TheNFAPost Podcast
1

Dream Sports raises $840Mn at $8Bn valuation

Bengaluru, NFAPost: Dream11’s parent company Dream Sports, has raised $840 million (Rs 6,248 crore) in its latest funding round led by Falcon Edge, DST Global, D1 Capital, Redbird Capital, and Tiger Global, at a valuation of $8 billion.

The company did not mention how it plans to deploy the fresh capital, however, said that it aims to build a broader sports ecosystem in the country, beyond the realm of fantasy gaming.

Dream Sports is working on building a sports ecosystem that includes sports content, commerce, experiences, fan engagement (including sports gaming and e-sports), Web 3.0 solutions, fantasy sports, and fitness tech.

Earlier this year, Dream Sports announced a corpus of USD 250 million through its CVC and M&A arm, Dream Capital.

“Our investors have deep experience in developing sports ecosystems globally, and we are fortunate to have their guidance to ‘Make Sports Better’ for 1 billion Indian sports fans,” CEO & Co-Founder Harsh Jain said.

Dream Sports claims to have a user base of 140 million and houses a bunch of brands such as Dream Capital, FanCode, DreamSetGo, Dream Game Studios, and DreamPay, besides the flagship Dream11.

Previous articleSimpliwork Offices To Invest Rs 650 Crores By 2023 For Further Expansion
Next articleStandard Chartered Bank Named ‘Gold Employer’ In India Workplace Equality Index 2021

LEAVE A REPLY

Please enter your comment!
Please enter your name here