Dream Sports has successfully raised $400 million in funding led by TCV, D1 Capital Partners, and Falcon Edge Capital, achieving a valuation of $5 billion and highlighting the growth potential of India's fantasy sports market.
Information on the Target
Dream Sports, the parent company of the prominent fantasy sports platform Dream11, has recently raised $400 million in a significant funding round. This investment was led by TCV, D1 Capital Partners, and Falcon Edge Capital, alongside existing participants including Tiger Global, ChrysCapital, TPG Growth, Steadview Capital, and Footpath Ventures. With this round, Dream Sports has been valued at an impressive $5 billion.
Founded in 2008 by Harsh Jain and Bhavit Sheth and based in Mumbai, Dream Sports has rapidly established itself as a leader in the fantasy sports domain. The company supports a workforce of approximately 600 employees and enriches its offerings with other brands such as FanCode and DreamX. This funding is noted as the largest investment in the Indian sports tech sector to date, reflecting the growing market potential within this industry.
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Industry Overview in India
The fantasy sports industry in India has witnessed remarkable growth in recent years, driven by a young demographic eager for digital engagement in sports. The increasing penetration of smartphones and affordable internet has
Similar Deals
TCV
invested in
Dream Sports
in 2023
in a Series B deal
Disclosed details
Transaction Size: $400M
Enterprise Value: $5,000M