Dream11 revenue

The fantasy sports industry has exploded in India in recent years, and Dream11 is to creditwhich is valued at $8Billion presently. Learn from Dream11’s difficult startup story. Most young sports fans today are obsessed with fantasy sports. With fantasy sports, sports fans can not only watch a game as a spectator, but also create their own imaginary team (of real players) and earn rewards when this imaginary team performs well. The fantasy gaming industry is thriving in India as well, thanks to the mobile and internet revolution. Dream11 was founded in 2008 by two young and talented co-founders, Harsh Jain and Bhavit Sheth, with a strong desire to explore this sector. Dream11, a pioneer in fantasy gaming, is the first Indian gaming company to join the unicorn club. Let’s take a look at the adventure of this Mumbai-based startup, which has been named one of India’s top ten innovative companies. Dream11 – About Dream11 – Industry Dream11 – Founders and Team Dream11 – Startup Story | History and How it Started? Dream11 – Mission and Vision Dream11 – Name, Tagline and Logo Dream11 – Business Model and how it Works? Dream11 – Revenue Model Dream11 – Startup Challenges Dream11 – Funding and Investors Dream11 – Growth and Revenue Dream11 – Marketing Dream11 – Competitors Dream11 – Awards & Recognitions Dream11 – Future Plans The Story of Startup Dream11: India’s First Fantasy Sports Game The world of sports has changed dramatically in recent years, and people are now more involved...

LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Learn more in our Select Accept to consent or Reject to decline non-essential cookies for this use. You can update your choices at any time in your Dream11 is India based one of the fastest growing fantasy cricket league platform offers mobile apps(iOS & Android)& website interface to its users, with a rapidly growing base of 20 million+ users. Here is a case study on what is Dream11, its revenue, business model and everything you need to know about. If cricket was a religion, then it would be one of the largest religions with more than 1.5 billion believers in the world. Cricket is not just sport to entertain people but: It is equal to a religion especially in India and other neighboring countries. Cricket is one of the most popular sport emerged as a billion dollar industry worldwide and supports a large ecosystem. Australia, England, India, South Africa and New Zealand are the few heavyweight cricket hubs followed by Pakistan, Sri Lanka, and West Indies. Being said that, cricket is no more a sport but a big business with a: hodgepodge of sport, gambling, celebrities, league tournaments, big brands, corporate, billions of fans and so on. Increasing popularity of sports & evolution of digital technology through the smartphones, fast internet(3G, 4G & broadband) made it ...

Fantasy sports platform Dream11 has reported a 50% increase in operational revenue for the fiscal year ended March 31, 2022, but its profit fell to less than half as expenses rose 70%. Net profit at the Mumbai-based online platform fell to Rs 142.86 crore from Rs 327.59 crore in fiscal 2021, Dream11’s regulatory filings sourced from As the company’s scale expanded, it reported 80% growth in its employee benefit expenses to Rs 496.52 crore during FY22, against Rs 276.49 crore in the previous year. In its regulatory filings, Dream11 reported miscellaneous expenses of Rs 1,050.38 crore, but did not explain the nature of these expenses. Compared with FY21, miscellaneous expenses grew 62%. The online fantasy sports platform primarily earns revenue from the fee received from users who participate in real-money, fantasy sports contests available on the platform. Online gaming companies have recently come under regulatory spotlight with the There are also disagreements between online gaming platforms and tax authorities over the calculation of revenue. Earlier this week, ET reported that Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Dream11 became the first e-gaming unicorn in India, and for good reason. The company is one of the biggest players in the market, followed closely by the likes of MPL, which also Additionally, the company has recorded ₹2070 crores in operational revenue for the same period, an increase from ₹775 crores in FY19. Dream11, whose parent company is Sporta Technologies, today stands as one of the few Indian consumer-tech unicorns to be profitable. Dream11 attributes the astounding growth of its revenue to its innovative marketing strategies and exciting new products. The thirteen-year-old Dream11, founded by Harsh Jain and Bhavit Sheth, has succeeded in the global arena. Even though it is missing from the Google Play Store (since the app store’s policies do not support real-money games), the platform has over 100 million users. Moreover, Dream Sports raised $400 million in a funding round earlier this year. The company’s expenses grew to ₹1,867 crores in FY20 compared to ₹934 crores the previous year. Much of the expenses (71% to be exact) was spent on advertising and promotions, and expenditure on employee benefits rose by 133.6% to ₹153.21 crore during FY20. The fantasy gaming market has picked up the pace in recent times, especially with growing popularity of IPL in India. Dream11 allows users to create their very own team using real players for upcoming matches and then compete with others for cash rewards. How do you earn money while playing on Dream11? After you have creat...

