Dream Sports’ $250M fund💰
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Dream Sports sets up $250 mn venture fund💰
Dream Sports, the parent company of India's only gaming unicorn Dream11, has set up a $250 million corporate venture capital (CVC) fund to invest in sports, online gaming, and fitness-tech startups.
The launch of the new fund is a step towards Dream Sports' ambitions of becoming a full-stack sports and gaming conglomerate in India.
"We want to go public as a sports tech company. For that we need to have a substantial portion of our business coming from non-fantasy sports,” Jain told ET.
At present, it runs Dream11 (India's top fantasy sports app), Fancode (a sports content and commerce platform), DreamSetGo (a sports experiences platform), DreamPay (a payment solutions provider), and Dream Capital (the corporate venture arm).
These investments are part of Dream Sports’ broader push to become a one-stop solution for sports.
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Lenskart lays out an aggressive hiring plan for expansion👓
Lenskart plans to hire over 2,000 people by next year as the omnichannel eyewear store expands domestically and internationally.
Around 1,500 individuals will be hired to manage retail outlets, and more than 100 engineers will be hired to work on the company's technological teams. SoftBank-backed company will also hire 300 individuals for supply chain and manufacturing operations.
Lenskart also intends to hire approximately 300 individuals in international markets such as Singapore, the Middle East, and the United States.
Tweet of the day🐥
✅ Unacademy has signed former Indian cricket captain Mahendra Singh Dhoni as a brand ambassador.🏏
✅ MakeMyTrip has exited ixigo, an IPO-bound travel app, after earning an 8x return on its initial investment.🚂
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