Dream Sports, an India-based sports tech company, has completed an investment of $840 Million at an $8 billion valuation, led by Falcon Edge, DST Global, D1 Capital, RedBird Capital and Tiger Global.

The round also saw participation from existing investors like TPG and Footpath Ventures, making it amongst the largest investments globally in the sports tech sector.

Dream Sports, with an existing user base of 140 million Indian sports fans, is on a mission to build one of the world’s largest sports ecosystems which includes sports content, commerce, experiences, fan engagement (including sports gaming and esports), web 3.0 solutions, fantasy sports and fitness tech.

Earlier this year, the company further strengthened its commitment to this space by announcing a corpus of $250 million through its Corporate venturing capital (CVC) and merger and acquisition (M&A) arm, Dream Capital. Dream Capital has built an initial portfolio of 10 companies, largely focusing on thematic early stage investments in India, including, Fittr, SoStronk, KheloMore and Elevar. It is now expanding its sports, fan engagement and fitness portfolio in India and globally.

“Our vision and mission is to create an entrepreneur-led virtuous cycle of investment, innovation and wealth creation for all stakeholders in the sports ecosystem, from fans to athletes, teams and leagues. Our investors have deep experience in developing sports ecosystems globally, and we are fortunate to have their guidance to ‘Make Sports Better’ for 1 Billion Indian sports fans,” said Harsh Jain, Chief Executive Officer and Co-Founder of Dream Sports.

DST Global Managing Partner Rahul Mehta also said :”We’re excited to partner with the Dream Sports family in their vision of building the leading end-to-end sports tech company in India. We’re very impressed with their customer centric approach, product strategy and ability to strengthen connections between fans and their favorite sports.”

Dream Sports is India sports technology company housing brands such as Dream11, the world’s largest fantasy sports platform, FanCode, a premier sports content and commerce platform, Dream Capital, a CVC and M&A arm, DreamSetGo, a sports experiences platform, and DreamPay, a payment solutions provider.

The company is based in Mumbai and has a workforce of close to 1,000 ‘Sportans’. Founded in 2008 by Harsh Jain and Bhavit Sheth, its mission is to ‘Make Sports Better’ for fans through the confluence of sports and technology.