Investments

MADRID: LaLiga and PortAventura World Friday announced a joint venture to create The Beat Challenge, a one-of-a-kind entertainment experience to be enjoyed both within PortAventura World and beyond.

This follows a strategic agreement between the two entities seeking to link football and entertainment through various digital and physical experiences, while boosting tourism. 

Sep 18, 2020 16:09
MUMBAI: Emerging Media Sporting Holding - the parent company that owns Rajasthan Royals and second-highest shareholder of the three stakeholders that own the Indian Premer League franchise - is reportedly set to increase its stake in the franchise by 13.4%, through a proposed all-cash deal worth $26 million (Rs 1.9+ billion), pending BCCI approval.
Sep 18, 2020 15:09
MUMBAI: Close on the heels of fantasy sports platform Dream11's parent company Dream Sports raising $225 million in primary and secondary investment, Mobile Premier League (MPL) has reportedly closed $75 million in fresh financing led by SIG Global India Fund.
Sep 17, 2020 17:09
ZURICH: World football's governing body FIFA estimates that the negative impact of the disruption wreaked by the COVID-19 pandemic in 2020 to be around $14 billion.     “The estimated impact of the disruption was around $14 billion,” Olli Rehn, who chairs the FIFA COVID-19 Relief Plan Steering Committee and who acts as FIFA Governance Committee deputy chairman, has stated. 
Sep 16, 2020 17:09
MUMBAI: Close on the heels of raising $225 million in primary and secondary investment, sports technology company Dream Sports, parent firm of fantasy gaming platform Dream11, is reportedly in talks to acquire Bengaluru-based e-sports platform SoStronk. Moneycontrol, which reported on the development, could not offer clarity on the exact size of the SoStronk deal.
Sep 15, 2020 16:09
MUMBAI: IIFL Finance has launched its latest brand campaign featuring cricketer Rohit Sharma, to communicate the value and meaning of ‘Seedhibaat’, that is, straight talk.  Rohit Sharma is IIFL Finance’s first-ever Brand Ambassador.
Sep 15, 2020 16:09
KOLKATA: Under the aegis of East Bengal Football Club Private Limited, Kolkata giants East Bengal FC on Tuesday submitted their bid document seeking entry into the Hero Indian Super League from the upcoming season. While the onine submission was made Monday, the physical copy is set to reach the ISL authorities by Tuesday.
Sep 14, 2020 16:09
MUMBAI: Sports technology company Dream Sports, which has fantasy sports platform Dream11, multisports aggregator platform FanCode and sports accelerator program DreamX in its portfolio, has raised $225 million in primary and secondary investment led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures at a reported valuation of over $2.5 billion.
Sep 11, 2020 18:09
NEW DELHI: Wolfson Brands has invested an undisclosed amount in Nutrafy India to grow its footprint in the Indian subcontinent.  The partnership will see the company pave the way in India for its health, sports nutrition and beauty brands.
Sep 09, 2020 19:09
NEW DELHI: SportsCloud International (SCI), headquartered in Eindhoven, The Netherlands, Wednesday announced the opening of its second international office in India. 
Sep 08, 2020 18:09
NEW DELHI: Sports community platform Rooter has announced a strategic partnership with Stradigi AI, a North American AI software company.  This partnership will enable Rooter to augment its platform, improve news feeds and focus on more advanced user experiences using billions of unique data points.