Prashanth Durai V
About Prashanth Durai V
Prashanth Durai V is the Founder and CEO of Sportshedge, a sports stock exchange based in Bengaluru, India. He has a background in fantasy sports and technology, having previously worked at various organizations including Tracxn and Stoic Strategy, and has contributed to the development of innovative platforms in the sports speculation industry.
Work at Sportshedge: Sports Stock Exchange
Prashanth Durai V serves as the Founder and CEO of Sportshedge, a sports stock exchange based in Bengaluru, Karnataka, India. He has held this position since 2023. Under his leadership, Sportshedge introduced a groundbreaking model in the sports speculation industry, allowing users to engage in fantasy sports by trading player stocks that fluctuate based on real match performances. This innovative approach mirrors the dynamics of financial markets, providing a unique platform for sports enthusiasts.
Education and Expertise
Prashanth Durai V completed his Integrated Masters in Science at the Indian Institute of Technology, Kharagpur, from 2009 to 2014. He also studied at FIITJEE, focusing on Physics, Chemistry, and Mathematics (PCM) from 2005 to 2009. Currently, he is pursuing an Immersive Program in Entrepreneurship/Entrepreneurial Studies at the University of California, Berkeley, starting in 2024. His educational background equips him with a strong foundation in analytical thinking and strategic planning.
Background in Fantasy Sports and Technology
Before founding Sportshedge, Prashanth Durai V was involved in various roles that contributed to his expertise in fantasy sports and technology. He worked at Stoic Strategy as Founder and Head of Strategy from 2015 to 2023. He also developed an AI-powered data lab, which functions similarly to Bloomberg or Quantopian but focuses on sports speculation. This lab provides historical data and supports the development of machine learning algorithms, enhancing the analytical capabilities within the sports sector.
Previous Work Experience
Prashanth Durai V has a diverse work history that includes positions as an Analyst at Tracxn for three months in 2014 and as an Intern at Avanti Fellows for one month in 2012. He was also a founding team member and Governor of the Debating Society at IIT Kharagpur from 2009 to 2012 and served as Founder and Head of Organisation for the IIT Kharagpur Model United Nations Conference from 2011 to 2015. These experiences reflect his leadership skills and commitment to community engagement.
Achievements in Sports Speculation
Prashanth Durai V has made significant contributions to the sports speculation industry. He introduced the lowest transaction fee in the sector at 1.5%, which has set a new standard for affordability. Additionally, he enabled users to create and upload over 10 fantasy teams in just ten minutes for grand leagues across various Daily Fantasy sports platforms globally. He also reduced the break-even percentage on Sportshedge, achieving a more favorable rate compared to typical benchmarks in the industry.