US Investors Linked with US$200 Million Stake in Dream11

Frontrunners have emerged in the race to grab a slice of leading fantasy sports platform Dream 11, with two US institutional investors reportedly set to put in US$150-200 million (appro🀅x. Rs. 1,100-1460 Crores).

According to sources♕ quoted in (behind paywall), US private equity firms TPG Capital and Insight Partners are in pole position t💎o join the gaming unicorn as primary investors.

An investment of the size quoted would give Dream11 a valuation of $2 billion (Rs 14,644 crore), just a year and a half after joining the unicorn club.

In January this year, it was reported that Dream11 was looking to raise $500 million from various. The talks ended🙈 in March, without success and the identity of the suitors wasn't identified.

Neither the investors mentioned nor Dream11♏ wanted or responded to a request for comment for the VCCircle article.

We previously reported how Dream11 was closing in a US$235 funding deal in August, which could see maj💙or investor Tencent's share in the firm drop to single figures.

It's set to be a crucial few months for Dream11. The new IPL title sponsors will be hoping to maximise that partnership as🐽 IPL 2020 finally gets underway later in September and solidify their position as the largest fantasy operator in India.