It’s game on for VC firm Dream Capital as it partners with startups to build a sports ecosystem
Staff, 2022-10-24 22:35:00,
Technology has enabled us to have stronger engagement with sports through various avenues. And tapping into this opportunity is Dream Capital, the venture capital and M&A arm of Dream Sports, which seeks to build an ecosystem around sporting activity.
Today, sports is not just a competition between individuals or teams, but has expanded much more into genres like fantasy games, esports, mobile games, etc. Dream Capital is looking to cash in on this opportunity by incubating new businesses or by partnering with startups in this space.
Dream Capital’s parent company, Dream Sports, is already a market leader in the fantasy sports segment in India, with a user base of 150 million. This has only driven the VC arm to be at the epicentre of this growing sporting ecosystem in the country.
Started in March 2020, Dream Capital has a corpus of $250 million, which is derived from the balance sheet capital of Dream Sports.
In an interaction with YourStory, Dev Bajaj, Chief Strategy Officer of Dream Sports, and Head Dream Capital, says, “The top-most priority is to understand where our users are going to spend their time and money, if not now, but in the next 3-5 years, and how we can help businesses accelerate them to a potential total addressable market.”
Dev was earlier a…
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