logo
Virat Kohli Joins World Bowling League as Strategic Investor

Virat Kohli Joins World Bowling League as Strategic Investor

Entrepreneur5 days ago

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Indian cricketer Virat Kohli has joined the World Bowling League (WBL) as a strategic investor, marking a significant step in reimagining the future of bowling as a global sport. Kohli's investment aligns with WBL's bold vision to modernise bowling through mixed-gender teams, electrifying global events, and an immersive spectator experience.
Founded by Adi K Mishra, the World Bowling League aims to turn bowling into a mainstream, high-energy sport with franchises and professional athletes at the forefront. The league recently launched its first team, Team OMG, owned by MLB star Mookie Betts.
"I started bowling when I was 11 years old, spinning the ball by 12," said Virat Kohli. "It is evident how popular the sport is while being underappreciated as a business proposition. Adi's vision to redefine bowling is unique. After our success with Team Blue Rising in the E1 Series, I'm thrilled to join the WBL as an investor and partner."
Kohli, one of the most followed athletes globally, brings significant influence to the league's efforts to engage new fans and inspire the next generation of bowling enthusiasts.
"Elite-level bowling is full of nuance and challenge," said Adi K Mishra, Founder and CEO of League Sports Co. "Discovering Virat's interest in bowling made this collaboration even more special. His passion and sportsmanship are perfectly aligned with what we're building."
With plans to unveil more franchises soon, the WBL is poised to create a fresh cultural moment around bowling—one that blends competition, entertainment, and global appeal.
The World Bowling League is an innovative global sports league dedicated to transforming bowling into a dynamic, spectator-driven experience through cutting-edge formats and iconic venues.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Brookfield-Backed Leela Luxury Hotels to Begin Trading in India
Brookfield-Backed Leela Luxury Hotels to Begin Trading in India

Bloomberg

time26 minutes ago

  • Bloomberg

Brookfield-Backed Leela Luxury Hotels to Begin Trading in India

The operator of the Leela luxury hotels will begin trading in Mumbai on Monday after completing India's second-largest initial public offering this year. Schloss Bangalore Ltd., which is owned by Brookfield Asset Management Ltd., sold its shares at 435 rupees apiece, the top end of their marketed range. The IPO raised 35 billion rupees ($409 million), second only to Hexaware Technologies Ltd.'s billion-dollar deal this year in India.

Blue Dart Express Ltd (BOM:526612) Q4 2025 Earnings Call Highlights: Navigating Growth Amidst ...
Blue Dart Express Ltd (BOM:526612) Q4 2025 Earnings Call Highlights: Navigating Growth Amidst ...

Yahoo

time39 minutes ago

  • Yahoo

Blue Dart Express Ltd (BOM:526612) Q4 2025 Earnings Call Highlights: Navigating Growth Amidst ...

Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Blue Dart Express Ltd (BOM:526612) reported a revenue from operations of INR57,202 million and a profit after tax of INR2,446 million for the year ended March 31, 2025. The company was recognized for excellence in customer service, sustainability, compliance, and brand loyalty, and was awarded for its customer-centric approach and operational excellence. Significant investments made in the previous year have been well operationalized, contributing to positive growth in both revenue and volumes. The company has maintained a strong position in pricing, successfully implementing price increases with both large and small players. Blue Dart Express Ltd (BOM:526612) has achieved optimal utilization levels for its freighters, indicating efficient use of resources. Margins have decreased in the fourth quarter compared to the third quarter, attributed to the incremental costs of new aircraft and lower business days. The EBITDA margin has declined from 10.5% in the previous year's fourth quarter to 8.3% in the current quarter. The company's return on capital employed (ROCE) is at a decade low, excluding the COVID-19 period, due to investments in owned assets. There is a noted contraction in gross margins from 43.2% to 41.4% year-over-year, despite price increases. The volume growth has not fully translated into revenue growth, indicating challenges in price realization across the board. Warning! GuruFocus has detected 2 Warning Signs with BOM:532859. Q: Can you provide the volume data for this quarter? A: We had 9,191.94 million shipments for the quarter with a weight of 331,101 tons. - Interim CFO, Sagar Patel Q: Why have margins decreased this quarter compared to the third quarter? A: The third quarter typically sees higher volumes due to the festive season, which tapers off in the first quarter. Additionally, the operationalization of new aircraft has increased costs, impacting margins. - Interim CFO, Sagar Patel Q: What is the outlook for growth and EBITDA margins, and why were margins down to 8.3% from 10.5% last year? A: Investments made last year have increased costs, but as customers recognize improved transit times, pricing will develop, and margins are expected to improve. - Interim CFO, Sagar Patel Q: How much CapEx will be undertaken, and how will the new Guwahati hub contribute to growth? A: CapEx will focus on replacement, upgrading, and expanding capacities. The Guwahati hub will help utilize aircraft effectively, with significant volume improvements from the Northeast. - Interim CFO, Sagar Patel Q: Are the new freighters operating at optimal utilization, and is there room for growth? A: The freighters have reached optimal utilization levels, similar to the earlier fleet, with utilization between 85% to 90%. - Interim CFO, Sagar Patel For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

