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Dream11 Parent Firm Dream Sports Gets $840 Million Fund Raise

Dream11 Parent Firm Dream Sports Gets $840 Million Fund Raise

Falcon Edge, D1 Capital, DST Global, RedBird Capital, Footpath Ventures, Tiger Global, and TPG Capital came together to invest in Dream Sports (also known as Sports Technologies)- India-based online e-fantasy gaming firm Dream 11. 

The company valuation pegged at US$8 billion secured US$840 million in the funding round. It came after the US $400 million fundraise in March 2021 through TCV- the global technology investor who also invested in Netflix earlier. Falcon Edge and D1 Capital Partners were among the other investors.

Dream Sports plans to use this funding for entrepreneur-led investment as per Harsh Jain- CEO and co-founder of Dream Sports. They further plan to bring innovation on their platform and create wealth for all the stakeholders- leagues, teams, athletes to fans in the entire sports ecosystem. 

Dream Sports with a customer base of 140 million aims to create the world’s largest ecosystem. It had registered a profit of US $24 million in the financial year- 2020 after booking a loss of Rs in 2019. Dream 11 has obtained unicorn status in the consumer tech space and is one of the few companies to have registered this kind of profit.

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