Dream Sports Sign Dev Bajaj as Chief Corporate Development Officer

Dream11 owner Dream Sports have announced that Dev Bajaj has joined the 😼company from Kalaari Capital.

Bajaj will take up ꦰthe role as chief corporate development officer, having previously worked as a venture capital partner in charg🧸e of evaluation and management of early funding across multiple sectors.

These included fintech, gaming🗹, and sportstech, and Bajaj's wealth of experience also includes stints in private equity and inv⛄estment banking in the USA.

His new portfolio will include leading investmen𝔉t and driving global strategic partnerships in fantasy sports, gaming and other related areas. Bajaj a💃lso successfully founded and built the agtech start-up MITRA.

Working closely with the leaders of Dream Sportsꦰ various brands such as Dream11, FanCode and DreamX, Bajaj will advise on future funding and strategic business planning.

Harsh Jain, co-founder and CEO of Dream Sports, was : "Dev's extensive and versatile experience as an investor and entrepreneur over the last decade will help us further build the sports ecosystem in India. With a strong passion𒁏 for sports, I am sure that Dev will be invaluable in identifying strategic partners and scaling potential sports businesses.

“While Dream11 continues to grow rapidly, Dream Sports is hiring over 250 talented people this year and actively expanding its portfolio of sports businesses. In the last year, we launched FanCode, a multi-sp♌ort aggregator platform with 15 million users already, and DreamX, a sports accelerator powering several new start-ups."

Bajaj said: "With $5.5 billion invested in sports tech in Asia, India leads the way with 40% of all sports tech start-ups in Asia, but has received less than 10% of the funding. Dream Sports can 🧔address this gap by helping entrepreneurs with capital and digital-product-first DNA.

"Therefore, we believe there are multiple early and growth-stage investment opportunities fo🅺r us within fantasy sports, gaming an💮d the broader sportstech ecosystem. In my new role, I aim to ensure that start-ups and mid-stage companies find Dream Sports a valuable investor and partner."

Last year Dream11 entered the unicorn club, a term u🏅sed for start-ups with a valuat✤ion of over US$1 billion.

GLAWS published an exclusive interview with Dream11 CEO Harsh Jain in June 2018 where he discussed the company's explosive growth, which shows no sign of slowing dಞown.