In Abu Dhabi's IFC, Shikhar Dhawan's venture capital firm will establish a $75 million fund.

 SUMMARY: Yashaa Global Capital will fund sports technology firms in their early to growth stages that make use of data analytics, technology, and breakthroughs in fan interaction. The company is getting ready to launch its first capital call and intends to raise $75 million for its first fund. Indian startups will receive 30% of the investments. Over the next 45 to 60 days, Yashaa Global Capital will start investing $1 million to $5 million in businesses, with a particular emphasis on Asia.

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has granted the Financial Services Permission (FSP) to Yashaa Global Capital, a sports-focused venture capital fund that cricket player Shikhar Dhawan cofounded.The Financial Services Regulatory Authority (FSRA) of ADGM, Abu Dhabi's premier international financial hub, has granted the Financial Services Permission (FSP) to Yashaa Global Capital, a sports-focused venture capital fund. With this important milestone, the fund is formally established in ADGM, establishing Yashaa Global Capital as a driving force behind international investments in the quickly changing sports industry. Under the direction of General Partners Shikhar Dhawan, Mohammed Sirajuddin, Arif Padaria, and Dr. Victor Tay, the fund is a one-of-a-kind endeavor that blends a seasoned investing team with top athletes.Through development possibilities, strategic collaborations, and mentorship, this partnership aims to offer portfolio firms unmatched value by utilizing their vast networks and expertise in the sports ecosystem. The fund, which was formerly known as Da One worldwide Ventures, changed its name to better represent its worldwide goals and increased emphasis on wealth creation and innovation. With a $75 million corpus (including a $25 million greenshoe option), Yashaa Global Capital, with its headquarters located in Abu Dhabi, plans to invest globally in the following sectors: SportsTech, Fitness & Wellness, Esports & Gaming, MediaTech, and Leagues & Teams.