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 on a mission to raise up to 3.5 billion rupees ($42 million) for its inaugural fund. The Mumbai-based fund is targeting 15 to 18 investments, primarily in Series A rounds, over the next three years. Founder Mustafa Ghouse stated in a phone interview 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.

India’s young demographic and growing spending power are driving an increasing interest in gaming and sports. While the sector is still in its early stages in India, changing consumer preferences present new opportunities for growth. Ghouse noted that there has been a shift in mindset regarding fitness, sports, and gaming in the country and that Centre Court aims to capitalize on this trend by investing in technologies that enhance athletic performance, content creation, monetization and 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. The fund 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.

Ghouse is no stranger to the world of sports investment having previously led investments in cricket team Delhi Capitals and other franchises during his tenure at Jindal’s JSW Group. He is joined by Alok Samtaney, a former principal at TVS Capital Funds who brings extensive experience to the table as they focus on identifying and investing in promising startups in the Indian sports technology and gaming sectors.

By Riley Johnson

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