Dream11 raises $400 mn, valuation reportedly doubles to $5 bn

Online fantasy sports platform Dream11-parent Dream Sports has raised $400 million led by marquee global investors like TCV, D1 Capital Partners and Falcon Edge. The latest round has valued Dream11 at nearly $5 billion, TechCrunch reported. The startup was valued at around $2.5 billion in September last year. Several early investors have sold their stakes in Dream11 with this round.