Former JSW CEO launches sportstech fund
The former CEO of JSW Sports, Mustafa Ghouse, along with TVS Capital’s and Sabre Partners’ former investment director Alok Samtaney, has launched the Centre Court Capital (CCC), a sportstech and gaming fund with a corpus of ₹350 crore.
Sajjan Jindal Family Trust is the major investor in the fund, with contributions of ₹200 crore from other investors such as top athletes. Small Industries
Development Bank of India, Premji Invest, USK Capital, and largecorporatesportsinvestors in the country including GMR Sports, and SG Sports have also committed to the fund. A Sebiregistered category-II alternative investment fund, CCC will launch an offshore feeder fund in Gift City to raise capital from international investors. The fund has completed first two investments in the sports tech space. It will focus on earlystage opportunities, earmarking ₹8 crore to ₹24 crore, while reserving 40-50% of the fund for follow-on investments.
“The sports and gaming sectors are experiencing unprecedented growth in the country.
Tech is dominating the narrative of how sport is played and consumed, and we want to be at the forefront of this revolution,” said Ghouse, who is also an Asian Games bronze medalist, and a former member of the Indian Davis Cup team.
“We have seen a tremendous rise in both public and private investment in sports which has more than quadrupled since 2020. As a result, we’re seeing an acceleration in the number of startups that are building from India for India and the world," said the founder of Centre Court Capital.