Dream Sports bags $840 million at $8 billion valuation

Mumbai: Dream Sports, the parent company of online fantasy gaming platform Dream11, has raised $840 million at a valuation of $8 billion. New and existing investors led the round, including Falcon Edge, DST Global, D1 Capital, Tiger Global and Redbird Capital. TPG and Footpath Ventures also participated.

The fresh financing comes on the back of the Mumbai-based firm closing a $400 million secondary funding round in March, which valued the company at around $5 billion.