Indian cricketer Shikhar Dhawan launched $75 million sportstech fund

Indian cricketer Shikhar Dhawan announced a $75 million global investment fund to invest in sportstech startups, with a $25 million greenshoe option.

Shikhar Dhawan has become the first Asian athlete to launch a venture capital fund. “I am overjoyed to begin a new chapter and embark on this journey in the world of venture capital,” Dhawan said in a press release. The fund, according to the Indian cricketer, will be deployed in the first quarter of 2023-24. Dhawan became the first Asian sportsperson to launch a venture capital fund to invest in startups with the fund. The fund is the second in about a year, with Dream Capital launching a $250 million fund last August.