1947 Tech 🇮🇳: 179

Dream11, NoBroker & homegrown funds!

1. Dream11 parent raises $840 million at $8 billion valuation

India’s Dream Sports, the parent of popular fantasy gaming company Dream11, said on Wednesday it had raised $840 million from investors led by Falcon Edge, Tiger Global and others in a deal that valued the sports technology firm at $8 billion.

Founded in 2008, Dream Sports, has 140 million users and runs companies such as sport content platform FanCode and DreamSetGo, which offers everything from game tickets and hospitality to stadium tours and celebrity events.

Dream11 parent raises $840 million at $8 billion valuation

2. NoBroker becomes India’s first proptech unicorn after $210 mn funding round

NoBroker, a platform that helps tenants to connect directly with property owners, has become the latest entrant to the unicorn after raising $210 million ( ₹1,575 crore) from investors on Monday. With this, the Bengaluru-based company has become the first player in the real estate technology sector in the country.

“We have raised $210 million fund from investors for our expansion plan,” said NoBroker Co-Founder Akhil Gupta after the fundraise.

Reaching $1 billion valuation within eight years of commencing operations, NoBroker will use the proceeds from the latest funding round to expand its business across 50 cities in India. The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures. With this latest funding round, the company has so far raised $361 million.

NoBroker becomes India’s first proptech unicorn after $210 mn funding round

A podcast:

Shiva Singh Sangwan @shivassangwan

1947 Rise! Hear out Gautam's (@gshewakr) journey of moving back to India, building a company, helping companies like Quora and Skillshare. Currently heading @beondeck in India. Gautam says On Deck and ODX are relevant to India. India is special for OD.

anchor.fm11: Gautam Shewakramani (On Deck) by 1947 RiseGautam Shewakramani is the Head of APAC and India; International Product and Growth at On Deck. Previously he built a company and headed International Product and Growth for Quora and Skillshare. SHOW NOTES The journey from growing up in India to moving to the US and then moving back to India (1:0…

Some tennis: 

Shiva Singh Sangwan @shivassangwan

@pitdesi came all the way from the SF to Gurgaon for this tennis session! 🎾

Worth paying attention

1. ShareChat parent in talks to raise $500 mn at $5 bn value Link

2. Paytm IPO investors lose $900 mn in 2 days as India’s biggest listing flops Link

3. Purplle.com closes $65 million Series D funding from Premji Invest Link

4. Infra.Market nears closure of new round at over $4 Bn valuation Link

5. Parking solutions platform Park+ raises $25 million Link

6. WaterBridge marks final close of second VC fund at $150 mn; eyes 25 investments Link

7. Exclusive: Freshworks, Dream11, Swiggy and Indifi founders invest in Pine Labs Link

8. Binny Bansal, others invest $6 mn in Mindhouse Link

9. India’s Blume Ventures raises $105 million in the first close of its fourth fund Link

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