Cofounded by Jain and Bhavit Sheth in 2008, Dream Sports has a user base of 140 million, which it seeks to leverage for building a complete sports experience. For the financial year ending March 2020, it recorded a profit of Rs 180 crore, making it one of the few Indian consumer-tech unicorns to have turned profitable. Dream Capital has so far backed 10 companies, including, Fittr, SoStronk, KheloMore and Elevar. It is now expanding its sports, fan engagement and fitness portfolio in India and overseas. Dream Sports' latest fundraising comes amid on-again, off-again regulatory roadblocks that the online gaming industry has been facing in the country. Earlier this month, the Karnataka High Court Dream11 has reiterated that it had been advised by the Federation of Indian Fantasy Sports that the law does not apply to its member fantasy sports operators. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Have you ever wondered how Dream11 – one of India’s most popular fantasy sports platform makes money? They recently made the news by winning the title sponsorship rights to the IPL 2020 with a In his post we will discuss the Revenue Model of Dream11. About Dream11 Dream11 is a fantasy sports platform where one can create his/her own team by picking real life players (based on his knowledge of the game and his expectations regarding a particular player’s form or performance) and earn points based on the chosen player’s performance during the actual matches. There are cash rewards for the users with most points at the end of a game, series or a league. Currently the sports covered by the Dream11 platform include Cricket, Football, NBA, Baseball among others. Dream11 Founders Dream11 was launched in the year 2012 by the duo of Harsh Jain and Bhavit Sheth. The Revenue Model of Dream11 The question that we are attempting to answer today is how does Dream11 make money? They offer cash rewards to the top scorers (users). They also have to spend a lot of money on technology up-gradation, platform maintenance, human capital and of course advertising (we have all seen their advertisements on television). So how do they end up making money? To answer this question we need to dive a little deeper and understand the types of contests available on the Dream11 platform. There are ‘free’ contests as well as ‘cash’ contests. The free contests are essentially free for the users to enter and...

• Adani Enterp. 2445.05 ↓ -47.10 (-1.89%) • Adani Ports 736.60 ↑ 4.55 (0.62%) • Apollo Hospitals 4967.30 ↑ 153.05 (3.18%) • Asian Paints 3237.25 ↓ -3.45 (-0.11%) • Axis Bank 926.10 ↑ 6.40 (0.70%) • B P C L 360.05 ↓ -4.50 (-1.23%) • Bajaj Auto 4669.10 ↑ 25.50 (0.55%) • Bajaj Finance 7023.90 ↓ -16.60 (-0.24%) • Bajaj Finserv 1457.25 ↑ 7.10 (0.49%) • Bharti Airtel 836.50 ↑ 8.55 (1.03%) • Britannia Inds. 4654.15 ↑ 18.90 (0.41%) • Cipla 965.85 ↑ 1.10 (0.11%) • Coal India 230.90 ↑ 0.55 (0.24%) • Divi's Lab. 3511.60 ↓ -13.80 (-0.39%) • Dr Reddy's Labs 4610.45 ↑ 58.40 (1.28%) • Eicher Motors 3699.40 ↓ -16.65 (-0.45%) • Grasim Inds 1710.55 ↑ 8.10 (0.48%) • H D F C 2645.90 ↓ -0.80 (-0.03%) • HCL Technologies 1137.05 ↓ -4.85 (-0.42%) • HDFC Bank 1606.50 ↑ 2.50 (0.16%) • HDFC Life Insur. 576.40 ↓ -5.80 (-1.00%) • Hero Motocorp 2892.65 ↑ 92.25 (3.29%) • Hind. Unilever 2716.70 ↑ 18.80 (0.70%) • Hindalco Inds. 420.75 ↑ 14.40 (3.54%) • ICICI Bank 938.15 ↑ 2.05 (0.22%) • IndusInd Bank 1288.20 ↓ -1.95 (-0.15%) • Infosys 1299.00 ↓ -20.50 (-1.55%) • ITC 443.40 ↑ 3.70 (0.84%) • JSW Steel 706.60 ↑ 12.75 (1.84%) • Kotak Mah. Bank 1938.75 ↑ 8.70 (0.45%) • Larsen & Toubro 2234.55 ↑ 26.75 (1.21%) • M & M 1341.40 ↑ 22.50 (1.71%) • Maruti Suzuki 9485.35 ↑ 157.05 (1.68%) • Nestle India 22046.45 ↑ 172.15 (0.79%) • NTPC 174.55 ↑ 0.15 (0.09%) • O N G C 154.70 ↑ 1.05 (0.68%) • Power Grid Corpn 234.60 ↑ 1.60 (0.69%) • Reliance Industr 2455.20 ↓ -8.05 (-0.33%) • SBI Life Insuran 1202.50 ↓ -5.25 (-0.43%) • S...

