It is expected to carry forward this momentum and touch the $4 billion mark by 2027. The boom has coincided with the rise of sportstech as a domain where technology is getting aggressively integrated into sports.
The domain received a fresh boost during the annual Abu Dhabi Finance Week where on day one Indian cricketer Shikhar Dhawan announced the launch of a global investment fund worth $75 million, a first such move by an Asian sportsperson. Da One Global Ventures (DOGV) marks a new innings for the swashbuckling left-handed opening batsman and occasional captain of the Indian national cricket teams. Dhawan also leads Punjab Kings in the Indian Premier League and Delhi in first-class cricket.
Talking about his avatar as an investor, Dhawan says he finds a lot of similarities between his two roles. "I believe in energy. My effort would always have been to share a lot of positive energy with others while maintaining my individuality. The collaboration and partnership with the right set of people to make the right move are critical," he says.
Aware that as a sportsman his career would have a limited span, he says it was very important for him to foray into and set up a parallel professional stream. "I am thankful to a very amazing team. To make it happen, my team invested a whole year for in-depth research and development," he adds.
DOGV: Plan and Potential According to Dhawan, DOGV will go beyond traditional investing models and will provide domain knowledge and unprecedented access to sporting ecosystems 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,” Dhawan asserts.
Bu hikaye Businessworld India dergisinin 14 Jan 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Businessworld India dergisinin 14 Jan 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.