Dream Sports Valued At $8 Billion Following Latest $840 Million Investment
By Community | November 26, 2021
Dream11’s parent group, Dream Sports, has announced that the company has completed an investment of US$ 840 Million at an $8 Billion valuation, led by investors Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global.
Harsh Jain, CEO and Co-Founder of Dream Sports told Business Standard: “Our vision and mission is to create an entrepreneur-led virtuous cycle of investment, innovation and wealth creation for all stakeholders in the sports ecosystem, from fans to athletes, teams and leagues.
“Our investors have deep experience in developing sports ecosystems globally. We are fortunate to have their guidance to ‘make sports better’ for one billion Indian fans.”
Dream11 last year took over the title sponsorship of the Indian Premier League following VIVO’s withdrawal for one season while the tournament moved to the United Arab Emirates thanks to the coronavirus pandemic.