Shikhar Dhawan, а world-famous Indian cricketer and avid businessman, has based a brand new sports activities technology-oriented enterprise fund referred to as Da One International Ventures (DOGV). The $75-million entity will search to nurture innovation inside the sports activities sector.
DOGV Goes Dwell
As introduced, DOGV will probably be a multi-stage fund with a greenshoe possibility of $25 million. It can, moreover, be integrated into the Abu Dhabi International Market, which is named a flourishing and safe enterprise market.
Dhawan’s new enterprise is notably the primary VC fund organized by an Asian athlete, based on the announcement. The person behind the enterprise himself launched the crew that will probably be liable for working DOGV throughout the Abu Dhabi Finance Week.
As a cricket captain and a educated entrepreneur, Dhawan knew find out how to assemble a crew of execs because the fund’s basic associate. The folks chosen by the athlete have all the mandatory abilities to drive innovation throughout the sports activities, esports, gaming and web3 sectors.
Different respected athletes reminiscent of Dhawan will be a part of the corporate. Representing varied sports activities and leagues, these professionals will function DOGV’s ambassadors, serving to the enterprise enchantment to many sports activities ecosystems everywhere in the world.
Dhawan Spoke about His Imaginative and prescient
DOGV will embrace a SportsTech Accelerator and eSports Enterprise studio, in search of to drive development and innovation in each sports activities and esports. As well as, the brand new fund seeks to transcend conventional investing fashions. It was introduced that the enterprise will search to turn out to be a real trendsetter with regards to sports activities know-how enterprise capital.
Dhawan, who’s deeply invested within the sports activities sector, spoke about his imaginative and prescient and DOGV’s goal to help the expansion of the sports activities sector. The athlete famous that he’s very enthusiastic about his new endeavor and thanked the individuals who made the launch potential.
I’m elated to begin new innings and embark on this journey by way of the world of enterprise capital. All of that is solely potential with the help of my industrial companions, and the dedication of Da One International Ventures to the fund, readying for this week’s announcement and focused deployment in Q1 2023-24.
Shikhar Dhawan, founder, DOGV
Dhawan additionally spoke about sports activities know-how as a complete, saying that 2022 has been a really productive yr for the sector. He famous that over $12 billion have been invested in sports activities know-how, which exceeds the investments from the three prior years mixed. Dhawan reassured everybody that DOGV is in talks with many notable sports activities trade stakeholders and can ambitiously search to ascertain itself available on the market. He promised to share extra information at a later date.