International Cricketer Shikhar Dhawan announced a new $75 million Global Investment Fund. It also includes a $25 Million greenshoe option.
This multi-stage fund is focused on innovation across all sports. This is the first VC fund to be organized by an Asian Sportsperson and the first ever by an Indian Celebrity.
ADGM is home to a growing number of regional, national and international financial and other institutes. This vibrant business ecosystem is supported by innovation and a strong regulatory framework.
Shikhar Dhawan and his partners and team announced the LP-GP Summit at 256 Network (A private organization of LPs/GPs around the world) on Monday 14th February 2022.
This was to an audience of global financial market leaders representing a broad range of backgrounds. They gathered at ADGM in order to discuss strategic macroeconomic topics and financial topics that will shape the industry, region, and global perspectives for the future.
As is the LP community, global funds will be deployed. Other prominent athletes from around the Globe will be LP Ambassadors for the fund. Da One Global Ventures (DOGV), a unique network of GPs and LPs, will give unprecedented access to an international ecosystem that will enable new and unique positioning.
Shikhar Dhawan is a famous Indian cricketer. He was a left-handed opening batsman, and occasionally a captain of the Indian national cricket teams. He currently captains the Punjab Kings in the Indian Premier League as well as Delhi in first-class cricket. In 2021, President awarded Shikhar Dhawan the prestigious Arjuna award for his outstanding contributions to the Indian Men’s National Cricket Team.
“I am elated to start a new inning & embark on this journey in the world of venture capital. All this would not have been possible without the support of my commercial partners and the founding team’s commitment to this fund, in readiness for this week’s announcement and targeted deployment in Q1 2023-24,” said Shikhar Dhawan.
He added, “Da One Global Ventures (DOGV) will go beyond traditional investing models and will provide domain knowledge 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.”
Sports tech saw investments of over $12 billion in this year’s fiscal year. This is more than the sum of the three previous years, and there are multiple segments that show rapid growth in this dynamic sector.
Da One Global Ventures is currently in active discussions across the globe with relevant stakeholders. Further developments will be announced as they become available. Da One Global Ventures will also incubate a SportsTech Accelerator & eSports Venture Studio as distinct verticals within its platform.
