Venture Capital Fund Supported by Jindal Launches First Fund for Investments in Indian Sports and Gaming

Sports Tech and Gaming Venture Capital: Centre Court Capital Raises $2 Billion Rupees for Inaugural Fund with Sajjan Jindal’s Support.

Centre Court Capital, a venture capital firm backed by steel magnate Sajjan Jindal, is in the process of raising up to $42 million for its inaugural fund that will focus on investing in Indian sports technology and video game startups. The Mumbai-based fund, founded by Mustafa Ghouse, has already secured 2 billion rupees from investors including Jindal’s family trust and plans to secure the remaining amount by November.

The rise of gaming and sports in India, driven by a young population with increasing disposable income, presents a promising opportunity for investment. Although the sector is still developing in the country, changing consumer preferences are creating new avenues for growth. Ghouse noted that there has been a significant shift in how fitness, sports, and gaming are viewed in India, and Centre Court Capital wants to capitalize on this changing landscape.

Centre Court’s investment focus will be on technologies that enhance athletic performance, content creation and monetization, as well as consumer-facing companies in the sleep and general fitness sectors. The firm has already made investments in two startups – a broadcast technology company and a sports analytics provider. In addition to Jindal’s family trust, other investors in the fund include PremjiInvest, USK Capital, Small Industries Development Bank of India, GMR Sports, and SG Sports. The firm is also in discussions to support gaming studios as part of its portfolio.

Ghouse brings his expertise as a former international tennis player representing India to lead this venture capital firm while Alok Samtaney joins him as a partner at Centre Court Capital. Samtaney was previously principal at TVS Capital Funds before joining Centre Court Capital where he aims to leverage his experience in sports and investment to drive success for the fund and its portfolio companies.

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