• Wed. Apr 17th, 2024

Investing in India’s Sports Technology and Gaming Industry: Insights on Centre Court Capital’s Inaugural Fund

BySamantha Jones

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

Mumbai-based venture capital firm Centre Court Capital, backed by steel tycoon Sajjan Jindal, is raising up to 3.5 billion rupees ($42 million) for its inaugural fund to invest in Indian sports technology and video game startups. The fund is targeting 15 to 18 investments, primarily in Series A rounds, over the next three years.

Gaming and sports are becoming increasingly popular in India due to its young demographic and growing spending power. Although the sector is still in its early stages in India, changing consumer preferences are presenting new opportunities. Mustafa Ghouse, founder of Centre Court Capital, noted that there has been a shift in mindset in the country regarding fitness, sports, and gaming, and the fund aims to capitalize on this trend.

Centre Court will concentrate on technologies that enhance athletic performance, content creation, and 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 in the fund include PremjiInvest, USK Capital, Small Industries Development Bank of India, GMR Sports

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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