TLDR:
- Parth Jindal, of JSW Sports fame, launches Centre Court Capital to invest in India’s sports tech and gaming sector.
- The fund aims to support startups in areas like sports analytics, content, broadcast, fan engagement, gaming studios, and more.
Parth Jindal, known for his contributions to India’s sporting landscape through JSW Sports, has entered the country’s sports tech and gaming sector with the launch of Centre Court Capital. This new venture capital fund, with an initial commitment of Rs.350 crore from domestic investors, including SIDBI and Premji Invest, is led by Mustafa Ghouse and Alok Samtaney. The fund will focus on investments in sports technology, fitness, gaming, and eSports, with plans to support startups in various areas like sports analytics, content, broadcast, fan engagement, and gaming studios.
The launch of Centre Court Capital comes at a time of increasing interest in India’s gaming and digital content industries, with notable investments from companies like Krafton and Mixi. The Indian gaming industry saw a revenue growth of 19 percent from the previous fiscal year, totaling $3.1 billion in FY23. Projections suggest that the sector could reach $7.5 billion in revenue by FY28, presenting attractive opportunities for investors like Centre Court Capital.
