Dreams11 raised funds worth $225 million | Arriba Trends

Dreams11 raised funds worth $225 million

Dream11

Dreams11 who is owned by the Dream Sports, has raised a fund of $225 million. The mode of collecting the fund includes both the primary and secondary investments. Though the sources have informed that, the bulk investment consists of secondary investment. Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures are the ones who followed in the round. The success of the Dream11 currently rotates around the IPL. It has reported the revenue of 800 crores in the financial Year of 2019, which was more than Rs 230 crore in the Financial Year of 2018. The company has 100 million users registered across the platform of Dream 11.

Read More at Financial Express

Share
Translate ยป
error: Content is protected !!