Dream Sports has cash to spend, and on Monday it acquired Rolocule Games for an undisclosed sum.
India’s Rolocule focuses on midcore mobile games, which are short in duration and somewhat complex. The startup will be rebranded as Dream Sports Studios.
Last week, Mumbai-based Dream Sports launched Dream Capital, a $250 million venture fund focused on early stage sports, fitness, and gaming technology startups.
- The fund plans to invest in around 20 startups over the next 12 to 24 months.
- Dream Capital will target companies with the potential for $100 million in annual revenue in the next five years with investments between $1 million and $100 million.
- Dream Sports has a separate investment vehicle, Dream Sports Investments. DSI invested $50 million in cricket streaming company FanCode in May.
In addition to funding, Dream Sports can offer startups in its network access to its user base of 125 million people.
Best known for its fantasy sports platform Dream11, Dream Sports closed a $400 million funding round in March at a valuation just south of $5 billion — nearly double the valuation it received in a $225 million funding round in September 2020.