Dream Sports Raises $225 Million in Latest Funding Round

The parent company of Indian fantasy sports app Dream 11, Dream Sports has raised a massive $225 million in its latest funding round. The firm prefers to call itself the “end to end sports tech company” in India, which also happens to be a cricket crazy nation and the home of the world’s second-largest internet market.

According to Dream Sports, TPG Adjacencies and Tiger Global Management financed $225 million in its primary and secondary investment rounds. After this financing round, Dream Sports is now valued at a little over $2.5 billion.

India loves cricket and Dream 11 has just cashed in the popularity of the sports. This game explores the fantasy part of the gentle men’s game. With Dream 11, people can pick the best players for any upcoming match, and they can win prizes depending on their team’s performance.

BizTrailBlazer-Blog-Dream11 scoops up $225 Mn

According to Akshay Tanna, Managing Director of TPG, the sports sector has high growth potential in India. He also thinks that there is a huge opportunity to enhance the Indian cricket fan’s experience and they are excited to partner with Dream Sports in order to leverage technology in such a way that will eventually deepen the connection between Indian fans and the sports they love.

This year, Dream 11 has also become the title sponsor of the Indian Premier League, which is basically a cricket league based in India. IPL is also one of the most loved sporting events around the world. For 2020, the sponsorship right was secured by Vivo. However, due to escalating border tension between India and China, and anti-China sentiments Vivo backed out of the sponsorship. The IPL will start later this week, after being postponed for months due to the Covid-19 outbreak.

Recently, Dream Sports has expanded into various other verticals including merchandise. According to the CEO and the Co-founder of Dream sports, the game has already more than 100 million users. However, this immensely popular game is not on the Google Play Store and people use it either by sideloading its android app or by using its mobile web.

Avendus Capital acted as the financial advisor to Dream Sports during this funding round.

The CEO and Co-founder of Dream Sports Harsh Jain also said, “As a homegrown Indian company, we are proud to continue adding value to our 10 crore Indian sports fans, investors, employees, and the overall sports ecosystem in India. In the last two years, we have grown beyond fantasy sports to sports content, merchandise, streaming, experiences, and there is much more to come. Our vision is to ‘Make Sports Better’ for India and Indian fans through sports technology and innovation.”     

Share Now

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp

get your ad spaces


explore other articles


In its latest effort to bring public attention to its ‘Zero Emission’ plans, Airbus has unveiled three visual concepts for …


A U.S federal court has delayed the ban on TikTok, and it will not go on effect from this Monday. …


This morning, Microsoft announced its plans to acquire ZeniMax Media Inc. for as much as $7.5 billion in cash. ZeniMax …


The U.S administration will start to ban TikTok and WeChat from the U.S app stores starting Monday night. This move …


Just a few years back the US Navy put a ban on hemp based CBD products and said they do …


Following the ban of the popular mobile game PUBG in India, another Indian alternative to the famous game FAU:G was …


Mobile Premier League or MPL the Bangalore based e-sports and mobile gaming platform has raised as much as $90 million …


To attract more advertisers with tools to measure the success of ad campaigns, Bytedance owned TikTok launched a marketing program …


Are you searching for the term ‘how to learn Python? We are so thrilled to know that you have decided …


On Monday, HSBC and Standard Chartered’s Hong Kong shares fell after media reports related to moving illicit funds over nearly …

you may also like


Have you adopted a POS system for your business? No? If you haven’t adopted a POS system for your businesses …


Are you someone, who would like to jump at any opportunity to put your money into such an investment, that …


Cyber Security! One of the most fascinating, yet the most complicated part about the internet. Due to increased dependency on …


With the emergence of the Covid 19 pandemic, most of the businesses across the planet have moved online. However, moving …