and facilitating meaningful conversations to build a community of healthier and happier super-families."

Launched in 2001, Rocksport offers a variety of experiences, including adventure picnics, sunset adventures, and camping night-outs, at its urban facilities.

Additionally, it hosts themed adventure experiences at partner resorts and entertainment destinations. It also organises curated group tours to adventurous and offbeat holiday spots.

As the seller of camping and outdoor products on e-commerce platforms, Rocksport claims to exclusively import and distribute eight global adventure and outdoor brands in India. The marquee brands include the likes of Coleman, CampinGaz, Contiigo, Edelrid, and Lifestraw.

As of today, more than 1,000 premier schools run Rocksport's soft adventure programs.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Data & Recovery

Get $60 off This Portable VPN Travel Router

Why keep paying for a VPN service when you can have a tiny, lightweight piece of hardware that can provide you with a lifetime of maximum VPN protection?

Growing a Business

6 Effective Strategies to Secure Funding

Use these six proven strategies to secure the funding you need.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Business News

In Just 3 Words, Kevin O'Leary Offers a Grim Outlook on Interest Rates and Inflation

The "Shark Tank" star appeared on Fox Business' "Sunday Night in America with Trey Gowdy" and said it is "hard to see" mortgage rates dropping any time soon.

Business News

Toyota Loses Over $15 Billion in Market Value After Investigation

The company was accused of falsifying engine test results that stopped shipment on three vehicle models earlier this year.

News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.