Dream Sports Set to Acquire Gaming Start-up SoStronk

Dream Sports, owner of leading fantasy sports platform Dreaಌm11, is reportedly in advanced discussions to buy Bengaluru-based e-sports platform SoStronk, according to industry sources quoted exclusively in .

SoStronk, founded in 2016, has B2B and B2C arms. For businesses, it acts as an entity running major online and offline tournaments, as w♏ell as providing technology infrastructure, support, and production to esports tournaments.

Under its B2C business, SoStronk offers services to competitive gam❀ers under su♊bscription.

The company🌞 last raised an undisclosed amount from Inflection Point 🦋Ventures (IPV) in 2019, and no figures have yet been revealed about how much Dream Sports is willing to pay.

Dream Sports is flush with cash having recently secured US$225 million in funding, which gives the firm a toꦺtal value exceeding US$2.5 billion.

And according to the Moneycontrol report, D⛎ream Sports is in negotiation with four to five other gaming and tech startups.

"The overall budget lined up for all these acquisitions is in the range of $10-15 million", 🐲said one of the sources quoted in the article.