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

Centre Court Capital, a new venture capital firm backed by steel tycoon Sajjan Jindal, is seeking to raise 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 aims to make 15 to 18 investments, primarily in Series A rounds, over the next three years.

According to founder Mustafa Ghouse, the fund has already secured 2 billion rupees from backers, including Jindal’s family trust as the anchor investor, and is looking to raise the remaining amount by November. 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.

Centre Court will focus 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. It is also in discussions with gaming studios. Investors in the fund include PremjiInvest, USK Capital, Small Industries Development Bank of India, GMR Sports, and SG Sports.

Ghouse is a former international tennis player who previously led investments in cricket team Delhi Capitals and other franchises during his tenure at Jindal’s JSW Group. He is now heading the fund with Alok Samtaney, a former principal at TVS Capital Funds

By Samantha Johnson

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