3, Feb 2023
Budget Reaction: Sangeet Shirodkar- CEO and Co-founder, 27th Sports
“The sports sector in India has been granted the largest budget allocation in its history and from a venture capital perspective will be positive as it is helpful towards entrepreneurs that are solving real pain points in the sports industry.
The massive increase of over 300 Crores in the Union Budget effectively shows a steady rise for the Indian Sports and Venture Capital Industry as it helps startups gain more support in funding and mentorship programs. The budget will help to focus specifically on emerging markets and sports such as cricket, golf, beach sports, and e-sports among others.
India’s growth being the highest among major economies is a powerful aspect that will aim to encourage participation of youth and women in the sports activities in our country.”