Dream11
Dream Sports of Mumbai attracts large funding from Tiger Global, TTAD and others
Mumbai/IBNS: Dream Sports, a Mumbai-based sports technology company, which owns brands such as Dream11, FanCode and DreamX, has received a fresh round of funding worth $225 million.
The funding has been offered by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures through primary and secondary investments.
Harsh Jain, CEO and co-founder, Dream Sports said, “We are excited to welcome our new partners, who share our passion for sports. 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.”
Akshay Tanna, Managing Director, TPG said, “The sports sector has high growth potential in India. There is a significant opportunity to enhance the fan experience and we are excited to partner with Dream Sports to leverage technology in ways that will deepen the connection between Indian fans and the sports they love.”
Said Kshitij Sheth, Vice President, ChrysCapital, “Dream Sports is the largest and fastest-growing sports tech platform in the country. ChrysCapital is excited to be a part of their vision to transform the way sport is consumed through technology and innovation.”
Bhavit Sheth, COO and co-founder, Dream Sports, said, “We have grown from one to many brands and from 200 Sportans (employees of Dream Sports) to 450 in the last two years.”
Dream Sports was founded in 2008.
Avendus Capital was the exclusive financial advisor to Dream Sports on the transaction.
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