Short Bio
Dream11 became the first fantasy sports firm in India to become a unicorn in April 2019.Dream11 was estimated to be worth $8 billion in November 2021.Dream11 had 160 million active users in India as of December 2022. Users of the Indian fantasy sports website Dream11 can participate in fantasy matches for baseball, American football, hockey, kabaddi, handball, basketball, volleyball, rugby, and other sports.
Overview
Company Name: | Dream11 |
Also Know as: | N/A |
Type: | Private |
Industry: | Fantasy Gaming |
Founded: | 2008 |
Founders: | Harsh Jain |
Headquarters: | Mumbai |
Area Served: | India |
Revenue: | $359.03 mn million (Rs 2708.38 crore) in FY21 |
Net Income: | ₹142.8 crore (US$18 million) (FY22) |
Number of Employees | 800+ |
Website: | www.dream11.com |
History
Dream11 was founded by Harsh Jain and Bhavit Sheth. Dream11’s CEO and co-founder is Harsh Jain, and the COO and co-founder is Bhavit Sheth. In 2008, they launched Dream11 as a side project while they were still in school. Since then, they have transformed it into a flourishing online gaming community with millions of members in India and affiliations with top clubs and leagues in many sports.
Services
Dream 11 provides various services, including Fantasy Sports, Contest Creation, Contest Joining, real-time match updates, and a payment gateway.
- Fantasy Creation Create a team of your dreams of your favourite sports. Dream 11 provides a platform for their users to create a fantasy Dream team from any sport they like: football, cricket, basketball, kabaddi, hockey and volleyball.
- Contest Creation Unlike others, Dream11 provides a lot more than only team-making. At Dream 11 users can create their Contest and set the entry fees they would like, the winning amount and rules.
- Real-time updates Users in Dream 11 can get real-time updates about the live matches and they also get player statistics by providing real-time updates Dream 11 helps users to select players.
Founder
The founders of Dream 11 are Harsh Jain and Bhavit Sheth; he has a Bachelor of Engineering degree from D.J. Sanghvi College in Mumbai and an MBA from Bentley University (Boston). Bhavit was a fantasy enthusiast. Harsh Jain studies at Columbia Business School at the University of Pennsylvania. They aimed to give the audience a platform that they enjoyed and a unique way to engage with their favourite games.