Cricketer Shikhar Dhawan Announces 75-Million-Dollar Global Sports Fund
ABU DHABI, (IANS) – India opener Shikhar Dhawan on December 9 announced that he would be launching a $75 million Global Investment Tech Fund to focus on innovation across the sports spectrum.
The Fund, consisting of a green shoe option of $25 million, is the first organized VC fund by an Asian sportsperson.
“Da One Global Ventures 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.
The fund will also have other prominent sporting personalities from across the globe representing multiple sports as LP Ambassadors.