History of Dream 11

Dream11 is an online fantasy sports platform that allows users to play fantasy cricket, football, kabaddi, basketball, and other sports. It was founded in 2008 by Harsh Jain and Bhavit Sheth under the parent company Dream Sports. Hereand#39;s a brief history of Dream11:

  1. Founding Years (2008-2012): Dream11 was founded in 2008 by Harsh Jain and Bhavit Sheth as a part-time project while they were pursuing their MBA degrees. Initially, it started as a cricket fantasy platform.
  2. Early Growth (2012-2015): Dream11 gained traction and popularity among fantasy sports enthusiasts in India. The platform expanded to include more sports such as football, kabaddi, and basketball.
  3. Funding and Expansion (2015-2018): In 2015, Dream11 raised its first major funding of $11 million from investors like Kalaari Capital and Multiples Equity. This funding helped in further expanding the platformand#39;s user base and offerings.
  4. Official Partnerships (2018-2020): Dream11 became the official fantasy gaming partner for various sports leagues in India, including the Indian Premier League (IPL) cricket tournament, Pro Kabaddi League (PKL), Indian Super League (ISL) football tournament, and others. These partnerships significantly boosted its visibility and user engagement.
  5. Unicorn Status and International Expansion (2020-present): Dream11 achieved unicorn status (a valuation of over $1 billion) in 2019. In 2020, Dream Sports, the parent company of Dream11, acquired Fantasy Sports platform FanDuel, marking its entry into the US market. Dream11 also expanded its offerings to include fantasy sports for international leagues and tournaments.
  6. Legal Challenges and Regulations: As the fantasy sports industry grew, it faced legal challenges and regulatory scrutiny regarding its legality and classification as a game of skill versus gambling in some jurisdictions. Dream11 and other fantasy sports platforms have been actively engaging with authorities and legal frameworks to ensure compliance and legitimacy.
Overall, Dream11 has played a significant role in popularizing fantasy sports in India and globally, offering users an engaging and immersive sports experience through its platform.