Dream11 Parent Likely To Shed Tencent Ties With $300 Mn Round
Click here to read full article from source
India, Feb. 22 -- Mumbai-based sports tech startup Dream Sports, the parent company of online fantasy sports platform Dream11 is planning to raise a fresh fund of $300 Mn from Abu Dhabi's Alpha Wave Incubation managed by Falcon Edge.
Accordingly, the company is looking to raise funding from secondary sale of shares owned by early investors, at a valuation of $4 Bn. If the funding goes through, the company is most likely to double its valuation in around six months, as reported by Economic Times, quoting an unidentified source.
Further, the sources said that existing investors including China's Tencent Holdings, Kalaari Capital and Multiples Alternate Asset Management among other investors are looking to sell their shares. "The deal may ...
To read the full article or to get the complete feed from this publication, please Contact Us