Centre Court Capital, spearheaded by Mustafa Ghouse and Alok Samtaney, has unveiled its inaugural fund valued at Rs 350 crore (approximately $42 million), dedicated to nurturing sports and gaming startups. With a firm commitment to supporting visionary founders propelling technological innovation within the sports and gaming sphere, the fund aims to catalyze groundbreaking developments in the industry.
The newly established venture operates as a SEBI-registered Category II AIF, with plans to launch an offshore feeder fund in GIFT City, facilitating access to capital from global investors. Notably, Centre Court Capital has already secured two initial investments in the sports tech sector, positioning itself as a strategic partner for pioneering startups.
Emphasizing its focus on early-stage opportunities, the fund has allocated Rs 8 to 24 crore while also earmarking 40-50% of its capital for follow-on investments, ensuring sustained support for promising ventures as they scale and evolve.
Centre Court Capital has garnered significant traction within the investment landscape, having secured Rs 200 crore in commitments from a diverse pool of investors and athletes. Notable luminaries from sports and media have also expressed their endorsement and involvement in the venture, underscoring the collective determination to drive innovation and transformative growth within the sports and gaming domain.
