Report Wire - Dream Sports raises $840mn funding from Falcon Edge, others at $8bn valuation

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Dream Sports raises $840mn funding from Falcon Edge, others at $8bn valuation

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Sports tech firm Dream Sports on Wednesday mentioned it has raised USD 840 million (about Rs 6,252.2 crore) in funding, led by Falcon Edge, DST Global, D1 Capital, Redbird Capital, and Tiger Global at a valuation of USD 8 billion.
The spherical additionally noticed participation from current buyers like TPG and Footpath Ventures, making it amongst the most important investments globally within the sports activities tech sector, a press release mentioned.
Dream Sports has manufacturers similar to Dream Capital, FanCode, Dream11, DreamSetGo, Dream Game Studios, and DreamPay in its portfolio. Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is headquartered in Mumbai and employs near 1,000 folks.

Dream Sports, with an current consumer base of 140 million Indian sports activities followers, is engaged on constructing a sports activities ecosystem that features sports activities content material, commerce, experiences, fan engagement (together with sports activities gaming and e-sports), Web 3.0 options, fantasy sports activities, and health tech. Earlier this yr, Dream Sports had introduced a corpus of USD 250 million by means of its CVC and M&A arm, Dream Capital.
Dream Capital has constructed an preliminary portfolio of 10 firms, largely specializing in thematic early-stage investments in India, together with, Fittr, SoStronk, KheloMore, and Elevar.
Dream Capital is now increasing its sports activities, fan engagement, and health portfolio in India and globally, the assertion mentioned.
“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. 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,” Dream Sports Chief Executive Officer and co-founder Harsh Jain mentioned.