Dream Capital, the venture capital arm of online fantasy gaming start-up Dream11 parent Dream Sports, recently announced a $250 million (approximately INR 1,856 crore) investment. The funds will be used to invest in Indian start-ups in sports, gaming, and fitness technology.

The firm has previously invested in start-ups such as SoStronk, DreamGameStudios, Elevar, FanCode, and DreamSetGo. According to Dream Sports, the venture capital and blend and gaining arm will use a multi-stage strategy with ticket sizes ranging from $1 million to $100 million, with a focus on the sports, gaming, and fitness-tech sectors.

DreamCap intends to back start-ups that revolve around unsettling technology, data insights, good products, and the potential to achieve at least $100 million in annual revenue in five years.

"Dream Sports has a collective user base of 125 million sports fans, and we recognise the great growth opportunities in sports, gaming and fitness-tech in India. As entrepreneurs ourselves, we are here to back other entrepreneurs through Dream Capital and provide them with access to our 125 million-strong user base and operational support from our expert team of CXOs,” said, Co-founder Harsh Jain.

“Company has assessed over 250 startups and has invested in eight companies so far, including SoStronk, DreamGameStudios, Elevar, FanCode and DreamSetGo. DreamGameStudios, formerly known as Rolocule, was acquired by Dream Sports,” the Company added.