Dream Sports raises $840 million and reaches $8 billion valuation

Dream Sports announced has raised $840 Million led by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global. The company is now valued at $8 billion after the funding.

The round also saw participation from existing investors like TPG and Footpath Ventures, making it amongst the largest investments globally in the sports tech sector.

“We are excited to partner with the Dream Sports family in their vision of building the leading end-to-end sports tech company in India,” Rahul Mehta, managing partner, DST Global said.

We are very impressed with their customer centric approach, product strategy and ability to strengthen connections between fans and their favorite sports, he added.

Dream Sports has 140 million users and it plans to build one of the world’s largest sports ecosystems which includes sports content, fan engagement, and Esports.

Earlier this year, the company further strengthened its commitment to this space by announcing a corpus of $250 million through its CVC and M&A arm, Dream Capital.

“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,” Harsh Jain, CEO, Dream Sports said.

A homegrown company founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is based out of Mumbai and employs close to 1,000 people.