• Sun. Apr 21st, 2024

Raising the Bar: Centre Court Capital’s Quest to Capitalize on India’s Gaming and Sports Boom

BySamantha Nguyen

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

In an exciting development for the Indian sports technology and video game industries, 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. The Mumbai-based fund has already secured 2 billion rupees from backers, including Jindal’s family trust as the anchor investor, and is looking to raise the remaining amount by November.

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, and SG Sports.

Ghouse is an experienced venture capitalist who previously led investments in cricket team Delhi Capitals and other franchises during his tenure at Jindal’s JSW Group. He has now teamed up with Alok Samtaney, a former principal at TVS Capital Funds, to focus on identifying and investing in promising startups in the Indian sports technology and gaming sectors. Together they are excited about the potential of these industries to transform India’s youth culture and drive economic growth.

As Centre Court continues to grow its portfolio of investments in this burgeoning sector

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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