In a move to expand its presence in the gaming and fitness-tech ecosystem, fantasy gaming company Dream Sports venture capital arm Dream Capital has announced plans to infuse a corpus of $250 million (about Rs 1,856 crore), in Indian start-ups in the field of sports, gaming and fitness-tech industries.
The company in the past year has invested in eight Indian start-ups including SoStronk, DreamGameStudios, Elevar, FanCode, and DreamSetGo. “As the corporate venture capital and merger and acquisition arm of Dream Sports, DreamCap will follow a multi-stage investment strategy ranging from $1 million to $100 million ticket sizes, with in-depth coverage of the sports, gaming, and fitness-tech sectors,” the VC firm said.
DreamCap is also looking to support start-ups with disruptive technology, great products, data insights, and the potential to achieve at least $100 million individually in annual revenues within five years.
The company claims to have assessed over 250 start-ups and invested in eight companies so far. Some of these investments also include the acquisition of DreamGameStudios (formerly known as Rolocule) – a mobile gaming studio building best-in-class sports games, as well as a minority investment in SoStronk – a B2C Esports platform for all competitive gamers and Elevar – a D2C performance sports footwear and equipment brand.
DreamCap is also doing large follow-on rounds in DS incubated businesses like FanCode and DreamSetGo. “Dream Sports has a collective user base of 125 million sports fans, and we recognize the great growth opportunities in sports, gaming, and fitness-tech in India.
As entrepreneurs ourselves, we are here to back other entrepreneurs through Dream Capital and provide them with access to our 125 million-strong user base and operational support from our expert team of CXOs,” Dream Sports CEO and co-founder Harsh Jain said.