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

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 to invest in Indian sports technology and video game startups. The Mumbai-based fund is targeting 15 to 18 investments, primarily in Series A rounds, over the next three years.

Gaming and sports are becoming increasingly popular in India due to its young demographic and growing spending power. Although the sector is still in its early stages in India, changing consumer preferences are presenting new opportunities. The fund aims to capitalize on this trend by investing in technologies that enhance athletic performance, content creation, and monetization, as well as consumer-facing companies specializing in sleep and general fitness.

Centre Court has already invested in two startups: a broadcast technology company and a sports analytics provider. It is also in discussions with gaming studios to support their growth. Investors include PremjiInvest, USK Capital, Small Industries Development Bank of India, GMR Sports, and SG Sports.

Mustafa Ghouse, a former international tennis player who previously led investments in cricket team Delhi Capitals and other franchises during his tenure at JSW Group, is heading the fund alongside Alok Samtaney, a former principal at TVS Capital Funds. Together they are focused on identifying and investing in promising startups in the Indian sports technology and gaming sectors.

By Sophia Gonzalez

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