Investments

MUMBAI:  Esports media platform TalkEsport announced Wednesday the successful closure of its pre-series A funding round, securing an investment of $1 million from Saswat Ventures. 

The investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

Apr 23, 2021 20:04
NEW YORK: JP Morgan, the still-born European Super League's principal financial backer, has said it "misjudged" how fans would react to the breakaway competition. The American investment bank said it had committed €3.25 billion ($3.92bn) as start-up capital for the league, which posed a direct challenge to UEFA's Champions League and also threatened to devalue Europe's top domestic leagues.
Apr 22, 2021 20:04
CHENNAI:  The Tamil Nadu Cricket Association (TNCA) reportedly plans to start the fifth edition of the Tamil Nadu Premier League (TNPL) on June 4 in four districts in the state.  The eight franchises were reportedly asked to send their player retention list by April 18. 
Apr 21, 2021 14:04
MUMBAI: Talk about short-lived delusions of grandeur. Within 48 hours of its public unveiling, the grand plans for a breakaway European Super League (ESL) hatched, created and designed by the grubby men who run 12 of the richest clubs of Europe, and bankrolled to the tune of $5.5 billion (€4 billion) by JP Morgan, lay in tatters. 
Apr 20, 2021 18:04
NEW DELHI: Mobile gaming platform Mobile Premier League (MPL) on Tuesday said it has acquired city-based e-sports gaming platform, GamingMonk. Financial details of the transaction were not disclosed.
Apr 20, 2021 16:04
At a press conference on Monday, April 19, following approval of the new post-2024 format for European club competitions, UEFA president ALEKSANDER ČEFERIN spoke out strongly against the notion of a breakaway European Super League.
Apr 15, 2021 17:04
LOS ANGELES: TrillerNet, parent company of AI-driven short video social app Triller, Wednesday announced it has acquired FITE, the premier global live-event and Pay-Per-View, SVOD and AVOD and streaming platform for sports and entertainment.
Apr 13, 2021 20:04
MUMBAI: Five months after Universal Sportsbiz Pvt. Ltd. (USPL) offloaded equity to Walmart-owned Flipkart, the Bengaluru-based fashion brand is reportedly raising Rs 300 million (about $4 million) in debt funding.  The current fund raise is from independent corporate trustee Vistra ITCL (India) Limited on behalf of Spark Alternative Investment Trust, Inc42 reports. 
Apr 09, 2021 15:04
GURUGRAM: JSW sports – an Indian sports management company that also co-owns Indian Premier League franchise Delhi Capitals, has recently partnered with India Accelerator – a business accelerator firm. The partnership aims to mentor start-ups working in the arena of sports, sports data, gaming and e-sports space and create a holistic ecosystem for them.
Apr 07, 2021 20:04
LONDON: IMG ARENA, a leading sports betting service and content hub, has acquired FlightScope Services, the data collection, audio-visual production and tracking technology specialist in golf and tennis.
Apr 07, 2021 17:04
NEW YORK: The Topps Company, Inc., a global leader in sports and entertainment collectibles and confections, and Mudrick Capital Acquisition Corporation II, a publicly-traded special purpose acquisition company (SPAC), Tuesday announced a definitive agreement for a business combination that will result in Topps becoming a public company.