PRIME VOLLEYBALL LEAGUE (PVL) has reached a valuation of around Rs 500 crore after welcoming its tenth franchise, the Goa Guardians, owned by NetEnrich chairman, president and CEO Raju Chekuri. According to a league official, individual franchises are now valued in the range of Rs 50–70 crore.
The league’s valuation is driven by recent transactions and central rights rather than a simple sum of team values. PVL’s last season drew 200 million cumulative TV viewers and registered 300–400% growth in digital engagement, with traction coming from the Middle East, US, Latin America, and Europe, Economic Times reported.
PVL and Baseline Ventures co-founder Tuhin Mishra said, “With the tenth team onboard, the league is now valued at close to Rs 500 crore. Teams are valued between Rs 50–70 crore depending on performance and sponsorships. Valuations were around Rs 400 crore when the ninth team joined, and they have steadily climbed since.”
While some franchises are close to breaking even, others continue to post small annual losses. “Losses are limited to about Rs 1 crore a year, which is negligible compared to other leagues,” Mishra said.
Sponsorship remains the league’s biggest revenue stream. “We started with four or five sponsors and now have 10–12,” Mishra noted. Matches this season will be broadcast live on Sony Sports Network in English, Hindi, Tamil, Telugu, and Malayalam.
PVL CEO Joy Bhattacharjya said, “This is India’s first fully independent league where team owners are also league owners. It is a disciplined model that keeps everyone invested. We have brought in strong owners such as the founders of PhonePe, NetEnrich, the Sanghi Group and the Resolute Group.”
“Our endgame is Olympic qualification. We genuinely believe India has a realistic chance, and PVL can help make it happen,” Bhattacharjya added.
