Shikhar Dhawan, India’s opening batter, has revealed the launch of a US$75 million world sports tech investment fund, with a greenshoe option of US$25 million.
The Abu Dhabi Global Market (ADGM) has accepted the multi-stage Da One Global Ventures (DOGV) fund, the first ever initiated by an Asian sports star.
DOGV will make investments in startups in the sports technology sector, including esports, gaming, and Web 3.0. In addition, the fund will establish a sports technology accelerator programme and an esports studio.
Dhawan’s new fund which was confirmed during Abu Dhabi Finance Week (ADFW), is set to launch in the first quarter of 2023.
Dhawan, said, “I am elated to start a new inning and embark on this journey in the world of venture capital. Da One Global Ventures 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.
“I have much gratitude to sports & I look forward to the contribution of this fund to the economic strength and growth of sports.”