Advertisment

AbhinavBindra’s ‘Shooting Star’ to support Startup India

author-image
CIOL Writers
New Update
CIOL Abhinav Bindra's shooting star

Olympic gold medalist Abhinav Bindra is all set to try his hands at a new game. The ace shooter has set up an incubation fund, Shooting Star LLP, in partnership with consulting firm Franchise India that will invest in startups. Bindra has made an initial investment of $2 million towards the same.

Advertisment

Commenting on his new venture, Bindra said, "This is my first widespread and extensive business venture. A startup is very much like an athlete's life, there's no guarantee for success. There are only challenges but that's a life I've lived for the past 20 years.”

CIOL Abhinav Bindra's Shooting star

With this VC fund, Abhinav becomes the second major sports personality from India to have set up his own venture capital firm to invest in and promote startups. Last year, cricketer Yuvraj Singh started his own VC firm named ‘YouWeCan’ Venture. A few of its investments include Vyomo, Edukart, JetSetGo, Intelligent Interfaces among others.

Gaurav Marya, president of franchising and consulting firm Franchise India Holding, said that the fund will invest in scalable formats with specialised domain expertise in areas such as emerging sports academies, sports injury, rehab, tech, equipment and training, health apps, child development, holistic wellness, organic foods and dairy. “The focus of the fund will be services,” he added.

Abhinav Bindra holds a B.B.A. (Bachelor of Business Administration) from the University of Colorado, US. He is the CEO of Abhinav Futuristics, the sole distributor of Walther arms in India.

must-read