Dream11
Funding History
| Series D · 04/2019 | $1.0B |
|---|---|
| Series E · 09/2020 | $2.5B |
| Series F · 03/2021 | $5.0B |
| Series G · 11/2021 | $8.0B |
About
Dream11, legally operated by Sporta Technologies Private Limited, is the flagship fantasy-sports business of Dream Sports, headquartered in Worli, Mumbai and founded in 2008 by Harsh Jain and Bhavit Sheth. It historically drew the bulk of its business from paid, cash-prize fantasy cricket, football and other sports contests, becoming India's largest fantasy sports platform with a claimed user base in the hundreds of millions.
- CEO
- Harsh Jain (Co-Founder & CEO, Dream Sports Group); Vaibhav Kokal (CEO, Dream11 unit)
- Headquarters
- Mumbai, India
- Founded
- 2008
- Website
- Dream11.com
- Employees
- ~950 (Dream Sports group, as of March 2026)
Overview
Dream11 is an Indian fantasy sports platform founded in 2008 by Harsh Jain and Bhavit Sheth, operated under parent company Dream Sports (legally Sporta Technologies Private Limited) and headquartered in Worli, Mumbai. For most of its history Dream11 ran paid, cash-prize fantasy sports contests across cricket, football, kabaddi and other sports, becoming India's largest fantasy sports platform with hundreds of millions of registered users, sponsoring the Indian cricket team's jersey through the BCCI, and building sister businesses FanCode (sports streaming), DreamSetGo (sports travel) and Dream Game Studios under the Dream Sports umbrella.
On August 20-21, 2025, India's Parliament passed the Promotion and Regulation of Online Gaming Act, 2025, banning all online money games nationwide. Because Dream11's paid contests accounted for roughly 95% of Dream Sports' group revenue and effectively all of its profit, the company shut down every real-money contest across India within days of the law's passage and said it would not legally challenge the ban. Dream Sports had completed a reverse-flip of its corporate domicile from Delaware back to India in March 2025 in preparation for an Indian IPO; CEO Harsh Jain later called the timing of that move, just months before the ban, "bad timing."
Dream11 pivoted to a free-to-play, advertising- and sponsorship-funded model in September 2025, expanded that free-to-play product into 11 international markets (including the US, UK, Australia and UAE) by October 2025, and by August 2026 said it had completed its transition into an AI-first "global sports engagement platform" offering live scores, commentary, community features and social contests without cash prizes. Dream Sports restructured into eight semi-independent units in December 2025 (Dream11, FanCode, DreamSetGo, Dream Cricket, Dream Sports AI, Dream Money/Dream Street, Dream Horizon and Dream Sports Foundation), and in August 2026 Dream11 got its own dedicated CEO, Vaibhav Kokal, promoted from within the company, while Harsh Jain remains CEO of the Dream Sports group.
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