PE Fund Investments
Cricket NFTs platform Rario raises $120-M led by Dream Capital
Singapore-based cricket non-fungible tokens (NFTs) platform Rario has raised USD 120 million led by Dream Capital, the corporate venture capital arm of Dream11, with participation from Alpha Wave Global, They join existing investors Animoca Brands, Presight Capital, and Kingsway Capital. The company will use the fresh funds to secure additional rights and build products. The strategic investment will give Rario access to the 140 million user base of Dream11. Ratio has procured NFT rights to six international leagues and over 900 international cricketers through its various partnerships. Rario enables fans to engage as a community, giving them a chance to own a piece of cricket history through digital collectibles across player cards, video moments, and cricket artifacts. Through Rario, Indian sports fans can buy, sell and trade NFTs using credit cards, debit cards, and bank transfers.
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