Steadview Capital Buys Secondary Shares of Dream11.
As we grow, we inspire people to believe. And joining Dream11’s group of investors is our latest believer, Steadview Capital. Welcome aboard as we are just getting started.
Dream11 Co-Founder & CEO Harsh Jain talks about the value being created through Dream11, “We are excited to welcome Steadview Capital onboard. Our exponential growth over the past few years would not have been possible without the support and trust of our investors and Dreamsters (employees). Providing great returns to our shareholders, whether investors or Dreamsters, is very important to us and further reinforces their belief in Dream11. We will keep working hard and are targeting to end the year with 100 million users.”
This development comes at the stroke of Dream11 hitting 6 crore users, and Ravi Mehta, Managing Director at Steadview Capital knows that it’s just the beginning. “We at Steadview believe that Dream11 is poised to become the leading sports company in India catering to everything a sports fan needs. We think very highly of the visionary founders and are excited to partner with the team in this journey. The company’s phenomenal growth track-record, dominant leadership in daily fantasy gaming and strong engagement metrics is a testament to the consumer love for the platform.”
Dream11 Co-Founder & COO Bhavit Sheth talks about the importance of team effort. He says, “We are looking forward to working with the Steadview Capital team in providing the best sports experience to fans. I am proud of the fact that a lean yet highly efficient team of just over 200 Dreamsters have been the driving force behind our rapid growth.”
And Vani Kola, Founder & Managing Director, Kalaari Capital, lauds captains Harsh & Bhavit for continuing to push boundaries. ”A Startup is shaped by the spirit of the founders. At Dream11 that is obvious in everything, the aggressive scale, focused execution, customer centricity, employee well being. Becoming the latest unicorn is indeed a proud moment but I expect the Dream11 team to push sports engagement to new heights. Kalaari is glad to have been a part from the beginning of their journey.“
Shashin Shah, Founder and CIO, Think Investment also believes in the strength of our founders’ vision. “Harsh and Bhavit have done an incredible job of maintaining a great culture while guiding the business through hypergrowth. Dream11 is now the world’s largest fantasy sports game and is paving the way for Indian companies to build truly global consumer tech businesses.”
Sumit Sinha, Managing Director at Multiples Equity, marvels at the way Dream11 has redefined sports engagement. “At Dream11, we are excited to partner with a really top quality team to drive a shift in how people engage with sports. We are at the beginning of something really big here as this platform becomes synonymous with sports engagement over time.”
And we are always on the lookout for great talent to join us and live the dream. Apply here!