The Tencent-backed fantasy sports provider has secured primary and secondary investment at a reported valuation topping $2.5bn.

Dream11, the India-based daily fantasy sports service that counts internet group Tencent as an investor, had raised $225m in financing, TechCrunch reported today. The round valued the company at more than $2.5bn, according to two people familiar with the matter. It included Tiger Global Management, TPG’s Tech Adjacencies unit, ChrysCapital and Footpath Ventures, and consisted…

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