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  • Shikhar Dhawan announces $75 million global investment sports tech fund

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    Shikhar Dhawan announces $75 million global investment sports tech fund

    The statement made during the annual Abu Dhabi Global Market Finance Week here revealed that the USD 75 million global investment funds have a USD 25 million greenshoe option.


    Digital Desk: Indian Cricket team’s opener, Shikhar Dhawan became the first sportsman from Asia to form a venture capital firm on Saturday. The fund would emphasise innovation across all sports.


    The statement made during the annual Abu Dhabi Global Market Finance Week here revealed that the USD 75 million global investment funds have a USD 25 million greenshoe option.


    In a release, Dhawan stated, "I am thrilled to start a new innings and embark on this journey in the world of venture capital.


    "Without the backing of my business partners and the founding team's dedication to this fund, all of this would not have been achievable in time for this week's announcement and the deployment that is planned for Q1 2023–2024."