Dream11, the market leader in India's daily fantasy sports sector, is in talks with Tencent over a $100m investment at a valuation of up to $450m.
Internet group Tencent has reached the advanced stage of talks to invest about $100m in India-based fantasy sports platform Dream11, the Economic Times reported today.
The prospective deal would value Dream11 at $400m to $450m according to a term sheet drawn up by Tencent, three sources with knowledge of the developments told ET.
Founded in 2012, Dream11 runs an online platform where users can compete against each other for prizes on fantasy games covering professional football, cricket or basketball. The…
