MUMBAI: Close on the heels of raising $225 million in primary and secondary investment, sports technology company Dream Sports, parent firm of fantasy gaming platform Dream11, is reportedly in talks to acquire Bengaluru-based e-sports platform SoStronk.
Moneycontrol, which reported on the development, could not offer clarity on the exact size of the SoStronk deal.
According to Moneycontrol, SoStronk is not the only company Dream Sports is in talks to acquire. Negotiations are in play with at least four to five other gaming and technology startups, the business news website further reported, quoting industry sources.
“The overall budget lined up for all these acquisitions is in the range of $10-15 million,” one of the sources quoted said.
Founded by Prashant Prabhakar and Karan Mishra in 2016, SoStronk is a tech enabler in the e-sports industry. It has B2C as well as B2B segments.
Under B2C, SoStronk offers services to competitive gamers for a subscription, and in the B2B segment, it acts as an entity running major online and offline tournaments.
SoStronk also works on providing technology infrastructure, support and production to e-sports tournament organisers.
The company last raised an undisclosed amount from Inflection Point Ventures (IPV) in 2019.
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