Investments

Gaming start-up LightFury secures $8.5m seed funding

SportzPower Team

Apr 18, 2024 20:04

Read more about Gaming start-up LightFury secures $8.5m seed funding
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LightFury Games, a gaming startup launched by Karan Shroff, former chief marketing officer of Unacademy, has secured $8.5 million in its seed funding round led by Blume Ventures, MIXI,Gemba Capital, and Angels, with participation from other investors such as Cred’s Kunal Shah, and Unacademy’s Gaurav Munjal.

The company plans to deploy the capital into building high-quality AAA titles in India, with an initial focus on mobile gaming and gradually expand into other gaming platforms including consoles.

Nov 13, 2023 18:11

New IPL franchise makes bid for Yorkshire County: Report

A new investment bid for Yorkshire County Cricket Club has been received from an Indian Premier League franchise that rivals Mike Ashley's move to buy the Headingley Stadium, UK's The Times reports.

Nov 10, 2023 18:11

Game Theory acquires sports analytics startup Matchday.ai

Real sports gaming platform Game Theory has acquired sports analytics startup Matchday.ai. Details of the acquisition, which is effective October 28, were not disclosed.

Nov 08, 2023 19:11

Legends announces acquisition of ASM Global

NEW YORK: Legends and ASM Global Tuesday announced the signing of a definitive agreement under which Legends will acquire ASM Global to create a premium live events company dedicated to providing outstanding experiences for fans around the world.

Nov 08, 2023 19:11

Tiger Woods announced as player-owner of 6th TGL team Jupiter Links

TGL - the new tech-based golf league developed by Tiger Woods’ and Rory McIlroy’s TMRW Sports Group - announced Tuesday that the golfing superstar's TGR ventures has partnered with pro sports mega owner David Blitzer in the formation of Jupiter Links Golf Club. Tiger was also named as the first player on the roster of Jupiter Links, the sixth and final franchise for TGL's inaugural season.

Nov 08, 2023 18:11

Havas acquires majority stake in PR Pundit

Havas has acquired a majority stake in PR Pundit. This marks the debut of Havas Red, a Havas global PR network, into the Indian market. On closing, the firm will be rebranded PR Pundit Havas Red.

Nov 07, 2023 19:11

Lalit backs Saudi money in IPL, sees scope for secondary league

IPL founder Lalit Modi has welcomed reports that Saudi Arabia is interested in investing in the cash awash Indian Premier League. According to a Bloomberg report, Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion.

Nov 07, 2023 18:11

Better Collective to buy Playmaker Capital for €176m

TORONTO: Sports media group Better Collective has agreed to buy Canadian digital sports media company Playmaker Capital for €176 million ($188m) in a deal that will nearly double its audience across the globe.

Nov 06, 2023 18:11

Saudi Arabia interested in buying minority stake in IPL: Report

Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world's richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter. Per the report, Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion.

Nov 03, 2023 20:11

Punit Balan Group buys team in World Tennis League

NEW DELHI: The Punit Balan Group (PBG) has announced its participation in the second season of the World Tennis League (WTL). The star-studded team named PBG Eagles will be led by the World No. 3 ace tennis player Daniil Medvedev.

Nov 02, 2023 19:11

Disney to complete buyout of Comcast stake in Hulu for $8.6bn

BURBANK, Calif.: The Walt Disney Company announced Wednesday that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.’s NBC Universal (NBCU), following Comcast’s November 1 exercise of its right under the put/call arrangement between the two companies.

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