1. Dream11: Company particulars
Is Dream11 a Chinese agency? Well, the reply is not any. For these are aware of on-line gaming and choosing up digital fantasy XI, Dream11, an organization value Rs 736 crore, isn’t an alien identify. It was based by Harsh Jain and Bhavit Seth in 2012 and they’re the pioneer within the discipline of fantasy sports activities in India. In 2019, they turned the primary Indian gaming firm to enter the ‘Unicorn Club.’
2. The Investors in Dream11
In this part we are able to discover the Chinese hyperlink of Dream11. They have a number of traders like Steadview, Kalaari Capital, Think Investments, Multiples Equity and Tencent, which by the way is a Chinese agency. However, it’s a minor stake. Tencent is world’s largest gaming firm and it’s based mostly in Shenzhen, China, and has about 10 per cent stakes in Dream11.
3. Dream11 controversy
An issue had erupted in 2017 when the legality of Dream11 was challenged in High Court and later within the Supreme Court, alleging that it promoted betting. But the courts deemed the operations of Dream11 had been centered round on talent, information and a focus, and allowed its functioning within the nation.
4. Brand ambassadors of Dream11
MS Dhoni is their greatest model ambassador. The platform has partnered with 9 cricketers – Jos Buttler, Ben Stokes, Jonny Bairstow, Faf du Plessis, Quinton de Kock, Kagiso Rabada, Andre Russell, Jason Holder and Kane Williamson from the ICC World Cup 2019.
5. Other leagues Dream11 sponsors
The Dream11 has tied up with quite a lot of high-profile leagues throughout sports activities around the globe. They embody: Caribbean Premier League, Indian Super League, National Basketball League (NBA), Pro Kabaddi League. Apart from it, in addition they have tie with the ICC, BBL, WBBL and International Hockey Federation.
6. How did Dream11 bag IPL 2020 sponsorship
The BCCI needed to discover a new sponsor for IPL 2020 after parting methods with Chinese smartphone main Vivo in view of the on-going India-China stand-off. Dream11 entered the fray together with Byjus, already the equipment sponsor of Team India, Unacademy, a web based studying platform. While Patanjali, firm owned by Yoga guru Baba Ramdev, and Tata Sons picked up the expression of curiosity type, they didn’t enter the competitors. Dream11 made a bid of Rs 222 crore, Byju’s bid was Rs 201 crore whereas Unacademy the third with a Rs 171 crore bid.