Centre Court Capital in talks with 10 firms to invest, signs first cheque to Stupa Sports

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₹28 crore at a valuation of ₹100 crore, said Gambhir, chief executive, Stupa Sports Analytics. “I've seen them (Stupa and its founders) evolve and grow and, in a way, there's a lot of comfort that exists from both sides. We like what Stupa is building and we've seen them transition from what they were initially, a couple of years ago, to where they are right now," Ghouse said.

"They are on to something unique. Bringing in a mix of technology, AI and analytics into training and competition assessment and stats. So, they are very much within our thesis and investment strategy," Besides, there aren’t too many players globally that Stupa has to compete with, which “obviously makes it interesting", he added.

According to Gambhir, Stupa had four clients in FY23, which has now more than tripled to 15, while revenues have jumped over 60%. “We are looking to close the current fiscal year with over 50 clients, and a substantial increase in revenue." Ghouse was drawn to sports-tech and gaming sectors during his previous stints, and had wanted to start a fund. “I started seeing the type of opportunities coming up in the early-stage venture space in technology businesses and sports and fitness, as well as gaming and eSports." "However, unlike the US and European markets, where many sector-focused funds were doing what I wanted to do, we didn’t have anything like that in India.

And I just felt that there was an opportunity here to be a first mover," he added. CCC will be looking at businesses that can scale, and allow it to add value, said Ghouse. “I think there's been a very big change in the way sports fitness and gaming has been looked at over the last four or five years, which is making it a lot more mainstream, and a lot more