Virat Kohli Investments: With big money comes big investment responsibilities. Many celebrities and big businessmen have invested in startups. Everyone knows Virat Kohli as a cricketer, but few people know Kohli as an entrepreneur. One of the most accomplished players, the Indian cricket team captain has invested in several startups like mobile gaming, fashion wear, and fintech. On Virat Kohli’s birthday, let’s take a look at his investments. Kohli began his investment journey at the age of 25 when he bought a stake in Sports Convo, a London-based social media startup.
Invested in Galactus Funware Technology in February 2019
In February 2019, the Indian cricket team captain invested in Galactus Funware Technology Pvt Ltd, a Bangalore-headquartered company that owns the online gaming platform Mobile Premier League (MPL). However, later this investment by him went into controversy. Conflicts of interest arose against Kohli as the company later became the official kit sponsor and business partner of the Board of Control for Cricket in India (BCCI).
According to a report in Indian Express, Kohli was allotted compulsory convertible debentures in Galactus Funware Technology Pvt Ltd for Rs 33.32 lakh and was named the brand ambassador of MPL in January 2020. Galactus is a subsidiary of M-League Pte Ltd, which is registered in Singapore.
Invested Rs 19.30 crore in Universal Sportsbiz
Universal Sportsbiz (USPL) is also included in Kohli’s investment portfolio. It is a fashion startup in which he invested Rs 19.30 crore in October 2020. Sports talent management firm, Cornerstone Sports LLP, which represents Kohli, also participated in the investment. According to a corporate ministry filing, USPL allotted 4282 shares to two investors at a nominal value of Rs 10 and a premium of Rs 47,561. Significantly, Sachin Tendulkar is also an investor in Universal Sportsbiz.
90 crore investment in health and fitness startup
Cricket also has a stake in a Bangalore-based health and fitness startup that has gyms and fitness centers across the country. According to Business Standard, Kohli had invested Rs 90 crore in the company in 2015.
The owner of the restaurant is Kohli
Not only this, but Kohli is also the owner of a restaurant. Located in RK Puram, Nueva, Kohli’s is a Muti-cuisine restaurant that serves South American cuisine inspired by Portugal, Italy, Spain, Japan, and other regions.
Kohli has also invested in this insurance company
Kohli’s most talked-about investment is in online insurance aggregator Digit Insurance, which was valued at $3.5 billion after a recent round of funding. Virat Kohli and his wife Anushka Sharma hold a 0.25 percent stake in Prem Vats-based fintech company with a total investment of Rs 2.2 crore. Also, Cornerstone, representing Kohli, has invested Rs 1 crore in Digit.
