The Tencent-backed online sports app operator’s latest secondary round valued it at nearly $5bn, though the identity of the sellers has not been disclosed.

A range of investors have provided $400m for a secondary share purchase for Dream Sports, the India-based creator of fantasy sports app Dream11 that counts internet group Tencent as an investor, TechCrunch reported yesterday.

Growth equity firm TCV, investment firm D1 Capital Partners and alternative asset manager Falcon Edge Capital’s Alpha Wave unit co-led the round, which included ChrysCapital, Footpath Ventures, Steadview Capital, Tiger Global and TPG Growth.

The identity of the selling shareholders has not been revealed but Avendus…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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