Dream Sports raises $840 mn at a valuation of $8 bn
The firm claims that the investment is among the largest globally in the sports tech sector. In March this year, it raised $400 million in secondary investment at a valuation of about $5 billion.
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“Ad-based model was not working. We pivoted to freemium model”
“In 2013-14, we got rejected by 150 VCs. We got better with every rejection. VCs are always meeting the smartest people. They know what they are talking about.”
Entrepreneurial explosion
India last experienced such a burst during defining moments such as Independence or the reforms of the 90s. With enormously influential firms, they are truly the Tatas and the Bajajs of the 2000s.
40 Under 40: Meet the founders of Dream11
Dream11 is India’s first gaming unicorn, and claims to be the world’s largest fantasy sports platform with over 100 million users.
Fantasy sports changing sports and fans in India
As most recent sporting events are expected to take place with limited or no in-stadia audience, digital engagement platforms like fantasy sports will play a pivotal role in driving fan engagement.
Dream11 is LaLiga’s official fantasy game partner
India is one of the fastest-growing markets for fantasy sports; the partnership runs till the end of 2023-24 season.
