New Delhi, April 4 (IANS) Venture capital firm Centre Court Capital (CCC) has announced the launch of a Rs 350 crore fund aimed at transforming the sports and gaming landscape in India. The fund will support founders in the tech space and drive innovation in the sports and gaming ecosystem.
Founded by Mustafa Ghouse and Alok Samtaney, with the Sajjan Jindal Family Trust as the anchor investor, the fund has already raised Rs 200 crore in commitments from top investors and athletes. Ghouse, former CEO of JSW Sports, expressed confidence in the gaming sector, which is expected to grow at a 5-year CAGR of 21 per cent.
“We firmly believe in the potential of the space and are focused on backing exceptional founders who believe they are now ready to compete with the best in class, globally,” Ghouse stated. The fund aims to tap into the second-largest population of gamers in the world, with India having 396 million gamers.
Parth Jindal, who heads the Sajjan Jindal Family Trust, highlighted their commitment to developing sports in India and expressed excitement about the growth of eSports and gaming sectors. The fund’s focus on supporting innovative tech in sports and gaming aligns with the growing trend in the industry, attracting interest from both investors and top athletes.
