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Dream Sports, Parent Firm of Indian Fantasy Sports App Raises $225M

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Dream Sports, the parent firm of fantasy sports application Dream11, has bagged in $225 million in the latest financing round as the Mumbai headquartered firm creates what it calls “end-to-end sports tech company” in the cricket-loving nation, which is also the world’s second-largest internet market.Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital, and Footpath Ventures financed $225 million in Dream Sports with the help of primary and secondary investments, the 12-year-old Indian firm said.The latest round valued Dream Sports at over $2.5 billion, two people familiar with the matter said.Dream11 has managed to cash in on the popularity of cricket, a game that has intrigued and gathered serious attention from various major.

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