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Indian dream sports valued at $ 8 billion after $ 840 million investment
Dream Sports has raised $ 840 million to value the India-based sports technology company at $ 8 billion. The round was led by venture capital firms Falcon Edge Capital, DST Global, D1 Capital Partners, RedBird Capital Partners and Tiger Global Management.
Dream Sports operates Dream11, India’s top fantasy games brand, as well as the country’s official NBA streaming app, FanCode. The company also has its own venture capital arm called Dream Capital, which recently invested in the social fitness app Fittr.
Located in the city of Mumbai, Dream Sports has over 140 million users on its platforms. The company plans to use its new funding to further develop its products in sports content, e-commerce, games and e-sports, fitness and the web. 3.0 offers.
Dream Sports investor D1 Capital Partners is also an investor in the Fantasy NFT Sorare football platform. RedBird Capital Partners, another company backing Dream Sports, has an investment portfolio that includes OneTeam Partners, Fenway Sports Group, XFL, YES Network and French football club Toulouse FC.