India’s biggest fantasy gaming platform Dream11 continued its growth momentum in FY22 as its gross revenue grew over 50% and crossed the Rs 4,000 crore mark. But, at the same time, the firm’s profit shrank over 56% in the fiscal year ending March 2022. Fantasy sports was the only source of revenue for the 14-year-old firm which rose 50.4% to Rs 3,841 crore in FY22 from Rs 2,554 crore in FY21, according to its financial statements with the RoC. Dream11 generates its revenues primarily by charging platform fees to its users who participate in fantasy sports contests — it recognises this income as gross gaming revenue (GGR). Dream11 also made Rs 224 crore from interest on current investments. It’s worth noting that it raised $840 million (almost Rs 6,500 crore at the time) from Alpha Wave (formerly Falcon Edge), DST Global, D1 Capital, Redbird Capital, and Tiger Global during FY22 (November 2021). Dream11 has been sponsoring the Indian Premier League for the past three editions and onboarding a host of star cricketers as brand ambassadors. As a result, advertisement and promotional expenses claim the largest share of the firm’s costs: 57.4%. This expenditure surged 72.8% to Rs 2,158 crore in FY22 from Rs 1,249 crore in FY21. To keep up with growth in FY22, the company hired aggressively, spiking its employee benefit expenses by 80.1% to Rs 497 crore during the 12-month period. Dream11 did not disclose much about their cost breakup and booked Rs 1,050 crore under a miscellaneo...

Healthians’ revenue from operations surged 2.5X YoY to INR 166.57 Cr in FY22 In line with the rise in operating revenue, total expenses grew 2.6X to INR 291.22 Cr Healthians, which offers health tests at home across 250+ cities in India, raised $12 Mn in its Series B round in 2020 Gurugram-based As a provider of health tests at home, Healthians earns most of its revenue from sale of services. In FY22, the startup’s revenue from sale of services stood at INR 165.88 Cr as against INR 67.06 Cr in FY21. It also earned a revenue of INR 69.44 Lakh from sale of products. The startup didn’t earn any income from sale of products in FY21. Total income, including other income, rose 2.6X to INR 168.86 Cr from INR 68.69 Cr Cr in FY21, according to the filing of Expedient Healthcare Marketing Pvt. Ltd, which operates Healthians, with the Ministry of Corporate Affairs. Despite the rise in revenue, Healthians’ bottom line took a hit in FY22 due to increase in its cash burn. Net loss widened 2.7X to INR 122.36 Cr in FY22 from INR 44.51 Cr in FY21. In line with the rise in operating revenue, total expenses grew 2.6X to INR 291.22 Cr from INR 113.2 Cr in FY21. Other expenses accounted for the biggest chunk of expenses, surging 2.2X to INR 140.01 Cr from INR 64.49 Cr in FY21. 6th January, 2023 Other expenses also included miscellaneous expenses, which rose 1.8X to INR 96.85 Cr in FY22 from INR 54.16 Cr in the previous fiscal year. However, the Gurugram-based startup did not provide breakdown ...

Dream11 is perhaps the only unicorn in the consumer internet space in India with a hefty profit. Sporta Technologies, which operates fantasy gaming platform Dream11 posted Rs 180.8 crore of profit in the financial year ending 2020, according to its regulatory filings. This is a massive jump from its Rs 87.8 crore loss during FY19. The company also saw a 2.67X increase in its revenue from operations which grew to Rs 2,070.4 crore in FY20 from Rs 775.5 crore in FY19 . Dream11 also generated a financial income of Rs 59.7 crore which grew 87.4% fiscal on fiscal. The growth in the company’s scale was quite evident from the surge in cash generated from operations and this could be validated from its cash flow. Dream11 had a negative operating cash flow of Rs 57.4 crore during FY19 which turned around to positive cash inflows of nearly Rs 261 crore during FY20. Dream11 spent Rs 1,328.02 Cr on advertising & promotion Looking over the expense sheet, it was clear that the company relied heavily on advertising across media platforms and contest promotions to drive downloads on its app solely through APKs or Android Application Package — since the app is not available on the Playstore. Advertising and promotional expenses were the biggest cost centre for the company in FY20, accounting for 71.1% of the annual expenses. These costs grew by 69.20% to Rs 1328.02 crore during FY20 from Rs 785.1 crore in FY19. Interestingly, sponsorship costs incurred by the company actually dropped by 39%...