Dream11: Business Overview, Financials & Competitive Analysis
Dream11, founded in 2008 by Harsh Anandkumar Jain and Bhavit Rajesh Sheth, is an online sports fantasy platform based in Mumbai that allows users to create virtual teams of real players. The company dominates the Indi...
Cyborg Score thesis
Profitable unicorn navigating regulatory disruption through product pivot and geographic expansion into fintech and international...
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Pro stress-test →Dream11, founded in 2008 by Harsh Anandkumar Jain and Bhavit Rajesh Sheth, is an online sports fantasy platform based in Mumbai that allows users to create virtual teams of real players. The company dominates the Indian fantasy sports market with over 90% market share.
Strategic Profile
Pro stress-test →After India's real-money gaming ban in 2025, Dream11 pivoted to offer creator-led live match watch-alongs, features for fans to react and exchange comments in real time, and free-to-play fantasy sports, stripping away almost all its revenue and betting on a new identity built around fans, creators and live sports. Dream Sports, the company's parent, is expanding beyond fantasy gaming with the launch of DreamStreet, an AI-powered stock broking platform launched in May 2026.
Competitive Landscape
Pro stress-test →Dream11's top competitors include DraftKings, FanDuel and MPL. The Indian fantasy sports market is growing rapidly, attracting new entrants and intensifying competition. However, Dream11 maintains approximately 55% market share despite regulatory pressures.
Industry Context
Dream11 operates in Mobile Gaming.
Key facts
Founded: 2008 · Headquarters: Mumbai, India · Employees: Unknown · Revenue: ₹6,384 crore (~$767M) · Market cap: ~$8B