Dream11 is a fantasy sports platform based in India that allows users to play fantasy cricket, hockey, football, kabaddi and basketball. Founded in 2008, Dream11 is the world’s largest fantasy sports platform with over 50 million users. It is one of the most popular fantasy sports sites in India and it is estimated that the company earns a whopping Rs. 1000 crore in revenue each year.
The company offers users a free to play and a paid version of the game. Players can create their own fantasy teams by selecting players from the available pool of players. Dream11 also offers special contests and tournaments where players can win cash prizes.
Dream 11 created after watching IPL and created history
This is considered to be the first online fantasy sports platform in India and has since then become a pioneer in this field. The company has witnessed tremendous growth in recent years and is now valued at over Rs. 5000 crore. The company has also entered into strategic partnerships with major sports leagues and teams such as the IPL, ISL, and CPL.
Beginning of Dream11
Harsh Jain and Bhavish Seth together started this company. The beginning of Dream 11 has also been like a fantasy game. year In 2021, the company got a profit of 327 crores and in revenue registered an increase of 53 percent.
When friends refused to work together
The company’s co-founder Harsh has always had a passion for playing football and cricket. In 2001, he used to play fantasy football in America. When IPL started in the country in 2008, he thought of fantasy cricket.
Harsh says, he went to many friends regarding his idea. Bhavit was the only person among them who agreed to work with him. The duo started the company in 2008, worked for the next several years without any funding. Venture Capitalists provided later funding. After this the funding of many foreign companies increased.
In April 2019, the youth showed such enthusiasm for the fantasy game of Dream 11 that it became the first gaming company in the country to become a unicorn.
Game Of Skill Not Gambling
In an interview, Harsh said, Dream 11 gives everyone a chance to become a selector. There is a selector committee in each team, which selects some of the 30-40 players. Skill is also necessary to play this game. Like users decide who should do batting against whom. Many such points have been included in it. Before its launch, they conducted several tests which proved that it is not a game of gambling but a game of skill. High Court 5 times and Supreme Court 3 times in different states of the country proved 3 times that this is not a gambling or betting game.
When Dream 11 started in 2008, it was not working on the current model. Harsh and Bhavit together started the first digital company. In 2011, they launched the Dream 11 website. In 2012, introduced the free and advertisement based model of Dream 11.
Launched the app in 2015 to make it easier and reach people directly. After the launch of the app, the graph of success kept increasing. In 2019, Dream 11 launched Fancock, Dream Set Go, Dream Pay. Bought Rolocule Games in 2021 and renamed it Dream Games Studios named. dream 11 earning from 10% to 15% the platform does it with fees. The company claims that their the team does not play against the users.
First Unicorn Company In Gaming
Policy Of Dream11 Company
Fantasy game platform Dream 11 is in discussion about its policy. According to the policy, if the employees receive calls or messages asking them to do the work of seniors or managers of the company on a holiday, they will be fined heavily.
This amount of fine can be up to one lakh rupees. There have been many records in the name of Dream 11. It has been the country’s first unicorn gaming company. Dream 11 has played an important role in increasing the fantasy game in the country. For a long time there was a debate in the court whether it was a game or gambling, finally the company got the green signal.