Private Equity Fund Investments
Fantasy sports unicorn Dream11 raises $840-M from Falcon Edge, DST Global, others
Mumbai-based fantasy sports platform Dream11, owned by Dream Sports, has raised USD 840 million in a funding round led by Falcon Edge, DST Global, D1 Capital, Tiger Global and Redbird Capital. TPG and Footpath Ventures also participated in the latest fundraise. The unicorn has raised the funds at USD 8 billion valuation. It had been valued at USD 5 billion during a USD 400 million secondary transaction in March this year. With a user base of 140 million, Dream Sports offers sports content, commerce, experiences, fan engagement (including Sports gaming and esports), Web 3.0 solutions, fantasy sports and fitness tech
Between Jan-15 and Mar-21, Dream11 raised funding from Footpath Ventures, D1 Capital Partners, Falcon Edge Capital, Steadview Capital, TPG Capital, TCV, Tiger Global, ChrysCapital, Tencent, Multiples PE, Think Investments, Kalaari Capital, and others. Some of the investors have made partial exits. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
