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Centre Court Capital announces maiden fund for sports and gaming startups

EntrackrEntrackr · 1y ago
Centre Court Capital announces maiden fund for sports and gaming startups
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.

Related News

Centre Court Capital has closed its maiden fund at Rs 410 crore, exceeding its original target of Rs 350 crore announced in early 2024. The fund had raised Rs 200 crore at its initial close.

EntrackrEntrackr · 13d ago
Centre Court Capital has closed its maiden fund at Rs 410 crore, exceeding its original target of Rs 350 crore announced in early 2024. The fund had raised Rs 200 crore at its initial close.
Medial

Centre Court Capital has closed its maiden fund at Rs 410 crore, exceeding its original target of Rs 350 crore announced in early 2024. The fund had raised Rs 200 crore at its initial close. The fund is anchored by Parth Jindal and backed by other prominent institutional investors, including SIDBI and SRI, as well as family offices such as Premji Invest, SanRaj Group, and GMR Sports. It is further supported by sports personalities such as Neeraj Chopra, Rishabh Pant, PV Sindhu, and Jemimah Rodrigues, along with leading entrepreneurs including Binny Bansal, Mithun Sacheti, and Ankit Nagori. A wave of convergence across sports, fitness, wellness, and social gaming is reshaping how Indians train, track, and engage with performance and entertainment. From analytics and athlete development to wellness platforms and interactive gaming products, these segments are benefiting from rising digital adoption and entering a scale-ready phase with deep commercial potential. Centre Court Capital states that digital gaming remains a multi-billion-dollar opportunity with strong year-on-year growth driven by deeper mobile usage and improved monetisation. Within this, the firm sees two compelling opportunity streams emerging: the continued expansion of the domestic market and the rapid rise of Indian founders building high-quality products for global audiences. The fund plans to complete between 15 and 18 investments, with a ticket size ranging from Rs 8 crore to Rs 24 crore, and has reserved significant capital for follow-on rounds. It intends to lead or co-lead most of its investments. Centre Court Capital asserts that the fund has invested in six companies representing a blend of India-focused and global opportunities in the sports and gaming space and plans to strengthen and scale its portfolio over the next two years.

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