Saurabh Mittal, the billionaire entrepreneur who founded Mission Holdings, has joined Asia’s largest global sports media property ONE Championship (ONE) as vice chairman, ONE said in a statement on Tuesday.
In his new role, Mittal will be responsible for strategic initiatives at ONE, helping it achieve its goal of becoming Asia’s first multi-billion dollar global sports media property.
Mittal previously served as a Partner at Farallon Capital Partners LP and as a senior partner at Noonday, an affiliate of Farallon Capital Partners. He also co-founded Indiabulls Group, a multi-billion dollar conglomerate in India.
Mission Holdings, his private global investment holding company, is based in Singapore and managed by Mission Holdings Management. The firm partners with entrepreneurs by providing both capital and input on strategy, and typically takes a majority stake in its core portfolio companies.
Focused on financial services, media, real estate and technology, Mission Holdings is an investor in brands such as ONE Championship, Incedo & BSI Financial Services.
“I am confident that Mittal’s vast expertise and experience will contribute significantly to ONE Championship’s success,” said Chatri Sityodong, chairman and CEO of the media property.
ONE Championship is the largest global sports media property in Asian history. Headquartered in Singapore, it hosts bouts across all styles of martial arts such as Muay Thai, Kickboxing, Karate, Kung Fu, Silat, Sanda, Lethwei, Mixed Martial Arts, Tae Kwon Do, Submission Grappling, among others.
In July last year, it secured a major equity investment led by venture capital firm Sequoia India and Mission Holdings, bringing its total funding raised to over $100 million.