• Tue. Apr 23rd, 2024

Funding the Future of Indian Sports Technology: Centre Court Capital Raises $42 Million for Inaugural Fund

BySamantha Nguyen

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

A venture capital firm backed by steel tycoon Sajjan Jindal, Centre Court Capital, is currently 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 has already secured 2 billion rupees from backers, including Jindal’s family trust as the anchor investor, and is looking to raise the remaining amount by November.

The growing trend of gaming and sports in India presents new opportunities due to the country’s young demographic and increasing spending power. Although the sector is still in its early stages in India, changing consumer preferences are creating new avenues for investment. Mustafa Ghouse, founder of Centre Court Capital, noted that there has been a shift in mindset regarding fitness, sports, and gaming in the country and that the fund aims to capitalize on this trend.

Centre Court will focus 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 expertise as a former international tennis player who previously led investments in cricket team Delhi Capitals and other franchises during his tenure at JSW Group. Alok Samtaney has joined him as a partner with extensive experience as a principal at TVS Capital Funds. Together they are focused on identifying promising startups in the Indian sports technology and gaming sectors.

Overall Centre Court Capital aims to play an important role in shaping the future of sports technology and gaming industry in India by investing in promising startups that can bring positive change to people’s lives while creating economic opportunities for investors.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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