Investments

Sony, Natekar Sports to invest $10m+ in World Pickleball League

SportzPower Team
May 09, 2024 21:05

MUMBAI: India’s growing reputation as a potential racquet sports hub is all set to get a massive boost with the launch of the World Pickleball League (WPBL), the first-ever professional pickleball league, envisaged by Natekar Sports and Gaming (NSG) and Sony Entertainment Talent Ventures India (SETVI).

NSG, is a company promoted by ‘former Davis Cup star and Arjuna Awardee Gaurav Natekar and his wife, ‘Arati Ponnappa Natekar, also a former India #1 in Tennis. SETVI is a joint venture between Sony Music Entertainment and Sony Pictures Entertainment.

Aug 27, 2018 17:08
Rooter logo
Rooter clinches Rs45m investment from Venture Catalysts
MUMBAI: Rooter, the Indian live sports social engagement startup has secured a Rs45 million investment in its pre-Series A round of fund raising from a consortium of investors called Venture Catalysts which included the likes of Aviva Life Insurance’s chief customer marketing and digital officer, Anjali Malhotra, Economic Times reports. 
Aug 22, 2018 16:08
Ronaldinho to invest $75m in US venture capital firm
SAO PAULO: Brazilian football legend Ronaldinho has come on board as an angel investor for US based venture capital firm 5xMais, It specializes in analysing the performance of start-up companies worldwide through artificial intelligence and works with athletes co-investing in them.
Aug 18, 2018 16:08
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Smaaash looking to raise Rs2bn+ from US investors: Report
MUMBAI: Smaaash Entertainment Private Limited, the Indian virtual sports and entertainment firm controlled by serial entrepreneur Shripal Morakhia, is planning to raise anywhere between $25 million (Rs 1.75 billion) and $30 million (Rs. 2.1 billion approx) from investors in the USA, Economic Times reports. 
Aug 17, 2018 17:08
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Coca-Cola takes aim at Gatorade with BodyArmor investment
NEW YORK: Coca-Cola has acquired a minority ownership stake in red-hot American sports drink sports brand BodyArmor, the ultimate aim being to make a dent in the overwhelming dominance that rival PepsiCo's Gatorade has in the high value segment.
Aug 17, 2018 17:08
Rooter selected for 2018 leAD Sports Accelerator program
NEW DELHI: Indian live sports social engagement platform Rooter has been chosen amongst the finalists of the 2018 leAD Sports Accelerator Program.  Under the program, leAD provides high-potential sports start-ups, from seed to fully-functioning profitable ventures, access to input sessions and opportunities for personal mentorship, strategic business networking, direct investment, and follow-up investment.
Aug 17, 2018 17:08
itf logo
ITF AGM clears Davis Cup reforms with 2/3 majority
LONDON: National tennis federations have voted overwhelmingly in favour of "transformational" proposals to revamp the Davis Cup and turn it into a season-ending 18-team event. A two-thirds majority among the 140 nations was needed at the International Tennis Federation's (ITF) annual general meeting.
Aug 08, 2018 18:08
Tokyo 2020 to get $121.7bn investment: Olympics Minister
TOKYO: Japanese Minister Shunichi Suzuki has claimed that hosting the Olympic and Paralympic Games in 2020 in the country would cost 1.35 trillion Japanese Yen ($121.7 billion), Japan Times reports. The city of Tokyo and the Organizing Committee of the Games will be contributing 600 billion Yen ($54 billion) each while the national government will be granting a subsidy of 150 billion Yen ($1.35 billion). 
Aug 07, 2018 15:08
Run Adam App logo
MS takes 25% stake in sporting talent app Run Adam
MUMBAI: Close to eight months after MS Dhoni announced that he was partnering Run Adam, the former India captain has taken a 25% stake in the analytics-based app that has the stated aim of supporting and developing sporting talent in India. 
Jul 31, 2018 17:07
Pvt equity firm Apax acquires sports data company Genius
LONDON: Private equity firm Apax Partners LLP Monday announced a definitive agreement to acquire sports data technology company Genius Sports Group.  The stake was acquired from Genius Sports' founders, management, funds advised by Three Hills Capital Partners and other minority shareholders. The transaction is expected to close in Q3 2018. Financial terms were not disclosed.
Jul 25, 2018 14:07
Tech industry vet Meg Whitman invests in eSports outfit Immortals
LOS ANGELES: Global eSports organization Immortals announced Tuesday that Meg Whitman, former CEO of Hewlett Packard and eBay, made a significant investment in the company, her first in eSports, and had been named to Immortals’ board of directors.  Neither the quantum of investment, nor the amount of stake Whitman was being offered, were disclosed.
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