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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 ยท 1d 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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Centre Court Capital announces maiden fund for sports and gaming startups

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

Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr ยท 4m ago
Yali Capital closes maiden deeptech fund at Rs 893 Cr
Medial

Yali Capital closes maiden deeptech fund at Rs 893 Cr Venture capital firm Yali Capital has closed its maiden deeptech focused fund at Rs 893 crore (about $103.2 million). Yali Capital had launched the early stage fund at Rs 810 crore in July last year to back startups operating in the deeptech sector. The fund intends to invest in startups across chip design, robotics, genomics, smart manufacturing, aerospace, and AI sectors, Yali Capital said in a press release. The VC firm has raised capital from corporates such as Infosys, Qualcomm Ventures, the DPIIT Fund of Funds for Startups, and Evolvence, among others. Additionally, TVS Capital founder Gopal Srinivasan, Rare Enterprises chief executive Utpal Sheth, and JM Financialโ€™s managing director Vishal Kampani are among its notable investors. Launched by Ganapathy Subramaniam and Mathew Cyriac, Yali Capital is a SEBI approved Category II AIF and had initially set its target close to Rs 500 crore, with an additional greenshoe option of Rs 310 crore. โ€œChina is well ahead in the deeptech space and has overtaken America. India has all the potential, from services to deeptech, but certainly has much distance to cover,โ€ said Ganapathy Subramaniam. Yali Capital has made five investments, including genomics startup 4baseCare, robotics startup Perceptyne Robots, and fabless chip design company C2i Semiconductors. It plans to expand its portfolio to eight companies by the end of the year.

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