Total amount raised
$1.6 Billions
Latest funding date
Location
Title
Dream11 has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in fantasy sports, offering users the chance to create virtual teams and win cash prizes based on real-life player performances.
Keep reading to explore the intricacies of Dream11's fundraising journey and the investors backing this innovative platform.
What Is Dream11?
Dream11, founded in 2008, is a sports technology platform based in Bandra, Maharashtra, India. The company specializes in fantasy sports, allowing users to create virtual teams of real-life players and win points based on their performance in live matches.
Founded by Harsh Jain and Bhavit Sheth, Dream11 has grown significantly over the years. The platform offers a variety of fantasy sports, including cricket, football, kabaddi, basketball, hockey, volleyball, baseball, and handball.
With a workforce of 501-1000 employees, Dream11 continues to innovate and expand its offerings, providing a unique sports engagement experience for its users.
How Much Funding Has Dream11 Raised?
- Funding Round: Series A
- Amount Raised: Not publicly disclosed
- Date: June 2014
- Lead Investors: Kalaari Capital, Think Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and scale the platform.
- Funding Round: Series B
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Kalaari Capital, Think Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand user base and enhance platform features.
- Funding Round: Series C
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Multiples
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and market penetration.
- Funding Round: Series D
- Amount Raised: ₹7.2B
- Date: September 2018
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and user engagement.
- Funding Round: Secondary Market
- Amount Raised: $60M
- Date: April 2019
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Funding Round: Venture Round
- Amount Raised: $225M
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand market reach.
- Funding Round: Secondary Market
- Amount Raised: ₹29B
- Date: March 2021
- Lead Investors: D1 Capital Partners, TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders and support strategic initiatives.
- Funding Round: Venture Round
- Amount Raised: ₹62.3B
- Date: November 2021
- Lead Investors: Alpha Wave Global, D1 Capital Partners, DST Global, RedBird Capital Partners, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel expansion and enhance technological infrastructure.
Total Amount Raised: $1.2B
Current Valuation: $8B
Key Investors
- Alpha Wave Global
- Details: Alpha Wave Global is an investment firm that provides capital to high-growth companies. They have a global presence and focus on long-term investments.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Uber, Alibaba, ByteDance
- D1 Capital Partners
- Details: D1 Capital Partners is an investment firm that operates across public and private markets. They focus on deploying capital in high-growth sectors.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: SpaceX, Stripe, Instacart
- DST Global
- Details: DST Global is a venture capital firm that invests in late-stage internet companies. They have a strong track record of backing successful tech firms.
- Investment Focus Areas: Internet, technology companies
- Notable Investments: Facebook, Twitter, Alibaba
- RedBird Capital Partners
- Details: RedBird Capital Partners is a private investment firm focused on building high-growth companies. They have a particular interest in sports and media.
- Investment Focus Areas: Sports, media, entertainment
- Notable Investments: Fenway Sports Group, OneTeam Partners, Skydance Media
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Flipkart, LinkedIn, Spotify
What's Next for Dream11?
Dream11 stands at the cusp of significant growth opportunities. With a recent $840 million funding round, the company is well-positioned to expand its user base beyond the current 140 million. The planned U.S. listing could open new avenues for investment, further bolstering its market presence. Additionally, Dream Capital's investments in early-stage companies promise to diversify and strengthen Dream11's portfolio.
However, the path forward is not without challenges. Legal hurdles, such as the recent ban on online gaming in Karnataka, pose potential risks. Moreover, the competitive landscape of fantasy sports and the need to maintain profitability while scaling operations will require strategic navigation. Despite these challenges, Dream11's robust financial backing and innovative approach suggest a promising future.
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