Yashaa Global Capital has officially received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to establish a global sports venture capital fund. This milestone positions Yashaa Global Capital as a significant player in the rapidly growing sports investment sector

The fund is led by General Partners Shikhar Dhawan, Mohammed Sirajuddin, Arif Padaria, and Dr. Victor Tay. It combines a seasoned investment team with renowned athletes, creating a unique opportunity to leverage their vast networks and expertise in the sports industry. Previously known as Da One Global Ventures, the fund has been rebranded to better reflect its global ambitions and focus on innovation and wealth generation.

Headquartered in Abu Dhabi, Yashaa Global Capital aims to raise a targeted corpus of $75 million, which includes a $25 million greenshoe option. The fund will invest in various sectors such as SportsTech, Fitness & Wellness, Esports & Gaming, MediaTech, and Leagues & Teams. By utilizing ADGM’s status as a premier financial center, the fund seeks to connect global investors with startups and sports entrepreneurs, driving innovation and growth in the sector.

Shikhar Dhawan stated, “ADGM’s stable regulatory environment and strategic location at Capital of Capital Abu Dhabi, make it the perfect base for our fund.” He emphasized that this initiative provides an exciting chance to create a global impact and enhance the sports entrepreneurship landscape.

Mohammed Sirajuddin shared his vision, highlighting that the sports business is undergoing a transformative phase, becoming more globalized and technology-driven. He noted that this fund aims to bridge the gap in the Asian market, where sports-focused funds are currently limited.

AB de Villiers expressed pride in being associated with this visionary fund, indicating its potential to reshape global investments in sports, esports, and gaming.

ADGM’s Chief of Market Development, Arvind Ramamurthy, remarked on the significance of this venture, stating that it reflects ADGM’s commitment to supporting innovative industries while providing a robust regulatory environment for venture funds like Yashaa Global Capital.

Yashaa Global Capital is set to redefine the sports and esports investment landscape, aspiring to create a sustainable ecosystem that supports entrepreneurs and stakeholders worldwide.