Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
Techiexpert.com
No Result
View All Result

Tencent leads $100 mn investment in fantasy sport platform Dream11

Sony T by Sony T
September 8, 2018
in Startup news
0
Tencent leads $100 mn investment in fantasy sport platform Dream11 1
9
SHARES
126
VIEWS
Share on FacebookShare on Twitter

Mumbai-based fantasy sports platform Dream11 has raised around ₹720 crores ($100 million) in series D funding led by Tencent Holdings, China’s largest gaming and social media company.

The development has been confirmed by the application development company Dream11’s spokesperson, saying that the fantasy gaming platform has raised series D funding from Tencent and other existing investors, refusing to comment on the sum raised.

Some of the previous reports suggested that the Chinese gaming giant Tencent Emulator Download was looking to venture into the Indian gaming industry. According to the surfaced reports, Tencent was planning to invest around $200 million in India’s growing gaming industry in the first year, with a goal of capturing a third of the country’s gaming user base in two years.

The startup which is founded by two people Harsh Jain and Bhavit Sheth in the year 2012, Dream11 provides a platform for the people who is having a fans to showcase their knowledge in various fantasy sports like cricket, football, kabaddi, and NBA, to win some real cash. The platform engages fans to create a comprehensive gaming platform by enabling deeper connections.

The gaming platform claims to more than 4 crore users who is playing different fantasy sports on a dialy basis.

This new partnership will help Tencent Gaming Buddy download to leverage Tencent’s vast experience in the gaming industry and its technology to enhance gaming experience across its platform as it engages more users to expand its user base.

Dream11 last raised an undisclosed amount of funds in the funding series of C from some of the leading investors which includes the Kalaari Capital and Multiples Alternate Asset Management Private Limited in January 2017.

According to a report which has been revealed, the Indian gaming market was estimated at an amount of $338.4 million in revenue in 2016. The company has been expected to grow threefold in the next four years to touch $1.1 billion by 2021.

Tags: Mumbai startups
Share4Tweet2Share1Pin1

Popular this week

  • Y2Mate.com 2023: How to Download Videos and Audios

    Y2Mate.com 2023: How to Download Videos and Audios

    513 shares
    Share 205 Tweet 128
  • Renesas Expands IoT Footprint with Sequans Acquisition

    3123 shares
    Share 1249 Tweet 781
  • Global Cybersecurity Innovator, Zeron, Secures $500,000 in Seed Funding

    71 shares
    Share 28 Tweet 18
  • Citi’s Token Service Paves the Path for Blockchain Adoption

    67 shares
    Share 27 Tweet 17
  • Top 10 Omegle Alternatives you might like

    421 shares
    Share 168 Tweet 105
  • What is windows modules installer ? How to Enable/Disable

    174 shares
    Share 70 Tweet 44

Popular Sections On Techiexpert

Artificial Intelligence Big Data Blockchain Blogging Cloud Computing Data Analytics How to Internet Of Things Machine Learning Marketing Trends Social Media Startup news Tech news

Latest Stories on Techiexpert

Top 10 Innovative Indian AI startups

Top 10 Innovative Indian AI startups
Share4Tweet3Share1Pin1

Connect Me to My Internet Provider’s Support Team

Internet Provider
Share4Tweet3Share1Pin1

How to Get Crunchyroll on any Device?

5 Must-Have Uploader Apps to Streamline Your Workflow
Share4Tweet3Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.