Sports activities expertise and gaming agency Dream Sports activities has raised USD 400 million in a funding spherical led by non-public fairness agency TCV, D1 Capital Companions and Falcon Edge.
The spherical additionally noticed participation from current traders like Tiger International, ChrysCapital, TPG Progress, Steadview Capital and Footpath Ventures, Dream Sports activities mentioned in a press release.
Falcon Edge Capital, co-founded by Navroz Udwadia, invested by Alpha Wave, which seeks out best-in-class international progress stage property, the gaming agency mentioned.
That is the biggest funding within the Indian sports activities tech ecosystem up to now, the assertion mentioned.
“This can be a enormous vote of confidence to the Indian start-up ecosystem. We’ve created the Fantasy Sports activities class in India to drive digital engagement to real-life sporting occasions and convey followers nearer to the game they love.
“We’re proud to repeatedly contribute to the general growth of the Indian sports activities ecosystem,” Dream Sports activities CEO and co-founder Harsh Jain mentioned.
A homegrown Indian firm based in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports activities is situated in Mumbai and employs about 600 individuals.
TCV Basic Accomplice Gopi Vaddi mentioned, “India is dwelling to the world’s largest and most energetic sports activities fan base with a dynamic combine that’s distinctive to the subcontinent. Dream Sports activities is serving this neighborhood with a extremely revolutionary product providing.”
Avendus Capital was the unique monetary advisor to Dream Sports activities on the transaction, the assertion mentioned.
