Thursday, 02 February 2023

 

 

LATEST NEWS Punjab Police Launch Saanjh-DILASA; ODR Platform Annexed to Police Station MLAs priority meeting held for proposed annual budget Be the brand ambassador of state for emerging it as an industrial hub across the globe: CM exhorts local industrialists Bhagwant Mann directs officers to ensure that new Industrial Policy is dedicated to industry soon Officers Of The District Administration Takes Lead In Linking Voter Cards With Aadhaar Performances by the Abu Dhabi Police Music Band attracts visitors to Sheikh Zayed Festival Its Avni V/S Amber in the show Dildariyan Weekly Block Diwas : DDC conducts public redressal grievances camp at Block Narsoo Block Diwas : Bhaderwah to host 'Askini Utsav' in Feb last week: DC Doda Weekly Block Diwas : DDC Rajouri Vikas Kundal listens to people's issues at Jamola Lower Atal Dulloo reviews progress on 'One Nation One Fertilizer' scheme Cultural Wing DIPR organises Symposium in GWC Parade Sparsh Leprosy awareness campaign launched in Doda DC Doda Vishesh Paul Mahajan reviews implementation of JJM DM, SSP review law & order situation in Doda District Div Com Ramesh Kumar visits Tirupati Balaji Temple construction site at Village Majeen Budget aims to empower backward, middle class : J.P. Nadda Narendra Modi describes Budget 2023-24 as 'first of Amrit Kaal' Ananya Panday to headline Vikramaditya Motwane's cyber-thriller film Budget disappointing, contrary to expectations of common man : Sukhvinder Singh Sukhu Fizzy drinks, ready meals may be linked to increased risk of cancer : Study

 

Cricketer Shikhar Dhawan announces 75 million dollar Global Investment Sports Tech Fund

Sports News, Cricket, Cricketer, Player, Bowler, Batsman, Shikhar Dhawan, Global Investment Sports Tech Fund

Web Admin

Web Admin

5 Dariya News

Abu Dhabi , 09 Dec 2022

India opener Shikhar Dhawan on Friday announced that he would be launching a new 75 million dollars Global Investment Tech Fund to focus on innovation across the sports spectrum. The Fund, consisting of a greenshoe option of 25 million dollars, is the first organised VC fund by an Asian sportsperson and the first by an Indian celebrity. 

The 37-year-old cricketer made the announcement during the annual Abu Dhabi Global Market (ADGM) Finance Week. The announcement made by Dhawan, his partners & team at the LP-GP Summit by 256 Network (A private, invite-only organisation of asset allocators) to an audience congregating global financial market leaders from a wide array of backgrounds, who gathered at ADGM to address strategic macroeconomic and financial topics that shape global, regional and industry perspectives and themes for the years to come.

"I am elated to start a new innings & 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 a release.

"Da One Global Ventures (DOGV) will go beyond traditional investing models and will provide domain knowledge and unprecedented access to the sporting ecosystem across the globe. We are making a humble beginning but aim to scale this to greater heights and aspire to set new benchmarks for leading in Venture Capital, Sports and Technology. 

I have much gratitude to sports & I look forward to the contribution of this fund to the economic strength and growth of it," he added. Dhawan, one of the most reputed names in the cricket world, has established a globally enriched and seasoned founding team who will lead the fund's investment thesis across the spectrum of Sports to include technology, esports, gaming, web3 & more. 

The deployment of funds will be global in nature, as is the LP community. The fund will also have other prominent sporting personalities from across the globe representing multiple sports as LP Ambassadors.

Through this unique network of GPs and LPs, Da One Global Ventures (DOGV) will provide unprecedented access to an ecosystem worldwide that will accelerate and mobilise new propositions with a unique positioning.

This year has been a spectacular year for SportsTech with investments to the tune of 12 billion dollars already. That is more than the total of the preceding three years combined and multiple segments illustrating rapid growth in this dynamic industry.

Da One Global Ventures (DOGV) is in active discussions with various relevant stakeholders across the globe and further developments will be announced in due course. Da One Global Ventures (DOGV) will also incubate a SportsTech Accelerator & eSports Venture studio as distinguishing verticals within its platform.

 

Tags: Sports News , Cricket , Cricketer , Player , Bowler , Batsman , Shikhar Dhawan , Global Investment Sports Tech Fund

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2023 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD