Investments

MUMBAI:  Esports media platform TalkEsport announced Wednesday the successful closure of its pre-series A funding round, securing an investment of $1 million from Saswat Ventures. 

The investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

Jun 24, 2019 15:06
LAUSANNE: The International Olympic Committee (IOC), The Coca-Cola Company and China Mengniu Dairy Company Ltd Monday announced that they have signed the first-ever Joint TOP Partnership Agreement. The partnership combines the non-alcoholic beverage and the dairy categories into a new joint category, and brings Chinese dairy company Mengniu into the family of Worldwide TOP Partners.
Jun 08, 2019 16:06
MUMBAI: Rocco B. Commisso, the billionaire owner of Mediacom Communications, acquired Italian football club Fiorentina on Thursday from billionaire brothers Andrea and Diego Della Valle. Financial details were not disclosed but Italian media reports peg the purchase price at between $150 million and $200 million.
Jun 01, 2019 19:06
MUMBAI: It was on May 8 that SportzPower first broke the news that in-principal agreement on the quantum of stake that City Football Group (CFG), owners of Premier League giants Manchester City FC, will take in Indian Super League franchise Mumbai City FC had been reached.
May 30, 2019 19:05
SAN FRANCISCO: Heading into the FIFA Women’s World Cup France 2019, Visa Thursday announced an expanded commitment to women’s soccer, leveraging the brand’s sponsorship platform to inspire women athletes amidst the global gender equality and women’s empowerment movement.
May 29, 2019 17:05
LOS ANGELES: A larger than life legend whose legacy extends well beyond the ring, Mike Tyson has already conquered the physical world of sports: Now, he's getting involved in the virtual one, too. The former world heavyweight champion's company Tyson Ranch (TR) has made a substantial investment in the eSports team Fade 2 Karma (F2K), in a freshly-inked deal announced Tuesday.
May 26, 2019 19:05
MUMBAI: Tablez, a leading organized retail group, has partnered with the French global sporting retailer, GO Sport, to open the first sports superstore in India at Seawoods Grand Central Mall, Navi Mumbai. The brand will host a multitude of sports brands under one roof, making it the first multi-sport and multi-brand destination for sports enthusiasts.
May 25, 2019 13:05
LONDON: HYPE is ready to unleash the "next unicorns of sports innovation" with the launch of a $75 million capital fund with Uli Becker, ex-president of Reebok and Bernd Wahler, former president of VfB Stuttgart who also served as Adidas CMO.
May 24, 2019 16:05
LONDON: Leading international football-tech company PlayerMaker Thursday announced that former Arsenal football manager Arsène Wenger will be joining as an investor and operating partner.
May 22, 2019 10:05
MUMBAI: GroupM Asia Pacific has promoted GroupM South Asia COO Prasanth Kumar (PK), to CEO.
May 20, 2019 17:05
BRIDETOWN, Barbados: Following the exit of fugitive Indian businessman Vijay Mallya, the Barbados Tridents have a new ownership team in place who have taken over the running of the franchise with immediate effect. The USA-based CMG Companies (CMG) leads a team of local and international investors in the acquisition of the cricket franchise in Barbados.