ONE Championship has secured a significant equity investment led by Sequoia India and Mission Holdings, bringing its total capital raised to $100 million. New and existing investors also participated in this investment round.
This equity investment will further solidify ONE Championship’s dominant market leadership position in the sports media industry in Asia and accelerate its global growth. The Singapore-based mixed martial arts promotion’s chairman and chief executive officer Chatri Sityodtong stated, “I am thrilled to announce this partnership with Sequoia.”
“Our mission is to unleash superheroes across Asia to ignite inspiration, hope, strength, and dreams across all segments of society,” Sityodtong continued. “As one of the most successful venture capital firms in the world, Sequoia has an unparalleled track record of partnering with early stage companies and helping to build them into global market leaders.”
For Heliconia Capital Management CEO Derek Lau, the timing was perfect. He said the investment firm is pleased to welcome Sequoia India as a fellow partner in ONE Championship.
“ONE Championship is now well-positioned to extend its leadership as the largest sports entertainment platform in Asia,” Lau said. “We really look forward to working with Sequoia to support Chatri and his fantastic team.”
Sityodtong is confident that Sequoia India’s expertise, network and resources will contribute significantly to ONE Championship’s success. He shared, “I am thrilled that Sequoia, Mission Holdings, and Heliconia Capital Management believe in both our mission of unleashing superheroes and our goal of becoming Asia’s first multibillion dollar sports media property.”
The combination of Sequoia, Mission Holdings and Heliconia Capital Management creates a meaningful competitive advantage for ONE Championship, according to Sityodtong. Sequoia Capital (India) Singapore Pte. Ltd. managing director Shailendra J. Singh described ONE Championship as “a pioneer and major driving force of the martial arts industry in Asia with surging popularity across major countries”.
Mission Holdings chairman Saurabh Mittal added that in six years, ONE Championship managed to become Asia’s top global sports brand in history. He said, “With this equity investment led by Sequoia and Mission Holdings, ONE Championship is well on its way to becoming Asia’s first multibillion dollar sports media property.”
CONAN Daily 