Dream Sports, which owns fantasy sports platform Dream11, has made an initial allocation of $250 million for its corporate venture capital and acquisitions arm, Dream Capital to invest in sports, gaming and fitness-tech startups. With the corpus, Dream Capital has also executed the acquisition of video game developer Rolocule, which has been rebranded as DreamGameStudios, post the merger. “Dream Capital is also open to co-invest with other VC firms, particularly at an early stage. Dream Capital will also make follow-on investments in companies incubated under its sports accelerator program, DreamX. He did not share specific details on the fund of funds, but said that Dream Capital could invest directly in startups outside India, as well.

Source: Mint August 11, 2021 12:56 UTC