Centre Court Capital has announced the launch of Rs 350 crore (approximately $42 million) worth maiden fund for sports and gaming startups.
Founded by Mustafa Ghouse, Alok Samtaney, the fund will back founders bringing innovative tech and pushing the boundaries of the sports and gaming ecosystem.
Centre Court Capital is SEBI-registered Category II AIF, and is soon launching an offshore feeder fund in GIFT City, to raise capital from international investors. The fund has already completed its first two investments in the sports tech space.
As per the fund, it will look to focus on early stage opportunities, earmarking Rs 8 to 24 crore, while reserving 40-50% of the fund for follow-on investments.
The sector-focused VC fund has already raised Rs 200 crore in commitments from investors and athletes. Other notable figures from the world of sport and media have also joined.
