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Dream Sports, the parent firm of fantasy gaming platform Dream11, which raised $225 million a day earlier, is in talks to imprint Bengaluru-basically based fully e-sports activities platform SoStronk, consistent with exchange sources.Founded by Prashant Prabhakar and Karan Mishra in 2016, SoStronk is a tech enabler within the e-sports activities exchange. It has B2C moreover to B2B segments.What SoStronk doesUnder B2C, SoStronk offers products and services to aggressive gamers for a subscription, and within the B2B segment, it acts as an entity operating main online and offline tournaments.SoStronk additionally works on offering technology infrastructure, strengthen and manufacturing to e-sports activities match organisers.The company last raised an undisclosed amount from Inflection Point Ventures (IPV) in 2019.Dream11 has mountainous backersDream11, on the diversified hand, raised $225 million in a funding spherical from Tiger World Administration, non-public equity corporations TPG and ChrysCapital and Footpath Ventures, on Monday.The fundraise comes now not up to a month after it bagged the title sponsorship rights for the Indian Premier League (IPL), the cricket match that drives the majority of its earnings.Additionally Learn: Dream11’s parent firm raises $225 million from Tiger World, TPG, ChrysCapitalThe company offers fantasy games akin to cricket, kabaddi and football. Its legit partners consist of the IPL, Global Cricket Council (ICC) and National Basketball Association (NBA).Parent Dream Sports additionally runs streaming app FanCode and sports activities accelerator DreamX.More acquisitions plannedLoaded with truckloads of funding from marquee investors, SoStronk is now not the single company Dream Sports is in talks to imprint. Indeed, it’s in negotiations with now not now not up to 4-5 diversified gaming and technology startups.Most of these acquisitions, if executed, will either provide Dream11 a distinct segment within the gaming enviornment or relieve toughen its technology. Moneycontrol could presumably now not verify the names of the diversified startups Dream Sports is in talks with.“The overall funds lined up for all these acquisitions is within the variety of $10-15 million,” talked about one in all the sources quoted above.  The exact dimension of the SoStronk deal became as soon as now not right away sure.India is anticipated to collect 800 million web customers and 700 million smartphones by 2023 from about 560 million currently.Like a flash web penetration and availability of life like smartphones gather led to an extend within the adoption of online gaming in India. This became as soon as accelerated additional for the duration of the Covid-19 lockdown, when the country became as soon as forced to defend indoors within the hopes of breaking the chain of infection.Dream Sports and SoStronk did now not respond to queries.

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