By 
Dream Sports announce it has raised $840 million, driven by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global, at a $8 billion valuation.
With a current client base of 140 million in India, the organization has brands like Dream Capital, FanCode, Dream11, DreamSetGo, Dream Game Studios, and DreamPay in its portfolio.
The crisp financing round additionally saw support from existing financial backers like TPG and Footpath Ventures, the organization said in an assertion.
“Our vision and mission is to create an entrepreneur-led virtuous cycle of investment, innovation and wealth creation for all stakeholders in the sports ecosystem, from fans to athletes, teams and leagues,” said Harsh Jain, CEO of Dream Sports.
Recently, Dream Sports reported a corpus of $250 million through its CVC and M&A arm, Dream Capital.
Dream Capital has assembled an underlying arrangement of 10 organizations, to a great extent zeroing in on beginning phase interests in India, including, Fittr, SoStronk, KheloMore and Elevar. Dream Capital is presently extending its games, fan commitment and wellness portfolio in India and internationally, the organization said.
“We’re excited to partner with the Dream Sports family in their vision of building the leading end-to-end sports tech company in India,” said Rahul Mehta.
Established in 2008 by Jain and Bhavit Sheth, Dream Sports is situated in Mumbai and utilizes near 1,000 individuals.
Comments