Owner of sports platform – Dream11, Dream Sports has raised $400 million in secondary investment. TCV, Falcon Edge and D1 Capital Partners led the funding round.
Existing investors – Tiger Global, Footpath Ventures, TPG Growth, ChrysCapital, and Steadview Capital also participated in the funding round. Falcon Edge Capital has invested through Alpha Wave.
“This is a huge vote of confidence to the Indian start-up ecosystem. We have created the fantasy sports category in India to drive digital engagement to real-life sporting events and bring fans closer to the sport they love. We are proud to continually contribute to the overall expansion of the Indian sports ecosystem,” said CEO and Co-Founder of Dream Sports – Harsh Jain.
General Partner at TCV – Gopi Vaddi, stated, “India is home to the world’s largest and most energetic sports fan base with a dynamic mix that is unique to the subcontinent. Dream Sports is serving this community with a highly innovative product offering. We are inspired by what Harsh, Bhavit and the Dream Sports team have built, and we look forward to partnering with them.”
Dream Sports is a sports technology company with brands such as Dream11, FanCode, DreamX and DreamSetGo in its portfolio.
Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is headquartered and located only in Mumbai. Dream Sports has been featured in the Top 10 ‘Great Places to Work’ in the sports tech category, every year since 2018.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.