Mumbai-based Dream Sports attracted funds from four investors.\u00a0<\/p>\n\n\n\n\n\n\n\n
India.-\u00a0Dream Sports, the parent company behind India\u2019s popular fantasy sports gaming brand Dream11, has raised US$225m in a new round of investment.<\/p>\n\n\n\n
The new primary and secondary investment was led by Tiger Global Management, TPG Tech Adjacencies (TTAD),\u00a0ChrysCapital\u00a0and Footpath Ventures.\u00a0\u00a0<\/p>\n\n\n\n
Dream11 is a fantasy sports app with over 100 million registered users. Last August it became the\u00a0title sponsor for Indian Premier League (IPL) cricket.<\/p>\n\n\n\n
Dream Sports also owns sporting brands FanCode\u00a0and\u00a0DreamX.<\/p>\n\n\n\n
The company said:\u00a0“This investment represents the growth of the Indian sports technology sector and its potential to transform sports in India.\u201d\u00a0<\/p>\n\n\n\n
Harsh Jain, CEO and co-founder, said: \u201cWe are excited to welcome our new partners, who share our passion for sports and have extensive experience in building highly valuable tech companies in India.\u00a0\u00a0<\/p>\n\n\n\n
\u201cAs a homegrown Indian company, we are proud to continue adding value to our 10 crore (100 million) Indian sports fans, investors, employees and the overall sports ecosystem in India.” <\/p>\n\n\n\n
Bhavit Sheth, COO and co-founder, added: \u201cWe welcome our new partners in this phase of our growth. We have grown from one to many brands and from 200\u00a0Sportans\u00a0(employees of Dream Sports) to 450 in the last two years. <\/p>\n\n\n\n
“I am proud of our lean yet highly efficient team that has been the driving force behind the creation of \u2018Sports Tech\u2019\u2019 as a new industry category in India.\u201d\u00a0<\/p>\n\n\n\n
Partners from the capital investment firms involved emphasised the\u00a0“significant opportunity\u201d of investing in India\u2019s booming sports market.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai-based Dream Sports attracted funds from four investors.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":10012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Dream Sports, the parent company of India's prominent fantasy sports brand Dream11, has successfully secured US$225 million in a new investment round. This capital infusion, led by Tiger Global Management and TPG Tech Adjacencies, underscores the significant growth potential within the Indian sports technology sector. The company, which also owns FanCode and DreamX, aims to further expand its offerings to its 100 million registered users.","focusai_entities":"Dream Sports, Dream11, Tiger Global Management, TPG Tech Adjacencies, ChrysCapital, Footpath Ventures, FanCode, DreamX, Harsh Jain, Bhavit Sheth, Indian Premier League, IPL","focusai_location":"India, Mumbai","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"India Sports Tech Outlook","query":"What specific regulatory or market dynamics in India are driving this significant investor confidence in the 'Sports Tech' vertical, and how might this impact future B2B\/B2C licensing frameworks?"},{"label":"Dream Sports Valuation Impact","query":"Given the US$225 million investment, what is the implied post-money valuation of Dream Sports, and how does this benchmark against other leading iGaming or fantasy sports operators globally?"}],"footnotes":""},"categories":[16334,155],"tags":[58,233],"class_list":["post-10010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-south-asia-news","category-sports-betting-news","tag-india","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10010"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10010\/revisions"}],"predecessor-version":[{"id":10034,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10010\/revisions\/10034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10012"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}