Introduction
Dream11 is India’s largest fantasy sports platform, launched in 2008 by Harsh Jain and Bhavit Sheth. The mobile app lets users create virtual teams in cricket, football, kabaddi, and basketball, competing based on real-world statistics
Growth & Reach
Starting modestly, Dream11 surged to over 2 million users by 2016, 50 million by 2019, and recently boasts more than 150–190 million users, with 200 million monthly actives and 5.5 million concurrent users during major events .
Business Model & Financials
Dream11 monetizes by charging platform fees from paid contests. In FY23, parent Dream Sports posted ₹6,384 cr in revenue with ₹188 cr profit. Valuation stands around $8 billion, with total funding of $1.6 billion (~₹11,537 cr)
Technology & Infrastructure
Known for building a robust analytics and real-time system, Dream11 supports peak loads (~75 million requests/min, 5.5 million concurrent users) designed in-house to handle large-scale usage, especially during IPL
Culture & Workplace
Dream11’s Mumbai office—“The Stadium”—embraces its sports roots with themed interiors, art installations, running tracks, and high-end furniture. The company adopts a hybrid 4-1 WFH model, with strong focus on employee wellness
Corporate Ethos & Sponsorships
Dream Sports manages brands like FanCode, DreamPay, and Dream Capital. Dream11 has been a title sponsor of the IPL (2020–2023) and is the lead sponsor of India’s national cricket team through March 2026 for ₹358 cr
Legal Standing
Dream11 is legally deemed a “game of skill” in India, allowing it to operate in most states. It previously paused operations in states like Karnataka, Telangana, and Andhra Pradesh due to bans, but resumed after favorable rulings
Leadership Team
Harsh Jain, CEO – Holds MBA, son of Anand Jain.
Bhavit Sheth, COO – Engineer with MBA background
Social Performance & Diversity
A notable startup with ~800–1,400 employees (varies by source), Dream11 emphasizes work–life balance despite fast-paced delivery during tournaments. AmbitionBox states ~600+ staff; Dream Sports aims to expand workforce from 800 to over 1,000
Future Outlook
Dream Sports invests in adjacent ventures (FanCode, Dream Capital) and will continue leveraging high-profile sponsorships and platform monetization. The vision includes leading India’s fantasy sports and fan engagement ecosystem.
