In April, ​​cricket-focused NFT NFT Non-fungible Tokens A non-fungible token is a financial security, consisting of digital data stored in a blockchain, a form of a distributed ledger. platform Rario caused a flutter when it raised US$120 million. The Series A funding round was led by Dream Capital, the venture-capital arm of the US$8 billion-valued Dream Sports, one of India’s biggest and most successful gaming companies.

This was significant for a number of reasons. For one, it was the biggest cheque written by Dream Capital since it got off the blocks with a corpus of US$250 million in August August Economic Times Dream Sports sets up $250 million corporate venture fund Read more  last year. It was also Dream Capital’s first investment in a Web3 Web3 Web3 Web3 is an idea for a new iteration of the World Wide Web, based on blockchain technology, which incorporates concepts such as decentralization and token-based economics. company, with the potential to build something like Sorare Sorare Sorare Sorare is a fantasy football game that uses blockchain technology. , according to multiple gaming industry executives. The investment closely tailed Rario’s official licensing deal deal Economic Times Rario to bring NFTs of Australian cricket Read more  with the Australian cricket board, which may have piqued Dream Capital’s interest. 

Since being set up, Dream Capital has made a slew of investments in diverse startups across the sports industry, from fitness marketplace Fittr to sporting apparel maker Elevar. The aim is to build “an ecosystem for the sports fan,” said Dev Bajaj, Dream Sports’ chief strategy officer, who also leads Dream Capital. If anything, the Rario deal was a signal that Dream Capital is now in acceleration mode. 

Dream Sports has a clear mandate for Dream Capital: invest anywhere between US$1 million-100 million in sports and gaming adjacent industries. The objective is for the investments to lead to acquisitions down the line, and turn Dream Sports into a sporting conglomerate. 

Of course, this is a well-trodden path in the tech world. Many large companies like Google, Intel, and Salesforce run gigantic corporate venture capital funds. Even in the Indian gaming space, early investments and eventual acquisitions were pioneered by Nazara Technologies, which went public last year and has a market capitalisation of Rs 3,900 crore (~US$500 million). 

AUTHOR

Soumyajit Saha

Soumyajit covers the operations of Big Tech companies and OTTs in India. Before The Ken, he covered equity and currency markets in Southeast Asia, Australia and New Zealand for Reuters. You can hit him up via email about anything, except money he allegedly owes you.

View Full Profile

Read this story. Subscribe Now

This story is available across both editions. Subscribe to the one that’s most relevant for you. Questions?

 

Premium

  • 5 original and reported longform business stories every week
  • Access to ONLY India edition
  • Close to 250 exclusive stories every year
  • Full access to over 5 years of paywalled stories
  • Pick up to 5 premium subscriber newsletters
  • 4 original and reported longform business stories each week
  • Access to ONLY Southeast Asia edition
  • Close to 200 exclusive stories every year
  • Full access to all paywalled stories since March 2020
  • Pick up to 5 premium subscriber newsletters

Rs. 2,750 /year

$ 120 /year

India Edition
Subscribe Subscribe
Most Asked For

Borderless

  • 8 original and reported longform business stories each week
  • Access to both India and Southeast Asia editions
  • Close to 400 exclusive stories every year
  • Full access to over 5 years of paywalled stories across India and Southeast Asia
  • Unlimited access to all premium subscriber newsletters
  • Visual Stories

Rs. 4,200 /year

Subscribe
 

Echelon

  • 8 original and reported longform business stories each week
  • Access to both India and Southeast Asia editions
  • Close to 400 exclusive stories every year
  • Full access to over 5 years of paywalled stories across India and Southeast Asia
  • Unlimited access to all premium subscriber newsletters
  • Visual Stories
  • Bonus annual gift subscription
  • Priority access to all new products and features

Rs. 8,474 /year

Subscribe
Or

Questions?

What kind of subscription plans do you offer?

We have three types of subscriptions
- Premium which gives you access to either the India or the Southeast Asia edition.
- Borderless which gives you complete access to The Ken across both editions
- Echelon which gives you complete access to The Ken across both editions along with a bonus gift subscription

What do I get if I subscribe?

The Premium edition gives you access to stories in that edition along with any five subscriber-only newsletters of your choice.

The Borderless and Echelon subscription gives you complete access to The Ken across editions and unlimited access to as many newsletters as you like.

What topics do you usually write about?

We publish sharp, original and reported stories on technology, business and healthcare. Our stories are forward-looking, analytical and directional — supported by data, visualisations and infographics. We use language and narrative that is accessible to even lay readers. And we optimise for quality over quantity, every single time.

Our specialised subscriber-only newsletters are written by our expert, award-winning journalists and cover a range of topics across finance, retail, clean energy, cryptocurrency, ed-tech and many more.

How many newsletters do you have?

We are constantly adding specialised subscriber-only newsletters all the time. All of these are written by our team of award-winning journalists on a specialised topic.

You can see the list of newsletters that we publish over here.

Does a Premium subscription to your Indian edition get me access to the Southeast Asia edition? Or vice-versa?

Afraid not. Each edition is separate with its own subscription plan. The India edition publishes stories focused on India. The Southeast Asia edition is focused on Southeast Asia. We may occasionally cross-publish stories from one edition to the other.

We recommend the Borderless or the Echelon Plan which will give you access to stories across both editions.

Do you have a mobile app?

Yes! We have a top-rated mobile app on both iOS and Android which allows you to read on-the-go and has some amazing features like the ability to bookmark stories, save on your device, dark mode, and much more. It’s really the best way to read The Ken.

Is there a free trial?

You can sign up for a free account to experience The Ken and understand our products better. We’ll send you some free stories and newsletters occasionally, and you can access our archive of previously published free stories. You can stay on the free account as long as you’d like.

The vast majority of our stories, articles and newsletters can be accessed only by a paid subscription.

Do you offer any discounts?

Sorry, no. Our journalism is funded completely by our subscribers. We believe that quality journalism comes at a price, and readers trust and pay us so that we can remain independent.

Do you offer refunds?

No. We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am facing some trouble purchasing a subscription. What can I do?

Just write to us at [email protected] with details. We’ll help you out.

I have a few more questions. How can I reach out to you?

Sure. Just email us at [email protected] or follow us on Twitter.