Investments

US pro pickleball assn signs first international deal in India

SportzPower Team

Apr 26, 2024 20:04

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DALLAS, TX: Pickleball, billed as America’s fastest-growing sport, is going after a new frontier - India. The United Pickleball Association (UPA), which was created after a merger between Major League Pickleball and the Professional Pickleball Association in the US last February, and India-based Global Sports have inked a deal to bring the PPA Tour and Major League Pickleball to the country.

As a part of the partnership, the organizations will launch key initiatives to the country, promoting the rapidly-growing sport to a young market.

Apr 01, 2021 16:04

UFC, IMG owner Endeavor revives IPO plans

BEVERLY HILLS, Calif.: Endeavor Group Holdings Inc, a global entertainment, sports and content company that owns talent agency WME, the Ultimate Fighting Championship (UFC), and IMG, announced Wednesday that it has filed a registration statement with the US Securities and Exchange Commission (SEC) relating to its proposed initial public offering.

Mar 25, 2021 15:03

Fanatics valuation hits $12.8bn post $320m funding round

NEW YORK: Sports merchandise behemoth Fanatics has doubled its valuation in just eight months, on the back of a fresh $320 million funding round. CNBC reported on Wednesday (March 24) that Fanatics’ valuation has risen from the $6.2 billion it was worth last August to $12.8 billion today after the e-commerce giant completed a fresh $350 million Series E round.

Mar 24, 2021 17:03

Dream Sports raises $400m in fresh funding at $4bn+ valuation

MUMBAI: Dream Sports, parent company of India's leading fantasy sports platform Dream11, has raised $400 million in a new financing round. With this funding, which didn’t include issuance of any new shares, Dream Sports is now valued at an incredible $4 billion+, just six months after it raised $225 million at a $2.5 billion valuation.

Mar 24, 2021 17:03

Bruin Sports Capital acquires 50% stake in TGI Sport for $100m

NEW YORK: US-based sports media investment company Bruin Sports Capital (Bruin) has reached agreement with Quadrant Private Equity (Quadrant) to become a 50% stakeholder of global sports technology, media, and marketing company, TGI Sport (TGI).

Mar 24, 2021 16:03

Mondelēz acquires UK's leading protein bar brand Grenade

CHICAGO: US-based global snacks major Mondelēz International Tuesday announced an agreement to acquire a significant majority interest in UK's leading protein bar brand Grenade, in a deal worth a reported $ 274 million.

Mar 23, 2021 18:03

Sportradar acquires US college sports data provider Synergy Sports

NEW YORK: Sportradar, the world’s leading provider of sports data intelligence and sport entertainment solutions, has entered into a definitive agreement to acquire Synergy Sports, pioneers in automated sports technology solutions and the market leader in data and video analytics in the US College and Professional sports space.

Mar 19, 2021 14:03

Sevilla FC, FC Bengaluru United activate 5-yr deal

BENGALURU: Further to the Memorandum of Understanding signed earlier this year, Sevilla FC and FC Bengaluru United have formalised their agreement to collaborate for the next five years.

Mar 18, 2021 18:03

Delhi Capitals signs on Horizm to manage digital inventory

NEW DELHI: Indian Premier League franchise Delhi Capitals has signed on Horizm, the award-winning providers of digital inventory management, to boost their digital media returns.

Mar 18, 2021 13:03

Nutrition brand OZiva raises $12m, to enter new product categories

MUMBAI: Plant-based nutrition brand OZiva has raised $12 million in a Series B round led by new investor Eight Roads Ventures, with participation from F-Prime Capital and existing investor Matrix Partners India. It is worth noting that just ahead of the official announcement around the fund raise, OZiva signed on Hindi film A lister Deepika Padukone as brand ambassador.

Mar 18, 2021 12:03

1st IPO from an Indian gaming co. heavily oversubscribed

MUMBAI: The initial public offering of India-based gaming and sports media platform Nazara Technologies was subscribed 6.89 times by the Thursday morning, March 18, the second day of the IPO's opening, Moneycontrol reports. The IPO closes for subscription on Friday, March 19.

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