SoftBank Vision Fund, Naspers Ventures and potentially Tencent are in line to invest in fantasy sports platform Dream11 at a valuation of up to $2.5bn.
India-based daily fantasy sports platform Dream11 has begun talks with investors including telecommunications firm SoftBank’s Vision Fund and media and e-commerce group Naspers to raise up to $500m, Times of India reported on Friday.
Hedge fund manager Tiger Global Management is also in discussions concerning the potential round, which will value the company at $2bn to $2.5bn according to two sources briefed on the matter.
Naspers would participate through corporate venturing unit Naspers Ventures while internet group Tencent, an existing…
