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Dream11 is a Mumbai, Maharashtra, India-based fantasy sports platform that allows users to create virtual teams of real-life athletes to compete in daily contests based on actual match performances. The platform reached significant scale within the Indian market, accumulating a user base of 200 million registered accounts by October 2023 and becoming the country's first fantasy sports unicorn. Operating under its parent company Dream Sports, the enterprise secured $840 million in total funding and achieved an $8 billion valuation in November 2021 with backing from prominent institutional investors including Tiger Global, Falcon Edge, and Redbird Capital. Historically generating revenue through entry fees for cash prize tournaments, the company discontinued all paid contests in August 2025 to comply with India's Promotion and Regulation of Online Gaming Act. Dream11 was founded in 2008 by Harsh Jain and Bhavit Sheth.
Dream11 has raised $260.2M across 3 funding rounds.
Key people at Dream11.
Dream11 was founded in 2008 by Harsh Jain (Co-Founder) and Bhavit Sheth (Co-Founder).
Dream11 has raised $260.2M in total across 3 funding rounds.
Dream11 has raised $260.2M across 3 funding rounds. Most recently, it raised $100.0M Other Equity in August 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 17, 2019 | $100M Venture Round | Naspers | — | Announced |
| Apr 9, 2019 | $60M Venture Round | Ravi Mehta | Kalaari Capital, Multiples Alternate Asset Management, Think Investments | Announced |
| Sep 6, 2018 | $100.2M Series D | Tencent Holdings | Kalaari Capital, Multiples Alternate Asset Management | Announced |
Key people at Dream11.
Dream11 operates a fantasy sports platform where users assemble virtual teams from real athletes in upcoming matches. Participants select players within a set budget, and teams accrue fantasy points based on athletes' actual performance. The platform offers various leagues for competitive play, converting passive sports viewership into an interactive, skill-based fan experience.
Harsh Jain and Bhavit Sheth co-founded Dream11 in 2008, driven by their passion for sports and ambition to popularize fantasy contests in India. Their insight centered on deepening fan engagement, allowing enthusiasts to apply sports knowledge in a dynamic, competitive digital environment.
Dream11 serves sports fans seeking immersive connection to their favorite games, fostering active involvement in real-world sporting events. The company aims to remain a leading sports technology enterprise, continually evolving how millions globally interact with and experience sports through innovative digital platforms.
Dream11 was founded in 2008 by Harsh Jain (Co-Founder) and Bhavit Sheth (Co-Founder).
Dream11 has raised $260.2M in total across 3 funding rounds.
Dream11's investors include Naspers, Ravi Mehta, Kalaari Capital, Multiples Alternate Asset Management, Think Investments, Tencent.
