Dream Sports, a Mumbai, India-based sports tech company, raised $840M in funding at $8 Billion valuation.
The round was led by Falcon Edge, DST Global, D1 Capital, RedBird Capital and Tiger Global with participation from TPG and Footpath Venture.
The company intends to use the funds to expand operations as well investments globally in the sports tech sector.
Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports operates a sports technology platform with 140 million users, housing brands such as:
- Dream11, a large fantasy sports platform,
- DreamPay, a payment solutions provider,
- FanCode, a premier sports content & commerce platform,
- DreamSetGo, a sports experiences platform, and
- Dream Capital, a CVC and M&A arm.
Dream Sports is based in Mumbai and has a workforce of close to 1,000 ‘Sportans’. Dream Sports’ mission is to ‘Make Sports Better’ for fans through the confluence of sports and technology.
Launched earlier this year, $250 Million Dream Capital has built an initial portfolio of 10 companies, largely focusing on thematic early stage investments in India, including, Fittr, SoStronk, KheloMore and Elevar. It is now expanding its sports, fan engagement and fitness portfolio in India and globally.