Total amount raised
$400 Millions
Latest funding date
03/01/2021
Location
Dream Sports has successfully raised significant funding through multiple rounds, including Series A, B, C, D, and D-1. The company has attracted a diverse group of investors such as Kalaari Capital, Think Investments, Multiples Equity, TPG, Chrys Capital, Tiger, TCV, D1 Capital, and Falcon Edge.
Keep reading to explore the intricacies of Dream Sports' fundraising journey and the investors backing this innovative platform.
What Is Dream Sports?
Dream Sports, founded in 2008 by Harsh Jain and Bhavit Sheth, is a leading sports technology company based in Mumbai, Maharashtra, India. The company operates in the fantasy sports and sports technology industries.
With a workforce of over 1000 employees, Dream Sports has built an ecosystem that includes brands like Dream11, FanCode, DreamSetGo, and DreamPay. The company aims to enhance sports experiences through fan engagement avenues such as fantasy sports, content, commerce, and events.
How Much Funding Has Dream Sports Raised?
- Funding Round: Secondary Market
- Amount Raised: $400M
- Date: March 2021
- Lead Investors: D1 Capital Partners, TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive digital engagement to real-life sporting events and expand the Indian sports ecosystem.
- Funding Round: Funding Round
- Amount Raised: Not publicly disclosed
- Date: January 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish and grow the company's initial operations.
Total Amount Raised: $400M
Current Valuation: Not publicly disclosed
Key Investors
- TCV
- Details: TCV is a prominent venture capital firm that has made its first investment in India through Dream Sports. They have a history of investing in global tech giants.
- Investment Focus Areas: Technology, consumer internet, software.
- Notable Investments: Netflix, Airbnb, Peloton.
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm that participated in Dream Sports' $400 million secondary investment round. They focus on high-growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Not publicly disclosed.
- Falcon Edge
- Details: Falcon Edge is an investment firm that invested in Dream Sports through its Alpha Wave vehicle. They are known for focusing on high-growth opportunities.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Not publicly disclosed.
- Tiger Global
- Details: Tiger Global is a well-known investment firm that has been an existing investor in Dream Sports. They typically invest in high-growth technology and consumer companies.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Not publicly disclosed.
- ChrysCapital
- Details: ChrysCapital is a leading private equity firm that participated in Dream Sports' funding rounds. They focus on high-growth sectors in India.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Dream Sports?
Dream Sports stands at the cusp of significant growth opportunities, driven by the expansion of the fantasy sports category in India and increased digital engagement with real-life sporting events. The recent $400 million investment underscores the vast potential of the Indian sports tech ecosystem.
Future fundraising prospects look promising, with major global investors like TCV, D1 Capital Partners, and Falcon Edge showing confidence in the company's vision. This strong backing suggests that Dream Sports is well-positioned for further investment rounds, potentially leading to strategic acquisitions to enhance their offerings.
However, the path ahead is not without challenges. Maintaining user engagement in a competitive market and navigating regulatory hurdles related to fantasy sports and online gaming will be crucial. Continuous innovation will be key to staying ahead of competitors and sustaining growth.
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