Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>The secondary investment round was led by TCV, D1 Capital Partners and Falcon Edge.</li><li>Interestingly, TCV is an early investor in companies like Netflix, Airbnb.</li><li><keyword id="6214644" type="UNKNOWN" weightage="20" keywordseo="Dream11">Dream11</keyword>'s <keyword id="51393" type="PERSON" weightage="20" keywordseo="valuation">valuation</keyword> has doubled to $5 billion with the <keyword id="10986871" type="UNKNOWN" weightage="20" keywordseo="latest-funding">latest funding</keyword>.</li></ul> Dream11's parent company Dreamsports has raised $400 million in its latest funding round. With the same, the sportstech platform's valuation has reportedly almost doubled to $5 billion. Dream11's new<a href="https://timesofindia.indiatimes.com/business/india-business/dream-11-valued-at-close-to-5-billion-after-400-million-fund-raise/articleshow/81668237.cms"> valuation</a> brings it to the league of India's most valued unicorns like Paytm ($16 billion), BYJU'S ($12 billion), OYO ($9 billion), Zomato ($5 billion) among others. The secondary investment round was led by investors TCV, D1 Capital Partners and Falcon Edge, while the company's earlier investors Tiger Global, ChrysCapital, TPG Growth, Steadview Capital and Footpath Ventures too participated in the round. Earlier in August last year, Dream Sports had raised $225 million from Tiger Global, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures. Interestingly, TCV is an early investor in companies like Netflix, Airbnb. "India is home to the world's largest and most energetic sports fan base with a dynamic mix that is unique to the subcontinent. Dream Sports is serving this community with a highly innovative product offering,” said Gopi Vaddi, general partner at TCV. Dream11's funding comes as the Indian Premier League is set to take place between April and May, 2021. The fantasy gaming platform sees a majority of its revenue coming from the IPL. The 13-year old startup had also become the title sponsor for the last edition of the Indian Premier League. Last year, the company had also entered into sports merchandising. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/dream11-gets-225-million-in-fresh-funds-valuation-could-hit-2-5-billion-for-the-gaming-unicorn/articleshow/78101706.cms">Dream11's parent firm gets $225 million in fresh funds – valuation could hit $2.5 billion for the gaming unicorn</a> <a href="https://www.businessinsider.in/business/startups/news/peter-thiel-backed-vc-firm-valar-ventures-invests-in-indian-fintech-startup-velocity/articleshow/81663073.cms">Peter Thiel-backed VC firm Valar Ventures invests in Indian fintech startup Velocity</a> <a href="https://www.businessinsider.in/business/startups/news/personal-loan-platform-kreditbee-app-raises-70-million-in-its-series-c-round/articleshow/81626620.cms">Lending platform KreditBee raises $70 million in its series C round, a month after it got $75 million</a>

Dream11 parent co raises $400 million from Netflix, Airbnb investor – valuation doubles to $5 billion

<ul><li>The company is looking to raise $1.5 billion at a valuation of $6 billion.</li><li><keyword id="3189938" type="PERSON" weightage="20" keywordseo="Dream-Sports">Dream Sports</keyword>' <keyword id="6354763" type="UNKNOWN" weightage="20" keywordseo="ipo">IPO</keyword> in the US could be through a special purpose acquisition company (<keyword id="1817616" type="ORGANIZATION" weightage="20" keywordseo="SPAC">SPAC</keyword>).</li><li>Dream Sports’ news on listing follows the reports of firms like Zomato, Delhivery, Nykaa, Pine Labs among others which are all looking to make their public market debut.</li></ul><keyword id="6214644" type="UNKNOWN" weightage="20" keywordseo="Dream11">Dream11</keyword>’s parent company Dream Sports is <a href="https://economictimes.indiatimes.com/tech/startups/dream11-parent-dream-sports-weighs-1-5-billion-us-listing/articleshow/82136391.cms">reportedly</a> heading for an initial public offering (IPO) in the US. As per a report by The Economic Times, the company is looking to raise $1.5 billion at a valuation of $6 billion. Dream Sports’ news about the listing follows the reports of unicorns like Zomato, Delhivery, Nykaa, Pine Labs among others which are all looking to make their public market debut. Business Insider has written to Dream Sports requesting comments and the story will be updated if and when the company responds. The news of Dream11’s IPO comes at a time when India has just seen its first public market listing for a gaming company – Nazara Technologies. As per the news report, banks like Morgan Stanley, JP Morgan and Citigroup are in talks with the company for the probable listing, which could also be through a special purpose acquisition company (SPAC). SPAC companies are generally formed as “blank cheque” firms with the specific purpose to raise capital through a market debut to acquire another company. E-commerce giant Flipkart is also looking <a href="https://www.businessinsider.in/stock-market/news/walmarts-flipkart-is-targeting-a-4th-quarter-ipo-that-could-value-it-at-35-billion-new-report-says/articleshow/81938010.cms">to list in the US</a> through a merger with a SPAC, while renewable energy firm <a href="https://www.businessinsider.in/stock-market/news/chamath-palihapitiya-unveils-investment-in-renew-power-indias-largest-clean-energy-company-thats-set-to-go-public-via-spac/articleshow/81196529.cms">Renew Power </a>has already announced its merger with a blank cheque company for a listing in the US. Dreamsports had last raised $400 million in March, 2021. With the same, the sportstech platform's valuation had almost doubled to $5 billion. The secondary investment round was led by investors TCV, D1 Capital Partners and Falcon Edge, while the company's earlier investors Tiger Global, ChrysCapital, TPG Growth, Steadview Capital and Footpath Ventures too participated in the round. The 13-year old startup had also become the title sponsor of the Indian Premier League (IPL) in 2020. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/business/startups/news/vcs-say-10-unicorns-in-4-months-may-seem-too-small-by-the-end-of-this-year/articleshow/82097709.cms">VCs say 10 unicorns in 4 months may seem too small by the end of this year</a>

