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Dream sports, india leading company in the field of sports technologies with brands such as Dream capital, FanCode, Dream11, DreamSetGo, Dream game studios, and DreamPay in its portfolio, announced the completion of an investment of $ 840 million a tan 8 billion dollars valuation, led by Falcon Edge, DST Global, D1 Capital, RedBird Capital and Tiger Global. The cycle also saw the participation of existing investors such as TPG and Footpath Ventures, making it one of the world’s largest investments in the sports technology sector.
Dream Sports, with an existing user base of 140 million Indian sports fans, is on a mission to create one of the largest sports ecosystems in the world that includes sports content, commerce, experiences, employee engagement. fans (including sports games and esport), Web 3.0 solutions, Fantasy Sports and Fitness Tech. At the start of the year, Dream Sports further strengthened its commitment to this space by announcing a body of $ 250 million via its HVAC and M&A branch, Dream Capital. Dream Capital has built an initial portfolio of 10 companies, with a strong focus on thematic start-up investments in India, including Fittr, SoStronk, KheloMore and Elevar. Dream Capital is now expanding its sports, fan engagement and fitness portfolio by India and globally.
Commenting on the investment, Harsh Jain, CEO and Co-Founder, Dream Sports said, âOur vision and mission is to create a virtuous cycle of investment, innovation and wealth creation led by entrepreneurs for all stakeholders in the sports ecosystem, from fans to athletes, teams and to leagues. Our investors have extensive experience in developing sports ecosystems globally, and we are fortunate to have their advice on âmaking sport betterâ for 1 billion Indian sports fans. “
âWe are delighted to partner with the Dream Sports family in their vision to create the leading end-to-end sports technology company. India,” noted Rahul mehta, Managing Partner at DST Global. âWe are very impressed with their customer-centric approach, their product strategy and their ability to strengthen the bonds between fans and their favorite sports. “
A local company founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is located at Bombay and employs nearly 1,000 âSportansâ.
Avendus Capital was Dream Sports’ exclusive financial advisor on the transaction.