After making its mark on the world of fantasy sports, Dream Sports is looking to expand itself into the esports scene. According to a recent MoneyControl report, the parent firm of Dream11 is planning to acquire Bengaluru-based startup SoStronk.
SoStronk is an esports platform built and focused around Valve’s competitive shooter Counter-Strike: Global Offensive, similar to the likes of FACEIT and ESEA. SoStronk is a subscription-based service with a separate ranking system and anti-cheat than Valve and has become increasingly popular in South and Southeast Asian regions over the years.
Starting in 2013, SoStronk has made a name for itself by hosting a plethora of Counter-Strike tournaments. The platform has been used by other organisations and Leagues to host major tournaments across the Asian region, both online and offline.
Alongside SoStronk, Dream Sports is also reportedly planning to acquire at least 4-5 other startups from gaming and tech with expected budgets of $10-15 million each. The names of the other startups however, couldn’t be known.
Dream11, who has recently made it to the headlines for bagging sponsorship rights to IPL (Indian Premier League), has raised a whopping $225 million in funding from Tiger Global Management, TPG, ChrysCapital and Footpath Ventures, who have gained a 10% stake in Dream Sports.
The Indian company is renowned as a fantasy sports platform and allows users to play fantasy games like Cricket, Football and Basketball.