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Dream Sports announced the acquisition of Rolocule Games, a Pune-based mobile game developer, on Monday.
With this, Rolocule will be rebranded as Dream Game Studios and founder Rohit Gupta will continue to lead Dream Game Studios, which intends to focus on premium interactive gaming experiences on mobile, according to a statement.
Speaking on the development, Rohit Gupta, Founder, Rolocule, said, "This is a well-deserved validation for mid-core games in India, and our team has worked incredibly hard to reach this point. Our goal is to bring world-class long-lasting game franchises and IPs from India. We are thrilled to take this step together with Dream Sports."
Rolocule Games, founded in 2010 by Rohit Gupta, focuses on mid-core games in India, with titles such as Flick Tennis, Dead Among Us, Dance Party, and Bowling Central amassing millions of downloads worldwide. Blume Ventures, Mumbai Angels, and CIIE were among the top investors in Rolocule (IIM Ahmedabad).
Dream Sports is a sports technology company that owns the brands Dream11, FanCode, DreamX, DreamSetGo, and DreamPay. Dream Sports is putting its vision of 'Make Sports Better' into action by giving fans multiple ways to deeply engage with the sports they love, including fantasy sports, content, commerce, experiences, and events.
Founded in 2008 by Harsh Jain and Bhavit Sheth, the company was ranked #10 among India's Great Mid-Size Workplaces in 2019, and Fast Company named it one of the top 10 innovative companies in India in 2019. Dream Sports' major investors include Kalaari Capital, Think Investments, Multiples Equity, Tencent, and Steadview Capital.
Harsh Jain, Co-founder, and CEO of Dream Sports said, “Dream Sports has a collective user base of 125 million sports fans, and we recognize the great growth opportunities in sports, gaming, and fitness-tech in India. As entrepreneurs ourselves, we are here to back other entrepreneurs through Dream Capital and provide them with access to our 125 million-strong user base and operational support from our expert team of CXOs.”
Dream Sports recently announced the creation of a $250 million fund for its corporate venture capital and acquisitions arm, Dream Capital, to invest in startups in sports, gaming, and fitness technology.
Dream Capital has already begun to deploy its capital, investing in eight companies such as SoStronk and Elevar, among others.
Dev Bajaj, Dream Capital's Managing Director, stated: “As a multi-stage CVC, we provide patient capital plus deep tactical insights to startups to increase their probability of success. Our aim is to complement entrepreneurs with our strategy, product, and marketing knowledge that is not typically accessible at an early stage. DreamCap is always looking to add talent to its team of entrepreneurs and VC/PE professionals with a passion for sports and gaming.”
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