Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Centre Court Capital launches Rs.350-Cr sports tech, gaming fund
Centre Court Capital has announced the launch of an INR 350-crore fund to back founders in India’s sports and gaming landscape. Founded by Mustafa Ghouse, former CEO of JSW Sports along with Alok Samtaney, a former Investment Director with TVS Capital and Sabre Partners, the fund has the Sajjan Jindal Family Trust as anchor investor, with Parth Jindal at the helm.The sector-focused venture capital fund has already raised INR 200 crore in commitments from investors and top athletes. Joining the Jindal family are the Small Industries Development Bank of India (SIDBI), PremjiInvest, USK Capital, and other large corporate sports investors such as GMR Sports and SG Sports.The fund has already completed its first two investments. It will look to invest in early-stage opportunities, earmarking INR 8 crore to INR 24 crore, while reserving 40-50% of the fund for follow-on investments.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.