In a major development, Home-grown sports tech-firm Dream Sports has raised Rs 1,652 crore in an investment round led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures.
Dream Sports has brands such as Dream11, FanCode and DreamX. The sports tech firm founded in 2008 by Harsh Jain and Bhavit Sheth, located in Mumbai.
Harish Jain, CEO and Co-Founder, Dream Sports said,”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.
“We welcome our new partners in this phase of our growth. We have grown from one to many brands and from 200 Sportans (employees of Dream Sports) to 450 in the last two years,” said Sheth, COO and Co-Founder, Dream Sports.
Dream11 is a fantasy sporting platform which offers various games including cricket, football, basketball, baseball, among others. During a live game, users can pick players and create fantasy teams using players from both teams. These virtual fantasy teams compete against each other and users can win money from a reward pool based on the outcome of the actual game.
Dream11 is the new title sponsor of the 2020 edition of the Indian Premier League (IPL).