The bid winners of the eight franchises of the league, which is scheduled to be held in September-November, was announced here by organisers IMG-Reliance after evaluation of the bids by a seven-member panel.
Indian cricket legends Sachin Tendulkar and Sourav Ganguly were among the host of high-profile winning bidders, which also include Bollywood stars Ranbir Kapoor, Salman Khan and John Abraham, for the league that is set to take Indian football by storm.
"We look forward to developing the Kochi club in the Indian Super League and are proud to partner with one of India's greatest sportsmen, Sachin Tendulkar, in our efforts. We will tap the potential talent as also channelize the fervor and passion for football across the country to enhance the quality and competitive level of the sport," he said in a release.
"The following and enthusiasm of football in the southern part of the country presents a fertile opportunity for us to execute our plans and leverage global expertise for the development of a world class club.