JSW Group's Parth Jindal Backs New Sports Tech & Gaming VC Fund

4 Apr 2024 , 02:18 PM

Parth Jindal, from JSW Group, initiates a venture capital fund named Centre Court Capital to explore India’s sports tech and gaming sector, alongside Mustafa Ghouse and Alok Samtaney.

The firm has launched its first fund of ₹350 Crore, securing ₹200 Crore from domestic investors like SIDBI, PremjiInvest, and corporate investors such as GMR Sports and SG Sports.

Additionally, an offshore feeder fund in GIFT City is in the pipeline to attract international investors. Centre Court Capital aims to make 15-18 investments from the fund, focusing on sports tech, fitness, gaming, and eSports. The fund has already made two investments in the broadcast technology and sports analytics sectors.

Mustafa Ghouse, a former Asian Games bronze medalist, leads the fund, with extensive experience in sports management and private equity investing. Alok Samtaney, with over 15 years of private equity experience, also joins the team.

This initiative aligns with the growing interest in India’s gaming and sports tech industry, with substantial investments from companies like Krafton and Mixi. The Indian gaming industry has witnessed significant growth, with revenues expected to reach $7.5 billion by FY28.

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