Dream11’s Harsh Jain to set up investment fund

As valuations surge and liquidity reaches record levels, entrepreneurs are increasingly formalizing their investments and roping in professionals. Jain joins Nykaa’s Nayar family, Freshworks's Girish Mathrubootham and Razorpay’s founders, who are taking different approaches to investing



Madhav Chanchani

September 17, 2021

7 Min Read

Harsh Jain, cofounder and CEO of India’s largest online fantasy gaming platform, Dream11, has set up an investment fund to back early- and mid-stage startups, according to two sources directly briefed on the matter. 

Jain and his family are likely to invest $100 million for setting up the fund. The total investment could go as high as $200 million, the sources said, which would make the fund potentially the largest to be set up by a new economy entrepreneur. The corpus, which will also include capital from outside investors, is still being finalized and the numbers could change.

The development comes as Dream11 prepares to close a new round of funding at a valuation of $8 billion in the coming weeks, which is expected to be primarily a secondary sale of shares. Dream11 was valued at $2.5 billion in September last year. A recent order by the Supreme Court has increased investor interest in the online gaming sector as potential legal issues get cleared.

Jain is the son of Anand Jain, considered a close confidante of Reliance Industries Chairman Mukesh Ambani and having interests in real estate and manufacturing through Jai Corp. 

The Mumbai-based entrepreneur joins a growing list of India’s new economy founders who have either set up venture funds or are formalizing their startup investments. This comes at a time when capital is pouring into startups at a record pace and soaring valuations in both public and private markets are generating record wealth.  




As a premium subscriber, you will get access to 3+ premium articles a week
Limited time offer
Launch price
/ Year
INR 3,999
Save 40% with our launch offer.
Please apply the code at checkout.

copyCopy Code

Upgrade Now



As a premium subscriber, you will get access to 3+ premium articles a week

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and also disruptive startups so you can make better decisions.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Filtering the Noise

New economy companies cannot always be evaluated using traditional methods. We analyze the relevant metrics, ask the tough questions to get you the right picture

For subscribers only

Premium Reads


View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.