Dream Sports $8 Billion Valuation Indicates Huge Interest in Indian Gaming Sector

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Dream Sports $8 Billion Valuation Indicates Huge Interest in Indian Gaming Sector

By Puneet Sikka

Investing.com -- Yesterday Dream Sports, the owner of Dream 11 (a fantasy sports platform) announced that it raised $840 million from a number of investors that include Tiger Global and Falcon Edge at a valuation of $8 billion. This is a rapid rise for Dream Sports considering it had become a unicorn (a billion-dollar company) only two years back and a $5 billion company earlier this year.

India is the world's largest market for game downloads, and according to ResearchAndMarkets, the global gaming market could grow from $174 billion in 2020 to $314 billion in 2026, a CAGR (compounded annual growth rate) of around 10%. The research firm mentions that the post-COVID world forced more people to stay at home and many switched to online gaming.

India gaming market is gaining more focus from global investors also because of the recent crackdown by China on the gaming companies. All in all, this looks like a great time to be a gaming company.

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  • A K Gamer @A K Gamer
    I will invest in this one because of its huge opportunity and still profitablility
    Like 0

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