Overview

Dream11 operates in the fantasy sports industry, allowing users to create virtual teams made up of real-life players from various sports like cricket, football, and basketball. Users are given a budget of 100 credits to select their players, and the performance of their teams is based on how well these players perform in actual matches. The platform caters to both casual fans and serious players, offering free and paid contests where users can compete for cash prizes. Dream11 generates revenue mainly through entry fees for cash contests, taking a percentage of the total pool, and also earns from in-app advertisements and partnerships with sports leagues. What sets Dream11 apart is its focus on user engagement, encouraging players to invite friends and share achievements, which fosters a community atmosphere. The goal of Dream11 is 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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