Dream Sports, India’s leading sports technology company with brands such as Dream11, FanCode, and DreamX in its portfolio, today announced the completion of a USD 400 million secondary investment led by TCV, D1 Capital Partners and Falcon Edge. This is TCV’s first investment in India.
The round also saw participation from existing investors like Tiger Global, ChrysCapital, TPG Growth, Steadview Capital and Footpath Ventures. Falcon Edge Capital, co-founded by Navroz Udwadia, invested via Alpha Wave, which seeks out best-in-class global growth stage assets. This is the largest investment in the Indian sports tech ecosystem to date and a testimony to its growing market potential.
A homegrown Indian company founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is located in Mumbai and employs close to 600 people.
Avendus Capital was the exclusive financial advisor to Dream Sports on the transaction.
March 24, 2021 | Mumbai
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