Dream11’s parent company is reportedly the latest contender for a public market debut in the US

<ul><li>Employees are beginning to realise that <keyword id="123591" type="PERSON" weightage="20" keywordseo="Work-from-home">work from home</keyword> is beginning to translate to always available.</li><li>There are endless zoom calls, bosses overworking them because really where else can they go in a lockdown and to top it all – pay cuts.</li><li>Companies are slowly beginning to realise and are now offering extended lunch breaks, no meeting days and more.</li></ul>In the wee hours of the morning at 5.30 am, Priyanka Pandey (name changed), an IT professional woke up from her sleep to login to a Zoom call. “There are no work hours anymore,” she said. But it's not just her alone, as work from home becomes the new normal, employees are beginning to realise that work from home is beginning to translate to always available. There are endless zoom calls, bosses overworking them because really where else can they go in a lockdown and to top it all – pay cuts and the fear that if they speak up now, there’s a threat to their job. “One big issue is there is no segregation between personal life and office life now. We are expected to be available all the time, including weekends, simply because the employer assumes that we are at home all the time due to the ongoing situation,” said an employee at a law firm. Endless meetings and work hours In India, employees are working way beyond 48 hours a week – crossing International Labour Organization’s norms of working. According to the labour standards. “the general standard is 48 regular hours of work per week, with a maximum of eight hours per day.” says the ILO website. In April, Microsoft Teams saw 200 million meeting participants in a single day and as of April 29 a new daily record of 4.1 billion meeting minutes in one day. Understanding the stress and anxiety of employees, tech giant Google in May announced a company holiday to let employees relax. “One of the bigger challenges for a distributed workforce is collaboration. It helps to have core working hours for scheduling all work-related virtual meetings and interactions. This gives employees clarity and helps set boundaries,” said Anuradha Bharat, Head, People Operations at Razorpay. Taking cognizance of the piling number of meetings on employees, gaming unicorn DreamSports which runs Dream11 has announced ‘no meeting Thursdays’ to allow one day a week that are meeting-free for straight 4 hours. The startup has also extended the lunch break from 60 minutes to 90 minutes. “Since the onset of COVID19, there has been a drastic change in lifestyle clubbed with a global economic slowdown. This has led to anxiety and insecurity among people everywhere. To ensure the mental and physical wellbeing of our employees, Dream Sports introduced various programs and activities to build positivity and boost their morale,” said Kevin Freitas, CHRO, Dream Sports. Connectivity, chairs and no chai Work from home along with it has brought a new set of issues. “There’s connectivity issues at times, setting up a comfortable work from home office is not possible and we can’t take those chai breaks anymore,” said another employee. The employee's suggestion is weekly calls to connect with the team at a personal level is important. At Razorpay, they have set up a work from home allowance to help employees. “Ensuring employees can work comfortably from home is the primary need. Some may not have high-speed internet, others might not have a comfortable work chair. We have found that providing a no-questions-asked allowance to set up a home office and partnering with brands offering such products like ergonomic chairs at a subsidised cost goes a long way in making the employee’s life that much easier,” said Bharat. HR tech startup <a href="https://www.livemint.com/companies/news/companies-offer-home-office-upgrade-to-make-work-from-home-comfortable-11590149589007.html">Springworks</a> in Bengaluru, has been sending office chairs that have been lying vacant to the employee’s homes while also reimbursing some for their internet connection. Interestingly, Dream11 has planned ‘seasonal surprises’ that is doorstep delivery of goodies to cheer up employees, while also arranging travel for employees outside of Mumbai to help them get back home safe. Dream11 will also be arranging groceries for employees who are stuck in the red zone. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/zooms-india-head-sameer-raje-believes-he-will-able-to-convince-the-home-ministry-that-the-app-is-safe/articleshow/76636946.cms">INTERVIEW: Zoom's India head believes he will able to convince the Home Ministry that the app is safe</a> <a href="https://www.businessinsider.in/thelife/news/the-lawyers-who-got-india-to-legalise-homosexuality-will-now-push-for-same-sex-marriage/articleshow/76624406.cms">The lawyers who got India to legalise homosexuality will now push for same sex marriage</a>

Work from home fun is over – now there are endless work hours, midnight calls from bosses and employees are not happy

You Searched For "Dream11 dreamsports" and got 3 results

Dream11 parent co raises $400 million from Netflix, Airbnb investor – valuation doubles to $5 billion

Sanchita Dash

Dream11’s parent company is reportedly the latest contender for a public market debut in the US

Sanchita Dash

Work from home fun is over – now there are endless work hours, midnight calls from bosses and employees are not happy

Sanchita Dash

Popular Keywords

Buying Guides