Dream 11 parent Dream Sports raises $840 mn at valuation of $8 bn

Sports technology company Dream Sports, the parent firm of fantasy sports platform Dream11, said on Wednesday that it completed an investment of $840 million at a valuation of $8 billion. This was led by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global, even though the larger gaming sector continues to face regulatory uncertainty.

The round also saw participation from existing investors like TPG and Footpath Ventures. This made it among the largest investments globally in the sports technology and gaming sector in India.

“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.