India, March 19 -- Yashaa Global Capital, a sports-focussed venture capital fund cofounded by cricketer Shikhar Dhawan, has received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

With this, the firm can establish its first fund in the leading international financial centre of Abu Dhabi. Yashaa Global Capital was launched two years ago as Da One Global Ventures. Now, with the necessary licences secured, the firm is set to begin operations under its new identity.

Founded by Dhawan, Mohammed Sirajuddin, Arif Padaria, and Dr. Victor Tay, the firm plans to raise $75 Mn for its maiden fund. It is preparing to initiate a call for capital, and claims to have al...