Dream Sports’ US$400 Million Secondary Fund Raising

Sidley Austin LLP advised Dream Sports on the deal.

Dream Sports, the owner of online fantasy sports platform Dream11, and India’s first online gaming unicorn, closed a US$400 million secondary funding round, bringing Dream Sports’ valuation close to US$5 billion. Investors participating in the round included Falcon Edge Capital, Tiger Global, ChrysCapital, TCV, D1 Capital Partners, Steadview Capital, and Footpath Ventures, among others.

The Sidley team was led by Sidley partners Andrew Harper (Emerging Companies and Venture Capital, Palo Alto, Picture) and Parthiv Rishi (Private Equity, Singapore), and included Manoj Bhargava and Martin Wellington (Capital Markets); Idan Netser (Tax, and Emerging Companies and Venture Capital); Matthew E. Johnson and Shaika Ahmed (Emerging Companies and Venture Capital); James Lowe, Miriam Carroll Silvestri, and Elizabeth Chen (Antitrust/Competition); James Mendenhall (Global Arbitration, Trade and Advocacy); and Moses Tan (M&A).

Involved fees earner: Idan Netser – Fenwick & West LLP; Manoj Bhargava – Sidley Austin LLP; Elizabeth Chen – Sidley Austin LLP; Andrew Harper – Sidley Austin LLP; Matthew Johnson – Sidley Austin LLP; James Lowe – Sidley Austin LLP; James Mendenhall – Sidley Austin LLP; Parthiv Rishi – Sidley Austin LLP; Miriam Carroll Silvestri – Sidley Austin LLP; Moses Tan – Sidley Austin LLP; Martin Wellington – Sidley Austin LLP;

Law Firms: Fenwick & West LLP; Sidley Austin LLP;

Clients: Dream Sports ;

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Martina Bellini

Author: Martina Bellini