Fresh Round: Dream 11 parent firm raises $400 million

Dream Sports, which owns online fantasy sports platform Dream11, has closed a $400-million secondary investment round led by new investors TCV, D1 Capital Partners and Falcon Edge. Post this fund-raise, the firm’s valuation has jumped over $4 billion, a source said. The company had raised $225 million at a valuation of $2.5 billion in September last year.
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