Dream11 is India's first gaming unicorn that is soon to be valued at over $2 billion as it doubles in size each year. Its founder was inspired to start the fantasy sports company in 2008 due to his passion for fantasy football and the growing craze of the IPL in India. Dream11 has grown from a free-to-play model to generating over 800 crore INR in annual revenue through a commission model. They secured the title sponsorship for IPL 2020 for 222 crore INR and signed MS Dhoni as their brand ambassador, positioning them well to capture mind share during the highly viewed cricket tournament.
Dream11 is India's first gaming unicorn that is soon to be valued at over $2 billion as it doubles in size each year. Its founder was inspired to start the fantasy sports company in 2008 due to his passion for fantasy football and the growing craze of the IPL in India. Dream11 has grown from a free-to-play model to generating over 800 crore INR in annual revenue through a commission model. They secured the title sponsorship for IPL 2020 for 222 crore INR and signed MS Dhoni as their brand ambassador, positioning them well to capture mind share during the highly viewed cricket tournament.
Dream11 is India's first gaming unicorn that is soon to be valued at over $2 billion as it doubles in size each year. Its founder was inspired to start the fantasy sports company in 2008 due to his passion for fantasy football and the growing craze of the IPL in India. Dream11 has grown from a free-to-play model to generating over 800 crore INR in annual revenue through a commission model. They secured the title sponsorship for IPL 2020 for 222 crore INR and signed MS Dhoni as their brand ambassador, positioning them well to capture mind share during the highly viewed cricket tournament.
Presentation By :- Chirag Soni MBA 1st Sem. Dream11 is India’s first Gaming unicorn.
It is soon going to be valued at more than
$2bn. They are doubling each year.
Ironically, Harsh Jain, the founder, is a
bigger football fan and he was addicted to football fantasy leagues.
The craze of IPL in 2008 pushed him to
start his own fantasy sports company. The Business Model
The 1st innings of Dream11 was In their 2nd innings they
as a free-to-play ad driven introduced a commission model company. with a %age cut on the pool. In the first 3 years they learnt Now, they win irrespective of what not to do. whoever wins the bet.
How fantasy sports works is users can pick their
favourite players, make a team, bet on it and win the pool of money if their prediction is spot on. The Growth
2 016 2Mn users 14 Cr
3.5x YoY
2 019 80Mn users 800 Cr
(INR revenue) Skill or a gamble? In India, a 'Game of Skill' (as opposed to a 'Game of Chance') is not considered gambling and can be freely played.
In 2019, Bombay High Court declared that
Dream11 results are based on knowledge, and superior judgement of users, and therefore, there is no gambling or betting. The IPL play >70% of their total expenditure goes towards marketing and advertisements. >50% of the revenue is driven by IPL in non- World Cup years.
With a churn in monthly users and a fall in
revenue (no outdoor games), what better way to be back on their feet than by betting on their largest revenue source? That's right! Dream11 paid INR 222 crores to be the official title sponsor for IPL2020. And guess who's the brand ambassador for Dream11? The Timing!
Our favourite, MS Dhoni.
With more eye-balls chasing IPL this year, Dream11 has a golden chance of capturing a large chunk of the mind-share of a cricket-worshiping nation. Dream11 definitely "Khel gaya dimag se."