Dream11 looks to raise $235 Mn in fresh funding; Tencent’s share may come down
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Indian fantasy sports platform Dream11, which recently won the title sponsorship rights for the cash-rich Indian Premier League’s (IPL) 2020 edition, is reportedly looking to raise a fresh round of funds from at least four private equity firms. Sources privy to the matter told The Indian Express that the deal is worth $235 Mn, with a $35 Mn primary fund and a $200 Mn worth secondary sale of shares.