Rajasthan Royals representing in IPL hit the jackpot this year. US-based Tiger Global Company has come forward to make a huge investment. A total of $650 million will be invested. In terms of Indian Rupees Rs. More than 320 crores.
Tiger Global has already supported several companies including Flipkart, Ola and Zomato. Recently, Rajasthan Royals is in talks with the management. It is reported that the deal is almost done. This is the first time that a tech investor is supporting a team in IPL.
After talks with many teams, the deal was finalized with Rajasthan Royals. Tiger Global will invest directly or indirectly. This company is based in New York, USA. So far it has invested in infra market, Delhivery and up stocks companies. Since the inception of the company till date around Rs. 50,000 thousand crores invested.
In 2021, US-based firm Red Bird Capital invested in Rajasthan Royals at a valuation of $250 million. IPL has become the second most valuable sports league in terms of matches. In terms of matches, the broadcast value per match is Rs. 107.5 crores. It is more than the English Premier League.