Dream Sports to invest $250 million in Gaming Startups
Recently, Dream Capital, the venture capital arm of online fantasy gaming start-up Dream11 parent Dream Sports has proclaimed an amount of $250 million or around INR 1,856 crore. The amount would be used to invest in Indian start-ups in the field of sports, gaming and fitness tech.
The firm already has a rich history of investing in start-ups such as SoStronk, DreamGameStudios, Elevar, FanCode and DreamSetGo. Dream Sports states that the venture capital and blend and gaining arm will follow a multi-stage tactic of ticket sizes reaching from $1 million to $100 million, with in-depth attention of sports, gaming and fitness-tech sectors.
DreamCap is marking to backing start-ups that spin around unsettling technology, data insights, good products and the prospective to attain at least $100 million in annual revenues in five years individually.
"Dream Sports has a collective user base of 125 million sports fans, and we recognise the great growth opportunities in sports, gaming and fitness-tech in India. As entrepreneurs ourselves, we are here to back other entrepreneurs through Dream Capital and provide them with access to our 125 million-strong user base and operational support from our expert team of CXOs,” said, Co-founder Harsh Jain.
“Company has assessed over 250 startups and has invested in eight companies so far, including SoStronk, DreamGameStudios, Elevar, FanCode and DreamSetGo. DreamGameStudios, formerly known as Rolocule, was acquired by Dream Sports,” the Company added.