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

New Venture Capital Firm Set to Revolutionize Indian Sports Technology and Gaming Industry with $42 Million in Funding

Centre Court Capital, a venture capital firm 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 Mumbai-based fund is targeting 15 to 18 investments, primarily in Series A rounds, over the next three years. Founder Mustafa Ghouse stated in a phone interview that they have already secured 2 billion rupees from backers, including Jindal’s family trust as the anchor investor, and are looking to raise the remaining amount by November.

The Indian sports technology and gaming sectors are experiencing rapid growth due to changing consumer preferences and the country’s young demographic and growing spending power. Centre Court Capital aims to capitalize on this trend by investing in technologies that enhance athletic performance, content creation, 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 – and is also in discussions with gaming studios.

Ghouse, a former international tennis player who previously led investments in cricket team Delhi Capitals and other franchises during his tenure at JSW Group, is heading the fund. Alok Samtaney, a former principal at TVS Capital Funds, has joined him as a partner. Together they are focused on identifying and investing in promising startups in these sectors with the goal of creating sustainable businesses that can make a significant impact on India’s sports industry.

Centre Court Capital’s investment strategy aligns with India’s growing interest in sports technology and gaming. As India’s population continues to grow younger and more affluent, there will be an increasing demand for innovative solutions that help athletes perform better and improve their training regimens. Additionally, gaming has become increasingly popular among Indians of all ages

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