Dream11’s parent company Dream Sports on Monday announced it raised $225 million in a primary and secondary investment, led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital, and Footpath Ventures.
Talking about the deal, Harsh Jain, CEO, and Co-Founder, Dream Sports said, “As a homegrown Indian company, we are proud to continue adding value to our 10 crore Indian sports fans, investors, employees, and the overall sports ecosystem in India. In the last two years, we have grown beyond fantasy sports to sports content, merchandise, streaming, experiences, and there is much more to come. Our vision is to ‘Make Sports Better’ for India and Indian fans through sports technology and innovation.”
Dream 11 won IPL title sponsorship rights with a bid of Rs 222 crore, replacing Chinese mobile phone company Vivo for a four-and-a-half month deal. Dream11 has been one of the IPL sponsors for a couple of years now.
“We have grown from one to many brands and from 200 Sportans (employees of Dream Sports) to 450 in the last two years” added Bhavit Sheth, COO, and Co-Founder, Dream Sports.
It seems like a great year for Dream11!