Dream Sports Raises $225m At $2.5B+ Valuation With Future M&A Plans

? Later Stage VC

• Mumbai-based 12-year-old fantasy sports company Dream Sports has raised $225m in a funding round from Tiger Global Management, TPG Tech Adjacencies, ChrysCapital, and Footpath Ventures

• Up to date, Dream Sports has raised over $325m, reaching a post-money valuation of over $2.5B

• The funding will go towards platform expansion in India, where cricket is very popular

• Dream Sports is also preparing an acquisition spree and plans to acquire about 4-5 gaming startups. The company is already in talks to acquire Indian esports platform SoStronk, known for its CS:GO events and competitions

? Previous Rounds

• In 2018, Dream Sports has raised $100m in a Series D round led by Tencent, with the participation of the company’s existing investors Kalaari Capital and Multiples Alternate Asset Management

• In April 2019, Dream Sports was valued at over $1B in a secondary investment of $60m by Steadview Capital

? Products

• Dream Sports is a developer behind Dream11, a fantasy sports platform that enables users to create their own teams and compete for cash prizes

  • The platform is mainly focused on cricket, but it also includes football, basketball, kabaddi, hockey, volleyball, handball, and baseball

  • Currently, the platform has over 100 million users and partners with such sports companies as NBA, VIVO PKL, IPL, BCCI, ICC, ISL, CPL, FIH, BBL, ECL, KPL, and T20 Mumbai League

• Apart from Dream11 app, Dream Sports owns several other brands: DreamPay, DreamX, DreamSetGo, and FanCode (multi-sport aggregator platform for sports fans), as well as a philanthropic arm called Dream Sports Foundation

SOURCES: TECHCRUNCH, BIZBEHINDSPORTS