Overview

Dream11 is a fantasy sports platform where users can create virtual teams using real-life players from sports like cricket, football, and basketball. Users have a budget of 100 credits to assemble their teams, and their performance is based on how well the players perform in actual matches. The company generates revenue through entry fees for cash contests and in-app advertisements, while fostering user engagement through social features and referral bonuses. Dream11 aims to provide an engaging and competitive environment for sports enthusiasts to test their knowledge and win prizes.

Simplify's Take

What believers are saying

• Increased focus on women's sports can attract a new demographic of users.
• The Columbia-Dream Sports AI Innovation Centre could enhance user engagement.
• The 'Champions Ka Game' campaign boosts user engagement during major sports events.

What critics are saying

• Increased competition from new fantasy sports platforms could dilute Dream11's market share.
• Potential legal challenges in jurisdictions where fantasy sports are considered gambling.
• Dependence on major sports events for user engagement could be risky.

What makes Dream11 unique

• Dream11 offers a unique sports engagement experience across multiple sports.
• The platform allows users to create virtual teams with a budget of 100 credits.
• Dream11's business model focuses on user engagement and retention through social features.

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Funding

Total Funding

$1625M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Tiger Global

Notable Investors:

Tiger Global

$840,000,000

Late VC

Nov 2021

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