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Miguel Cordon · · 1 min readIndian sports platform banks $50m from parent firm Dream Sports
India’s FanCode, a digital platform for sports-related media, has raised US$50 million to bankroll its growth efforts and scale its services.
More funding details
- Lead investors: Dream Sports Investments, the investment arm of FanCode’s parent firm, Dream Sports
- Stage: Unspecified
More company updates
- FanCode said it will expand its team to house engineering and product development talent across various roles and leadership positions.
- In addition to making new hires, the company will look for more partnership with sports brands, said FanCode co-founder Prasana Krishnan. It has worked with famous organizations such as the NFL, MLB, NBA, and Cricket West Indies.
- Since its establishment in 2019, FanCode said it has onboarded more than 20 million users. It aims to bump that number up to 100 million by July 2022, co-founder Yannick Colaco said.
- The investment comes after Dream Sports raised US$400 million earlier this year in a round led by early Netflix investor TCV, among others.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado and Eileen C. Ang
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