• Mon. Apr 15th, 2024

Revolutionizing Indian Sports: Centre Court Capital’s $42 Million Investment in Tech and Gaming Startups

BySamantha Jones

Apr 4, 2024
Jindal-supported venture capital firm raises first fund to invest in Indian sports and gaming

Centre Court Capital, a venture capital firm backed by steel tycoon Sajjan Jindal, is raising up to 3.5 billion rupees ($42 million) for its inaugural fund to invest in Indian sports technology and video game startups. The Mumbai-based fund is targeting 15 to 18 investments, primarily in Series A rounds, over the next three years. Founder Mustafa Ghouse stated in a phone interview that they have already secured 2 billion rupees from backers, including Jindal’s family trust as the anchor investor, and are looking to raise the remaining amount by November.

The Indian sports technology and gaming sectors are becoming increasingly popular due to the country’s young demographic and growing spending power. Although these sectors are still in their early stages in India, changing consumer preferences are presenting new opportunities for investors. Ghouse noted that there has been a shift in mindset in the country regarding fitness, sports, and gaming, and the fund aims to capitalize on this trend.

Centre Court will concentrate on technologies that enhance athletic performance, content creation, monetization as well as consumer-facing companies specializing in sleep and general fitness. The fund has already invested in two startups: a broadcast technology company and a sports analytics provider. It is also in discussions to support gaming studios. Investors include PremjiInvest, USK Capital, Small Industries Development Bank of India, GMR Sports, and SG Sports.

Ghouse is leading the fund with his experience of being an international tennis player who previously led investments in cricket team Delhi Capitals and other franchises during his tenure at JSW Group’s Jindal Steel Works Limited (JSW). Alok Samtaney has joined him as a partner bringing his expertise from TVS Capital Funds where he was principal. Together they are focused on identifying promising startups that can benefit from their knowledge of these sectors

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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