Dream11

It is in talks with multiple existing investors of Dream11 for the stake buyout

Dream11 is seeking a valuation of $2.5 Bn with this investment

The fantasy sports gaming startup entered the unicorn club in April this year

Bombay HC also dismissed the allegations of tax evasion by the platform

In 2017, the Punjab High Court has also passed a similar ruling

Supreme Court has also upheld the 2017 verdict of Punjab HC

Between 2014 and Q1 2019, venture capital funding in Indian gaming startups reached $337 Mn

Indian fantasy sports platforms accounted for 80.62% of all investments till Q1-2019

The Indian gaming market is poised to overtake China by 2023 in terms of revenue and users

India startup ecosystem ranked 17th position in 2018

342 startups get angel tax exemption

Madras High Court lifted ban on TikTok App

Dream11 joined unicorn club this week

CleverTap raises $26 Mn from Sequoia, Tiger, Accel Partners etc

This week 17 startups raised $98.03 Mn

Kalaari Capital, Think Investments and Multiples Equity have sold their stakes in the company

Dream11 aims to reach 100 Mn users in 2019

Dream11 was one of 42 innovative startups in Inc42’s 42Next list

Dream11 is on the verge of becoming the first India-based gaming unicorn

The gaming startup doubled its headcount last year, received $100 Mn in funding

Cofounder Bhavit Sheth says Dream11 has rewritten its entire code

Cricbuzz, IMG Reliance, DSport, and Dream11 have banned PSL on their platforms

PSL began on the same day as the Pulwama terror attack

Vehicle carrying 40 CRPF jawans was attacked on Feb 14 in Pulwama district

Dream11 raised $100 Mn in a Series D funding round led by Tencent

Udaan became the fastest unicorn in India within 26 months of its inception

Cure.Fit and ShareChat are growing at an astronomical pace, servicing native needs

With $225 Mn funding, Udaan became the fastest startup to reach the unicorn status

Two other biggest funding rounds this week were raised by GreyOrange ($140 Mn) and Dream11 ($100 Mn)

In all, this week, 16 startups raised a total of $173 Mn funding and three acquisitions took place in the Indian startup ecosystem

Existing investors, including Kalaari Capital and Multiples Alternate Asset Management, also invested in the funding round

It has been speculated that Dream11 has been valued at $750 Mn in the latest funding

Tencent was looking to invest $5 Mn-$15 Mn across segments such as gaming, content, social media, and consumer lending in India

The Funding is Expected To Value Dream11 At $450 Mn