VC firm Centre Court Capital allocated a US$42 million fund for sports tech and gaming projects in India.
- Centre Court Capital Background: Founded by Mustafa Ghouse, a former pro tennis player, and Alok Samtaney, Centre Court Capital aims to support tech-driven startups reshaping sports in India.
- Investors and Backers: Sajjan Jindal Family Trust is an anchor investor and a major investor in JSW‘s sports arm. Other backers include Small Industries Development Bank of India, Premji Invest, USK Capital, and major corporate sports investors.
- Investment Trends: Between August 2020 and 2022, the Indian gaming sector secured US$1.5 billion in funding. This funding surge has led startups like Dream Sports and MPL to achieve unicorn status.
