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Jindal-supported venture capital firm raises first fund to invest in Indian sports and gaming

The Indian sports technology and video game industry is seeing a surge in popularity thanks to the country’s young demographic and increasing spending power. Although the sector is still in its early stages, changing consumer preferences are presenting new opportunities. To capitalize on this trend, Centre Court Capital, a venture capital firm backed by steel tycoon Sajjan Jindal, is raising up to 3.5 billion rupees ($42 million) for its inaugural fund.

Centre Court Capital, based in Mumbai, aims to make 15 to 18 investments primarily in Series A rounds over the next three years. The fund’s founder Mustafa Ghouse stated that they have already secured 2 billion rupees from backers including Jindal’s family trust as the anchor investor and are looking to raise the remaining amount by November.

The focus of Centre Court Capital will be on technologies that enhance athletic performance, content creation, and monetization as well as consumer-facing companies specializing in sleep and general fitness. The fund has already invested in two startups: a broadcast technology company and a sports analytics provider. They are also in discussions to support gaming studios. Investors include PremjiInvest, USK Capital, Small Industries Development Bank of India, GMR Sports, and SG Sports.

Ghouse, who previously led investments in cricket team Delhi Capitals and other franchises during his tenure at JSW Group’s tennis player days is now heading the fund with Alok Samtaney joining him as a partner. Together they will identify and invest in promising startups in the Indian sports technology and gaming sectors.

With their expertise in identifying promising startups along with their focus on sports technology and gaming sectors, Centre Court Capital is poised to play an important role in shaping India’s future sports tech industry.

By Samantha Jones

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