IPL: Manoj Badale co-founded Blenheim Chalcot, a venture capital firm based in the United States.
According to ET reports, investment firm Tiger Global is in talks with Rajasthan Royals to acquire stakes in the IPL franchise. The company aims to invest $40 million (₹330 crore) into the franchise. The report states that Tiger Global is proposing a significant valuation of $650 million (₹5,382 crore) for Rajasthan Royals, the winner of the inaugural season of IPL in 2008. Manoj Badale, a businessman based in the United Kingdom, holds a majority stake in the franchise.
As per the newspaper, the company has the option to either directly invest money or support one of its shareholders.
Manoj Badale currently holds a 60 percent stake in Rajasthan Royals. However, it is important to note that the deal has not been finalized yet.
Who is Manoj Badale?
Manoj Badale co-founded Blenheim Chalcot, a venture capital firm based in the United States, in 1998.
The company holds a portfolio worth over £350 million and manages assets amounting to £800 million (₹8,200 crore).
Blenheim Chalcot boasts a workforce of over 3,000 employees and has made investments in 40 companies.
Manoj Badale was born in Dhule, Maharashtra, India. He completed his education at Jai Hind High School and went on to graduate with a degree in economics from Cambridge University.
Manoj Badale was born in Dhule, Maharashtra, India. He completed his primary education at Jai Hind High School in Dhule and went on to pursue a degree in economics at the University of Cambridge.
Manoj Badale’s reported net worth is approximately $160 million. If the deal goes through, it is expected that his net worth will increase.