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Centre Court Capital announces maiden fund for sports and gaming startups
Entrackr
ยท
1y ago
Medial
Centre Court Capital has announced the launch of Rs 350 crore (approximately $42 million) worth maiden fund for sports and gaming startups. Founded by Mustafa Ghouse, Alok Samtaney, the fund will back founders bringing innovative tech and pushing the boundaries of the sports and gaming ecosystem. Centre Court Capital is SEBI-registered Category II AIF, and is soon launching an offshore feeder fund in GIFT City, to raise capital from international investors. The fund has already completed its first two investments in the sports tech space. As per the fund, it will look to focus on early stage opportunities, earmarking Rs 8 to 24 crore, while reserving 40-50% of the fund for follow-on investments. The sector-focused VC fund has already raised Rs 200 crore in commitments from investors and athletes. Other notable figures from the world of sport and media have also joined.
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Centre Court Capital Floats Maiden INR 350 Cr Sports Tech And Gaming Fund
Inc42
ยท
1y ago
Medial
Mumbai-based venture capital fund Centre Court Capital has launched its inaugural INR 350 crore fund, with a focus on the sports and gaming sectors. The fund, which has already raised INR 200 crore from investors and athletes, aims to be at the forefront of India's sports and gaming revolution. It has already made two undisclosed investments in the sports tech space and will primarily focus on early-stage opportunities. Centre Court Capital also plans to launch an offshore feeder fund in GIFT City to attract international investors.
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Centre Court Capital marks first close of maiden VC fund
VCCircle
ยท
1y ago
Medial
Sports technology and gaming-focused venture capital firm Centre Court Capital has achieved the first close of its debut investment fund. The category-II alternative investment fund, which is seeking to amass INR3.5bn ($46.8m), has raised INR2bn from investors including the family office of Sajjan Jindal, US investment firm PremjiInvest, the Small Industries Development Bank of India and GMR Sports. The fund will invest in sports and gaming tech start-ups in India, aiming for 15 investments in the next three years.
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Centre Court loops in new LP, nears final close of maiden sports-focused VC fund
VCCircle
ยท
10m ago
Medial
- Centre Court Capital attracts Indian institutional limited partner for maiden fund - Firm founded by Mustafa Ghouse and Alok Samtaney - Focus on sports technology and gaming investments - Maiden fund nearing final close - Partnership with Indian LP brings firm closer to final target - Founders bring extensive experience in sports and investment industries
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Sports-focussed Centre Court Capital launches $42 million sports, gaming tech fund
Economic Times
ยท
1y ago
Medial
Centre Court Capital has announced the launch of a Rs 350 crore ($42 million) venture capital fund focused on sports technology. The fund has already raised Rs 200 crore from investors including the owners of India's JSW Group and Azim Premji's wealth fund. The fund aims to support founders who are bringing innovative tech into the sports and gaming ecosystem in India, which is home to three gaming unicorns and has a large population of gamers. The gaming sector in India is expected to grow at a CAGR of 21% over the next five years.
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Centre Court signs first cheque to Stupa Sports, eyes more opportunities
Livemint
ยท
1y ago
Medial
Centre Court Capital (CCC), a sports technology and gaming fund, has selected 10 startups from a pool of over 350 potential investments. The fund's first investment has been made in Stupa Sports Analytics, a company that offers AI-driven solutions for player performance analysis and sports digitization tools. CCC aims to invest in tech-enabled sports businesses and will focus on opportunities related to performance analytics and fan engagement. With a target corpus of INR 350 crore, CCC has already received INR 200 crore in commitments from investors. The fund is looking to make 8-10 investments and reserves 50% of the fund for follow-up rounds.
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Former JSW Sports CEO launches โน350 cr sports tech, gaming fund
Livemint
ยท
1y ago
Medial
Former CEO of JSW Sports, Mustafa Ghouse, and former investment director of TVS Capital and Sabre Partners, Alok Samtaney, have established a sports tech and gaming fund called Centre Court Capital (CCC). The fund, worth โน350 crore, already has โน200 crore pledged by investors including the Sajjan Jindal Family Trust. Other investors include Sidbi, PremjiInvest, GMR Sports, and SG Sports. CCC will focus on early-stage opportunities in the sports tech space, with plans to raise capital from international investors through an offshore feeder fund in Gift City. India's gaming sector, with 396 million gamers, is expected to grow at a CAGR of 21% over the next five years.
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Indiaโs Sportstech Field: 13 Startups Tapping The Sports Opportunity
Inc42
ยท
9m ago
Medial
Indian sports tech startups have raised a total of $139 million in funding across 29 deals from 2014 to November 2022. Despite the relatively low funding amount, there is growing momentum in the Indian sports tech space with notable figures launching sports tech funds, IIT Madras hosting its inaugural Sports Tech Start-Up Conclave, and Centre Court Capital introducing a sports tech fund worth INR 350 crore. There is still plenty of untapped potential for innovative startups in areas like venue booking, athlete performance tracking, and analytics.
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Former BharatPe COOโs venture capital firm rolls out maiden fund
VCCircle
ยท
1y ago
Medial
Dhruv Dhanraj Bahl, the former COO of BharatPe, has launched a venture capital firm called Eternal Capital. The firm's maiden fund aims to raise INR 120 crore, with an additional greenshoe option. The fund has already received commitments of INR 102 crore from various entrepreneurs, including executives from BharatPe, MakeMyTrip, and PolicyBazaar. Bahl has been investing in startups for the past six years and aims to provide easier access to institutional deals through Eternal Capital. The fund plans to invest in seed and pre-Series A rounds, focusing on sectors such as fintech, SaaS, consumer, clean energy, and sports and gaming.
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US & India-focussed VC firm Abyro Capital floats maiden fund
VCCircle
ยท
8m ago
Medial
Early-stage venture capital firm Abyro Capital has launched its first fund, targeting investments in US and Indian startups. With an initial corpus of $25 million, the firm aims to back around 12 to 15 startups in sectors such as AI, healthcare, manufacturing, and supply chain. Abyro Capital has partnered with Hyderabad-based incubation centre T-Hub to provide startups with mentorship, market access, and operational support. Founder and managing partner Vamsi Kora said the fund represents their commitment to supporting visionary founders with capital and resources needed for global success.
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Zerodhaโs Nikhil Kamath says youth transitioning from cricket to digital, announces strategic gaming industry fund
Livemint
ยท
1y ago
Medial
Zerodha co-founder and CEO Nithin Kamath expressed his thoughts on how younger generations are increasingly shifting their interests from traditional sports like cricket to digital gaming. He observed how gaming has become the dominant form of entertainment among youth, highlighting the evolving landscape of the industry. Kamath also announced that applications for The Gaming Fund are now open, encouraging individuals involved in the gaming industry to register. This trend of gaming surpassing traditional sports is seen globally, driven by technological advancements and increased accessibility to gaming platforms.
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