Dream Sports recently announced it was launching a $250 million corporate venture capital fund. Dream Capital will invest at least $1 million in roughly 20 start-up companies over the next two years.
Organizations will be given an investment that ranges from $1 million up to $100 million. The companies that receive money will be selected because they show the ability to potentially generate $100 million in revenue over the next five years.
“We want to redeploy our Ebitda and re-invest further into inorganic growth because, while organic growth continues, we don’t want to fall into that age-old trap of trying to do everything ourselves,” said Harsh Jain, Dream Sports’ founder. “We are good at something, and we’ll continue to grow that. What we do want is to back entrepreneurs, and to invest in other founders.”
Dream Sports Inc. was founded in 2008 and is currently headquartered in Mumbai, India. Back in March, the organization raised $400 million at a $5 billion valuation.
(All information was provided by Google and Sports Pro Media)
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