MUMBAI: Dream Sports, India’s sports technology company with brands such as Dream11, FanCode and DreamX, announced the appointment of Dev Bajaj as chief corporate development officer.

In his new role, Bajaj will lead investments and drive global strategic partnerships in fantasy sports, sportstech, gaming and other opportunistic sectors. He will also work closely with leaders of the Dream Sports companies on future fundraising and strategic business planning.

Dream Sports co-founder and chief executive officer Harsh Jain, says, “We are excited to have Dev onboard to lead our business expansion through investments and partnerships. Dev’s extensive and versatile experience as an investor and entrepreneur over the last decade will help us further build the sports ecosystem in India.”

“I am sure that Dev will be invaluable in identifying strategic partners and scaling potential sports businesses. While Dream11 continues to grow rapidly, Dream Sports is hiring 250+ talented sport enthusiasts this year and actively expanding its portfolio of sports businesses. In the last year, we launched FanCode, a multi-sport aggregator platform with 15 million users already, and DreamX, a sports accelerator powering several new start-ups,” adds Jain.

He has over 17 years of experience across entrepreneurship, venture capital, private equity and investment banking. Prior to joining Dream Sports, he was a venture partner with Kalaari Capital evaluating and managing early-stage investments in a variety of sectors including fintech, gaming, sportstech, SAAS, and AgTech.

As an entrepreneur, Bajaj successfully founded and built MITRA, which is now one of India’s successful AgTech start-ups. In 2018, Mahindra & Mahindra began acquiring MITRA. Before starting MITRA, Dev was at Paine Schwartz, a private equity firm in San Francisco and gained in-depth knowledge in investing in mid-stage buyout transactions.

Bajaj says, “Dream11’s 80 million user base is a testament to the Indian sports fans’ desire for deeper and meaningful engagement with their favourite sports. This desire will drive growth in the Indian SportsTech sector over the next decade.”

Bajaj adds, “With $5.5 billion invested in SportsTech in Asia, India leads the way with 40 per cent of all sports-tech startups in Asia, but has received less than 10 per cent of the funding. We believe there are multiple early and growth-stage investment opportunities for us within fantasy sports, gaming and the broader sports-tech ecosystem.”

“I have a lot of respect for Harsh, Bhavit and our management team. We share a common passion with many entrepreneurs in India who want to help Indian Sports with disruptive technology. In my new role, I aim to ensure that start-ups and mid-stage companies find Dream Sports a valuable investor and partner,” adds Bajaj.

Dev began his career with investment banking in the US.  Dev has an MBA from INSEAD and B.Sc. from the University of Southern California, Los Angeles.