New Delhi: Dream11, online gaming firm, on Tuesday announced the completion of a secondary investment by Steadview Capital, an Asia-focused alternative asset manager. The investment takes Dream11’s valuation at over $1 billion making it first Indian gaming company to enter the Unicorn club. “We are excited to welcome Steadview Capital on board. Apart from Steadview Capital, Kalaari Capital, Think Investments, Multiples Equity and Tencent are the other investors in the company. The court, however, ruled that fantasy gaming involves skill rather than chance in April last year.

Source: Mint April 09, 2019 07:07 UTC