Shikhar Dhawan launches 75 million dollars global investment sports tech fund

Indian cricket opener Shikhar Dhawan became the first Asian athlete to launch a venture capital fund that will focus on innovation across the sporting spectrum.

The 75 million dollars Global Investment Fund consists of a new 25 million dollars call option, according to the announcement made during ADGM's annual funding week here.

"I am delighted to embark on a new round and embark on this journey in the world of venture capital," Dhawan said in a statement.

“All of this would not have been possible without the support of my business partners and the founding team's commitment to this fund, in preparation for this week's announcement and targeted release in Q1 2023 to 24.

First sports city in Metaverse
In July, Dhawan partnered with Bliv.Club, a Web3 fintech company, and WIOM, a Web3 Metaverse company, to launch the first Metaverse Sports City. The Sports City is expected to be home to cricket grounds, sports cafes, a sports complex, esports areas, jogging tracks, sports cabins, gyms, a 3D sports museum and a sports library.

Da-One group
In addition, earlier this year it also launched the Da-One group of companies, which focuses on sports, technology, entertainment, and the startup ecosystem. The company is currently in active discussions with various stakeholders and will also encompass segments such as SportsTech Accelerator and eSports Venture Studio within its platform.