Business Standard

Shikhar Dhawan announces $75 million global investment sports tech fund

Indian opener Shikhar Dhawan on Saturday became the first Asian sportsperson to launch a venture capitalist fund that will focus on innovation across sports spectrum

Shikhar Dhawan, India national cricket team

Shikhar Dhawan in new Indian cricket team's jersey for ODIs and T20Is. Photo: @SDhawan25

Press Trust of India Abu Dhabi

Indian opener Shikhar Dhawan on Saturday became the first Asian sportsperson to launch a venture capitalist fund that will focus on innovation across sports spectrum.

The USD 75 million global investment fund consists of a greenshoe option of USD 25 million, stated the announcement made during the annual Abu Dhabi Global Market Finance Week here.

"I am elated to start a new innings and embark on this journey in the world of venture capital," Dhawan said in a release.

"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.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 10 2022 | 5:59 PM IST

Explore News