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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.
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.
Worth paying attention
ShareChat parent in talks to raise $500 mn at $5 bn value Link
Paytm IPO investors lose $900 mn in 2 days as India’s biggest listing flops Link
Purplle.com closes $65 million Series D funding from Premji Invest Link
Infra.Market nears closure of new round at over $4 Bn valuation Link
Parking solutions platform Park+ raises $25 million Link
WaterBridge marks final close of second VC fund at $150 mn; eyes 25 investments Link
Exclusive: Freshworks, Dream11, Swiggy and Indifi founders invest in Pine Labs Link
Binny Bansal, others invest $6 mn in Mindhouse Link
India’s Blume Ventures raises $105 million in the first close of its fourth fund Link