The Indian Cricket Team is far more than just the field. Several Cricketers are prominent in the business sector as well. Top cricketers such as Sachin Tendulkar, M.S Dhoni and Virat Kohli have funded dozens of startups. And among these, we'd talk about Virat Kohli and his funded Startups.
Besides slaying on the field, Virat Kohli is well-established in the business sector also. He is counted among the investors of several Startups. Although he owns many brands also, such as Wrong. And recently, Kohli is seen to be engaged with several new startups. Some of which, he and his wife- Anushka Sharma have funded together. These Startups are the future of our country and Indian Cricketers are well known for this fact!
Virat Kohli has invested in many startups related to different sectors like health, insurance and tour and travel. Recently, in the fresh funding round of the Indian fintech startup Digit raised its valuation to $3.5 billion, after the investment done by Virat Kohli. Besides Digit, Kohli has invested in dozens of startups from all sectors. From Fashion to Insurance, Kohli has reached almost everywhere. In this article, we will discuss Virat Kohli and his funded startups. Let's get started!
Sport Convo
Sportsbiz
Galactus Funware Technology Pvt Ltd
Digit
Chisel Fitness
FAQ
Sport Convo
Sport Convo is a London-based social media startup, fascinatingly developed to minor the gap between Sports Players and their Fans. Virat Kohli invested in Sport Convo at the age of 25.
The startup is founded by Amrit Johal and Vishal Patel. Besides Virat Kohli, Sport Convo has several other investors also such as Praveen Reddy who is also the Co-founder of Sport Convo and Jasneel Nagi, the Chief Designer.
Virat Kohli finds this startup a very intriguing way to connect with his followers and the new ones. This startup is very beneficial for fans and sports lovers and this is what attracted the most to Virat Kohli and he invested in this company. Many other sportsmen are also intervening with Sport Convo for its investment venture.
Sportsbiz
Sportsbiz is a prominent Fashion startup that recently received funding of Rs. 19.3 crores by Cornerstone Sports LLP, representing Virat Kohli. In fact, Virat Kohli together with Cornerstone Sports firm holds a total of 4282 shares of the company. And the cost of each share is around Rs. 47,571 along with Rs 10 of nominal value.
Sportsbiz is a startup backed by Sachin Tendulkar and now, has one of its investors as Virat Kohli. Previously, Virat Kohli engaged with Sportsbiz for a promotional collaboration for their fashion brand.
Galactus Funware Technology Pvt Ltd
The Captain of the Indian Cricket Team, Virat Kohli has invested in the Bengaluru-based startup, Galactus Funware Technology Pvt Ltd. Virat Kohli invested in this startup in early 2019 and procured debentures worth Rs. 33.42 Lakh.
Virat Kohli signed a 10-year contract with the Galactus Funware Technology Pvt Ltd and was allotted compulsory convertible debentures worth Rs. 33.32 Lakh. After 10 years, he would be holding a 0.051 stake in the company along with a 1:1 conversion ratio. In other words, Virat Kohli will receive one share for each compulsory convertible debenture (CCD).
Digit
Digit is a Pune-based insurance startup founded by Kamlesh Goyal. Digit insurance startup company is backed by Fairfax Group in Canada, owned by Indo-Canadian Prem Watsa and headquartered in Toronto. Digit opened a first-ever finding round of investment. Although in their previous two rounds, they raised Rs. 990 Crore.
In the latest funding round, Virat Kohli along with his wife Anushka Sharma invested in Digit with a funding of Rs. 2.2 Crore. Kohli holds a share worth Rs. 1.73 crore while Anushka Sharma holds Rs. 43 lakh.
The couple holds a share worth 0.25% in the country. Besides this, Cornerstone Sports LLP which represents Virat Kohli has also invested Rs. 1 crore in Digit. Moreover, the employees of the company have also invested in the funding round of Digit with more than Rs. 30 Crore.
Chisel Fitness
Chisel Fitness is a Bengaluru-based startup that specialises in the fitness of the Corporate sector. Virat Kohli is now all set to begin his chain of gyms and fitness centres. These gyms will be inaugurated under the name of Chisel Fitness company.
These gyms will be established in numerous locations with different sizes and facilities based on the area. Moreover, International sports experts will also guide in these gyms.
Conclusion
Many notable sportsmen such as Kapil Dev and Sachin Tendulkar have invested in dozens of startups. And with the growing startup culture in India, the Indian Cricket Team Captain Virat Kohli has also joined the club and has invested in many startups.
The 32-year-old Delhiite who is known for his tremendous performances on the field and has emerged as one of the finest sportsmen, Virat Kohli owns several brands and from the past few years, has been investing in the emerging startups in India, in all categories. Stay tuned for more updates!
FAQ
What is net worth of Virat Kohli?
Virat Kohli is the third richest cricketer in the world with a net worth of Rs 638 crore.
What is the age of Virat Kohli?
Virat Kohli was born on 5 November 1988 and is 32 years old.
Author: Pratyusha Srivastava
Source : https://startuptalky.com/virat-kohli-funded-startups/
Date : 2021-07-17T05:30:00.000Z