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Dream11 parent touches $5-bn valuation after $400-mn secondary fund raise

This is the largest investment in the Indian sports tech ecosystem to date

Both are as passionate about the technology part of the business as they are about the sport itself, but they fill in slightly diverse roles in the organisation

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Dream Sports founders Harsh Jain and Bhavit Sheth

Samreen Ahmad Bengaluru

3 min read Last Updated : Mar 25 2021 | 2:08 AM IST

Sports technology company Dream Sports, with brands such as Dream11, FanCode, DreamX, DreamSetGo, and DreamPay in its portfolio, has raised $400 million in a new funding round led by TCV, D1 Capital Partners, and Falcon Edge Capital. This is TCV’s first investment in India. The latest round takes the company’s valuation close to $5 billion, revealed sources.

This secondary round also saw participation from existing investors like Tiger Global, ChrysCapital, TPG Growth, Steadview Capital, and Footpath Ventures. Falcon Edge Capital, co-founded by Navroz Udwadia, invested via Alpha Wave.

A secondary funding round means the company does not get any money. The fund

Topics : Venture Capital Dream11 fund raising startups in India

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