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Former Indian cricketer sets up sports-focused VC fund in Abu Dhabi

VCCircle

VCCircle · 8m ago

Former Indian cricketer sets up sports-focused VC fund in Abu Dhabi

A former Indian cricketer is launching a venture capital fund in Abu Dhabi focused on sports. The fund has been given approval by the regulator of the Abu Dhabi Global Market. The fund aims to invest in startups and companies operating in the sports industry. Further details about the fund, including its investment strategy and size, are yet to be disclosed.

Related News

Former Indian cricketer set to start new innings with VC fund for sports ventures

VCCircle

VCCircle · 8m ago

Former Indian cricketer set to start new innings with VC fund for sports ventures

A former Indian cricketer is launching a venture capital fund for sports ventures. The fund will be based in Abu Dhabi and has received approval from the regulator of the Abu Dhabi Global Market. The cricketer, who enjoyed a successful international career, will be entering a new chapter in his entrepreneurial journey by supporting startups in the sports industry.

Shikhar Dhawan and AB de Villiers-backed Yashaa Global Capital gets greenlight for $75M fund

YourStory

YourStory · 5m ago

Shikhar Dhawan and AB de Villiers-backed Yashaa Global Capital gets greenlight for $75M fund

Yashaa Global Capital, an Abu Dhabi-based venture capital fund, received approval to launch operations focused on sports, media, gaming, and esports. Backed by former cricketers Shikhar Dhawan, Ravi Shastri, and AB de Villiers, it has a $75 million corpus, including a $25 million greenshoe option. The fund aims to invest in sports tech, fitness, wellness, esports, gaming, and professional leagues. The management includes co-founders Mohammed Sirajuddin, Arif Padaria, and Victor Tay.

Gulf VC Shorooq Partners marks final close of third fund with oversubscription

VCCircle

VCCircle · 1y ago

Gulf VC Shorooq Partners marks final close of third fund with oversubscription

Abu Dhabi-based venture capital firm Shorooq Partners has successfully closed its third investment fund with oversubscription. The fund received commitments from Saudi Venture Capital and Jada Fund of Funds and focuses on early-stage tech startups.

Cricketer Shikhar Dhawan enters the world of venture capital as GP of Yashaa Global

VCCircle

VCCircle · 5m ago

Cricketer Shikhar Dhawan enters the world of venture capital as GP of Yashaa Global

Cricketer Shikhar Dhawan has transitioned into the venture capital sector by becoming a general partner at Yashaa Global Capital. Yashaa Global recently gained approval from Abu Dhabi regulators to launch its multi-stage venture capital fund. This new role marks Dhawan's entry into the domains of startups and investments, moving away from his established cricket career.

Abu Dhabi sets out measures to help business get away from oil

VCCircle

VCCircle · 8m ago

Abu Dhabi sets out measures to help business get away from oil

Abu Dhabi, the capital of the United Arab Emirates, has unveiled measures to simplify business processes in its efforts to diversify the economy away from oil. The city emirate announced the creation of a centralised business registry authority, the Abu Dhabi Registration Authority, which will serve as the single point for business registration. The move comes as Abu Dhabi, like other oil-exporting regions, seeks to expand into sectors such as tourism, logistics, manufacturing, and industry to drive future economic growth. The emirate's non-oil GDP grew by 6.6% in Q2 2024.

Abu Dhabi wealth fund ADQ signing off from India bet with a bummer

VCCircle

VCCircle · 7m ago

Abu Dhabi wealth fund ADQ signing off from India bet with a bummer

Abu Dhabi sovereign wealth fund ADQ has decided to exit one of its limited private equity investments in India after four years, with minimal returns. Despite being involved in the Indian market, ADQ has not been as active as its counterparts like the Abu Dhabi Investment Authority and Mubadala. Details about the specific investment and the reasons for the exit have not been disclosed.

Abu Dhabi's ADNH Catering sets price range for IPO

VCCircle

VCCircle · 10m ago

Abu Dhabi's ADNH Catering sets price range for IPO

- Abu Dhabi National Hotels (ADNH) announces indicative price range for IPO of its catering business. - Price range set at 0.91 dirhams to 0.96 dirhams per share, implying equity value of 2.05 billion to 2.16 billion dirhams for the entire unit. - ADNH Catering operates in the UAE with over 18,000 employees and has a joint venture in Saudi Arabia employing nearly 1,000 people. - Admission to trading on the Abu Dhabi stock exchange expected on Oct. 23. - Citi and FAB appointed as joint global coordinators and joint bookrunners, while ENBD and ADCB named joint bookrunners for the IPO.

ADQ, Oman Investment Authority float VC fund to make bets in buzzing MENA startup market

VCCircle

VCCircle · 1y ago

ADQ, Oman Investment Authority float VC fund to make bets in buzzing MENA startup market

Gulf sovereign wealth investors, ADQ and Oman Investment Authority, have launched a venture capital fund to support high-growth startups in the Middle East and North Africa (MENA) region. The fund aims to capitalize on the increasing interest from VC players in the MENA startup market. ADQ is based in Abu Dhabi, while the Oman Investment Authority is the sovereign wealth fund of Oman.

Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender

Livemint

Livemint · 8m ago

Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender

Abu Dhabi's Mubadala Investment Company became the top spender among sovereign wealth funds in 2024, surpassing Saudi Arabia's Public Investment Fund, with an investment of $29.2 billion. The increase reflects a broader Gulf region trend, with Abu Dhabi, Qatar, and Saudi Arabia investing a record $82 billion. Sovereign funds focused significantly on digital infrastructure and AI, marking $27.7 billion in investments. Overall, sovereign wealth assets reached $13 trillion, highlighting their growing global financial impact.

Virat Kohli to end his 8-year deal with Puma

Livemint

Livemint · 1y ago

Virat Kohli to end his 8-year deal with Puma

Indian cricketer Virat Kohli is set to end his 8-year deal with Puma India and become the brand ambassador for Agilitas Sports, according to a report. Agilitas Sports is a company founded by former Puma India managing director Abhishek Ganguly. Kohli will not only endorse the products of Agilitas Sports but is also expected to have a stake in the company. Agilitas Sports recently received a funding of ₹100 crore from Nexus Venture, indicating its growth in the sports industry.

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