The future of ONE Championship is looking bright.
On Wednesday, the MMA promotion based out of Asia announced a new agreement with Sequoia India and Mission Holdings Group that will result in the company earning over $100 million in its six-year existence.
“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,” ONE CEO Chatri Sityodtong said in a press release.
ONE Championship plans to expand in the near future. The promotion hopes to start putting on more events and will begin to rival other top promotions like the UFC and Bellator with the total number of events they do in a year.
“In six short years, ONE Championship has become Asia’s top global sports brand in history,” Saurabh Mittal, the chairman of Mission Holdings, said.
“While we are delighted to have been a part of this journey as partners since the beginning, we are equally thrilled to have such a storied, successful venture capital firm like Sequoia join as fellow shareholders. 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.”
