Sports tech platform Dream Sports raises $840 mn

Sports tech platform Dream Sports has raised $840 million, led by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global.
Dollar spending on technology
The fresh funding round also saw participation from existing investors like TPG and Footpath Ventures.

Dream Sports has a user base of 140 million in India. The leading sports tech platform has brands such as Dream Capital, FanCode, Dream11, DreamSetGo, Dream Game Studios, and DreamPay.

“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,” said Harsh Jain, CEO and Co-Founder, Dream Sports.

Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is located in Mumbai and employs close to 1,000 people.

Earlier this year, Dream Sports announced a corpus of $250 million through its CVC and M&A arm, Dream Capital.

Dream Capital has built an initial portfolio of 10 companies, largely focusing on early-stage investments in India, including, Fittr, SoStronk, KheloMore and Elevar.

Dream Capital is now expanding its sports, fan engagement and fitness portfolio in India and globally.

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