Engagement — Platform Due Diligence
Code & Co. advises TCV on tech & product due diligence in its investment in Dream Sports, owner of fantasy sports app Dream11 from India
Founded in 2008, Dream11, India’s largest fantasy sports platform, brings fans closer to the sports they love. With more than 100 million users, the fast-growing app platform allows gamers to create virtual teams comprising real-life players and lets them organize matches based on statistical performances of those players in real games.
This investment round is TCV’s first investment in India and the largest investment in the Indian sports tech ecosystem to date – a testimony to its growing market potential.
For more than 25 years, TCV has helped build industry-leading companies by creating long-term relationships with CEOs and founders of businesses that have achieved product-market fit and are ready to scale. Since its inception in 1995, it has invested over $15 billion in leading technology companies, including Airbnb, Expedia, Facebook, Fandango, GoDaddy, Netflix, and Peloton.
Code & Co. advised TCV on Tech & Product Due Diligence with a focus on the company’s technical architecture, machine learning strategy, and growth roadmap beyond its already burgeoning scale of more than 100 million users.
Investors across the globe turn to Code & Co. as a market-leading technology and product advisor for growth equity investments. This most recent venture is another example of Code & Co.’s extensive sector expertise in highly complex technical and operational sectors of the global digital economy.