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.

Feb 08, 2019 14:02
MUMBAI: Online business insights platform Paper.vc has revealed that Indian eSports company Vidooly Media Tech has acquired Rs 150.8 million from a Series C round of funding involving Times Internet and Alibaba’s Netherlands subsidiary, amongst other companies.
Feb 08, 2019 13:02
NEW DELHI: The Sports Ministry has revealed that it has provided funding worth Rs 350 million from the National Sports Development Fund (NSDF) for the Sports Authority of India’s Target Olympic Podium Scheme (TOPS) in the ongoing financial year.
Feb 07, 2019 18:02
NEW DELHI: Football Sports Development Limited (FSDL), a Reliance and Star India co-owned joint venture that organises the Hero Indian Super League, is set to open bids later this month for two new franchises to join the ISL. It bears noting that FSDL first floated a tender for new ISL teams through ‘Invitation To Bid’ (ITB) in May 2017.
Feb 07, 2019 13:02
NEW DELHI: The AAP government in Delhi has confirmed that it will be investing Rs 1.4 billion in constructing an 18.2-acre sports complex in Kair Village in Najafgarh, an area where former Indian opening batsman Virender Sehwag hails from originally. The state minister of transport and revenue, Kailash Gahlot confirmed the development on his official Twitter handle which read:
Feb 06, 2019 15:02
MUMBAI: Hero Caribbean Premier League franchise St Kitts & Nevis Patriots will be under new ownership for the upcoming CPL. City Sports, Hong Kong - part of the City Group of companies, bought the franchise from businessmen Uday Nayak and Mohammed Ansari, who owned the team in partnership with the government of St Kitts & Nevis.
Feb 06, 2019 14:02
NEW DELHI: FC Basel Holding AG announced on Wednesday it is taking a minority stake (emphasis ours) in Chennai City FC (CCFC).  According to the deal, FC Basel Holding AG will acquire a 26% stake in the I-League club and will see the Swiss club lend technical expertise and knowledge to their Indian counterparts.
Feb 05, 2019 13:02
HYDERABAD: The Pullela Gopichand Badminton Foundation (PGBF) has agreed to a new partnership with Kotak Mahindra Bank, one of India’s leading private sector banks for the upgrading of the Gopichand Academy in the city, The Hindu BusinessLine reports.
Feb 05, 2019 12:02
MUMBAI: Chennai City FC are all set to announce a major investment from Swiss club FC Basel into the current I-League table-toppers, The Fan Garage reports. 
Feb 02, 2019 12:02
ADELAIDE: The South Australian city of Adelaide is set to be added by Tennis Australia in the ATP calendar from next year, as the city is likely organise the first-ever, week-long ATP and WTA combined tennis tournament.
Feb 01, 2019 20:02
MADRID: LaLiga and the Global Sports Innovation Center powered by Microsoft (GSIC) have announced the 2019 Startup Competition of The Original Inspiration Centre by LaLiga supported by GSIC, a joint initiative to identify the best technological developments in the sports and entertainment industry.