India, March 24 -- Ahead of the new Indian Premier League (IPL 2021) season, Mumbai-based sports tech startup Dream Sports, the parent company of online fantasy sports platform Dream11, has announced the completion of a $400 Mn secondary investment led by TCV, D1 Capital Partners and Falcon Edge.

The round also saw participation from existing investors like Tiger Global, ChrysCapital, TPG Growth, Steadview Capital and Footpath Ventures. The round saw Silicon Valley-based TCV investing for the first time in an Indian startup. It has invested in tech giants like Netflix, Airbnb, Sportradar and Peloton.

Reports last month suggested that existing investors including China's Tencent Holdings, Kalaari Capital and Multiples Alternate Asset Man...