TCI Express Ltd (NSE:TCIEXP) Q4 2025 Earnings Call Highlights: Strategic Expansions and ...
TCI Express Ltd (NSE:TCIEXP) Q4 2025 Earnings Call Highlights: Strategic Expansions and ...

Yahoo

time39 minutes ago

  • Yahoo

TCI Express Ltd (NSE:TCIEXP) Q4 2025 Earnings Call Highlights: Strategic Expansions and ...

Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. TCI Express Ltd (NSE:TCIEXP) has maintained a strong focus on expanding its multimodal and service portfolios, which is expected to enhance operational efficiency. The company has invested in an asset-light model, allowing for greater flexibility and cost management. There is a strategic emphasis on automation and network management, which is anticipated to improve service levels and operational efficiency. TCI Express Ltd (NSE:TCIEXP) has shown resilience in maintaining profitability despite challenging market conditions. The company is actively investing in logistics centers and daily transport services, which could lead to improved service delivery and customer satisfaction. The company faces challenges with rising operational costs, particularly in labor and transportation. There is significant pressure from inflation, which could impact profit margins if not managed effectively. TCI Express Ltd (NSE:TCIEXP) is experiencing competitive pressures in the e-commerce segment, which may require strategic adjustments. The company has noted difficulties in maintaining consistent growth in certain market segments due to external economic factors. There is a need for continuous investment in technology and infrastructure to keep up with industry standards, which could strain financial resources. Warning! GuruFocus has detected 1 Warning Sign with NSE:TCIEXP. Q: Can you provide insights into the company's strategy for automation and its impact on operations? A: The company is focusing on automation to enhance operational efficiency. The implementation of automated systems is expected to reduce labor costs and improve service levels. This strategic move is aimed at addressing challenges in the labor market and optimizing resource utilization. (Respondent: Unidentified_2) Q: How is TCI Express planning to expand its network and what are the expected benefits? A: TCI Express is expanding its network by investing in new centers and enhancing existing facilities. This expansion is expected to improve service coverage and operational efficiency, ultimately leading to increased market share and customer satisfaction. (Respondent: Unidentified_2) Q: What is the company's approach towards the e-commerce segment, and are there any strategic changes planned? A: The company is focusing on strengthening its presence in the e-commerce segment by enhancing its quick commerce fulfillment capabilities. This involves strategic investments in infrastructure to support the growing demand in this sector. (Respondent: Unidentified_2) Q: How is TCI Express addressing the challenges posed by rising costs, particularly in logistics? A: TCI Express is implementing cost-control measures and optimizing its logistics operations to mitigate the impact of rising costs. The company is also exploring strategic partnerships to enhance its service offerings and maintain competitive pricing. (Respondent: Unidentified_2) Q: What are the company's future projections regarding market trends and growth opportunities? A: TCI Express is optimistic about future growth opportunities, particularly in the logistics and e-commerce sectors. The company is focusing on leveraging market trends to expand its service portfolio and enhance customer engagement. (Respondent: Unidentified_2) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store