Bengaluru, NFAPost: Dream Sports, India’s leading sports technology company with brands such as Dream11, FanCode and DreamX in its portfolio, announced the completion of a primary and secondary investment led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures worth $225 Million. This investment represents the growth of the Indian sports technology sector and its potential to transform sports in India.
Talking about the deal, Dream Sports CEO and Co-Founder Harsh Jain said he is excited to welcome new partners, who share the company’s passion for sports and have extensive experience in building highly valuable tech companies in India.
“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,” said Dream Sports CEO and Co-Founder Harsh Jain.
Talking about this development, TPG Managing Director Akshay Tanna said the sports sector has high growth potential in India.
“There is a significant opportunity to enhance the fan experience and we are excited to partner with Dream Sports to leverage technology in ways that will deepen the connection between Indian fans and the sports they love,” said TPG Managing Director Akshay Tanna.
Commenting on this development, ChrysCapital Vice President Kshitij Sheth said Dream Sports is the largest and fastest-growing Sports Tech platform in the country with a phenomenal track record.
“ChrysCapital is excited to be a part of their vision to transform the way sport is consumed through technology and innovation,” said ChrysCapital Vice President Kshitij Sheth.
Delighted about the rapid growth of the company and industry, Dream Sports COO and Co-Founder Bhavit Sheth said he welcomes new partners in this phase of the company’s growth.
“We have grown from one to many brands and from 200 Sportans (employees of Dream Sports) to 450 in the last two years. I am proud of our lean yet highly efficient team that has been the driving force behind the creation of ‘Sports Tech’ as a new industry category in India,” said Dream Sports COO and Co-Founder Bhavit Sheth.
A completely homegrown company founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is headquartered and located only in Mumbai. Avendus Capital was the exclusive financial advisor to Dream Sports on the transaction.