Dream11 in talks to raise over $400 Mn at $8.5 Bn valuation

  • Dream Sports, the company that runs fantasy sports platform Dream11, is in talks to raise at least $400 million in a round with participation from both new and old investors, say two people familiar with the development.
  • Dream11 will probably be the first consumer internet company to list in the US. A clutch of companies in India including Paytm, Nykaa and Policybazaar are set for stock exchange debuts.
  • In April, the company was also weighing to raise $1.5 billion from public listing through a special purpose acquisition company.
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