Indian cricketer Shikhar Dhawan launches 75 million sportstech fund
- ByStartupStory | December 12, 2022
Indian cricket player Shikhar Dhawan announced the launch of a global investment fund to invest in sports tech startups with an initial corpus of $75 Million and a greenshoe option of $25 Million. The fund is basically focused on sports based startups and it will be a global multi-stage fund. The fund will be included for the representation of different sports personalities from all types of sports fields.
By this Dhawan became the first Asian person to have launched a venture capital fund to invest in startups and basically in sports startups. The fund is also known to be the second sports tech fund in about a year, with the Dream Capital launching a $250 in this august. The announcement was made during the Annual Abu Dabi Global Capital week of the year.
“I am elated to start a new innings and embark on this journey in the world of venture capital,” ,”All this would not have been possible without the support of my commercial partners and the founding team’s commitment to this fund, in readiness for this week’s announcement and targeted deployment in Q1 2023-24.” Dhawan said in the press meet.
Dhawan is one of the Indian cricketers who have founded startups as well, with Jatin Paranjape the former India cricket player in 2016 named Khelomore. He has also collaborated with many startups in this year itself like Web3 startups, Bliv.Club and WIOM etc as a part of launching the first sports city in metaverse.
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