New York-based investment firm Tiger Global Management, along with private equity majors ChrysCapital, TPG and Footpath Ventures, have bought about 10% stake in Dream Sports, which runs fantasy gaming platform Dream11, for $225 million. The deal is expected to more than double the valuation of the company, which has been in the news for recently bagging IPL sponsorship rights, to over $2.5 billion, said sources briefed on the matter. Dream11 was valued at about $1.1 billion in April last year when hedge fund Steadview Capital picked up shares. “A large part of the money is being used to buy shares from existing shareholders,” said one of the sources mentioned earlier. Investors like Kalaari Capital, Think Investments and Multiples Equity have made a partial exit in the current round. It was reported last year that Dream11 was in talks with multiple investors, including Tiger Global, to raise funding at a valuation of $2-2.5 billion. Avendus Capital was the adviser to Dream Sports on the deal.