Dream11
Indian fantasy sports platform
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Key Takeaways
- Dream11 is an Indian fantasy sports platform that allows users to play daily fantasy sports contests, primarily in cricket.
- Paid contests were discontinued in August 2025 after the Parliament of India passed the Promotion and Regulation of Online Gaming Act, 2025.
- In November 2021, Dream11 was valued at $8 billion.
- History Dream11 was co-founded by Harsh Jain (son of Indian businessman Anand Jain) and Bhavit Sheth in 2008.
- In 2014, the company reported 1 million registered users, which grew to 2 million in 2016 and to 45 million in 2018.
Dream11 is an Indian fantasy sports platform that allows users to play daily fantasy sports contests, primarily in cricket. The platform allowed users to take part in paid and free contests by assembling a virtual team of real-life players, and score points based on those players' actual statistical performance on the field of play. Paid contests were discontinued in August 2025 after the Parliament of India passed the Promotion and Regulation of Online Gaming Act, 2025.
In April 2019, Dream11 became the first Indian fantasy sport company to become a unicorn. In November 2021, Dream11 was valued at $8 billion. In October 2023, Dream11 claimed to have 200 million users.
History
Dream11 was co-founded by Harsh Jain (son of Indian businessman Anand Jain) and Bhavit Sheth in 2008. In 2012, they introduced freemium fantasy sports in India for cricket fans. In 2014, the company reported 1 million registered users, which grew to 2 million in 2016 and to 45 million in 2018.
In April 2019, Steadview Capital completed secondary investment in Dream11. Apart from Steadview, Dream11's investors included Kalaari Capital, Think Investments, Multiples Equity and Tencent. In April 2019, they launched FanCode, an ad-free multi-sport aggregator platform offering content, commerce and community engagement.
In 2021, Dream 11's parent company, Dream Sports raised $840 million in a funding round led by Tiger Global, D1 Capital, Falcon Edge, DST Global, and Redbird Capital.
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