Tag Archives: Dream11

FanCode partners with NZC to exclusively live-stream Dream11 Super Smash

FanCode, India’s premier digital sports destination for all fans, has partnered with New Zealand Cricket (NZC) to exclusively live-stream all matches of the Dream11 Super Smash.

Cricket fans across India can watch the high-octane and entertaining cricket action of New Zealand’s premier T20 tournament from November 26th LIVE on FanCode App and www.fancode.com.

The 2021-22 edition tips off with defending women’s champions the Canterbury Magicians hosting Wellington Blaze at 7:40 AM IST. Following the women’s encounter, Wellington Firebirds take on last season’s Grand Finalists the Canterbury Kings at Hagley Oval in a 11:40 AM IST start.

The nine weeks of swashbuckling action will include top players from New Zealand’s 2021 T20 World Cup campaign including Daryl Mitchell (Canterbury Kings), Jimmy Neesham (Wellington Firebirds), Mark Chapman (Auckland Aces).

Wellington Blaze will hope their star all-rounder Sophie Devine continues her good form from a successful Women’s Big Bash League (WBBL) campaign. Devine was selected as captain of the WBBL team of the tournament after leading the Perth Scorchers to the final.

The tournament will see six men’s and six women’s teams battling for a spot in the Finals, with the sudden death Elimination (2v3) Finals played across multiple venues including Whangārei, Palmerston North and Queenstown.

FanCode will continue to provide an unparalleled sports experience to Indian sports fans through a plethora of features for all the LIVE action.

Some of these offerings will include interactive data overlays, where fans can customise the data they want to see while watching the live stream, fastest interactive live scores, in-depth sports stats and analytics, real-time match highlights, personalised viewing experiences among others.

Notably, the Super Smash is the men’s domestic Twenty20 cricket competition in New Zealand. Since the 2018–19 season, the competition runs alongside the Women’s Super Smash.

The upcoming 17th edition of the league will witness 32 T20s, set to be played over a period of close to two months. The league will kick-off on November 26 and will end on January 29, 2022.

The six teams (Men’s) are – Auckland Aces, Canterbury Kings, Central Stags, Northern Knights, Otago Volts and Wellington Firebirds. All these teams will take part in the tournament in a double round robin format in the league stage.

As per the format, each team will play every other team twice in the group stage which adds up to a total of 10 matches per side and the top three teams from the leaderboard will advance to the playoffs consisting of the Elimination final and the final.

However, due to the international fixtures of New Zealand clashing with the tournament, many of their top players will not be able to feature in the first few games of the upcoming edition of the Super Smash.

The upcoming tournament will kick-off with a clash between Canterbury and Wellington at Hagley Oval, Christchurch on November 26.

Dream Sports raises $840 million at $8 billion valuation

Dream Sports, one of India’s leading sports tech company with brands such as Dream Capital, FanCode, Dream11, DreamSetGo, Dream Game Studios, and DreamPay in its portfolio, has announced the completion of an investment of $840 Million at an $8 Billion valuation, led by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global.

The round also saw participation from existing investors like TPG and Footpath Ventures, making it amongst the largest investments globally in the sports tech sector.

Dream Sports, with an existing user base of 140 million Indian sports fans, is on a mission to build one of the world’s largest sports ecosystems which includes Sports Content, Commerce, Experiences, Fan Engagement (including Sports Gaming and Esports), Web 3.0 solutions, Fantasy Sports and Fitness Tech.

Earlier this year, Dream Sports further strengthened its commitment to this space by announcing a corpus of $250 Million through its CVC and M&A arm, Dream Capital. Dream Capital has built an initial portfolio of 10 companies, largely focusing on thematic early stage investments in India, including, Fittr, SoStronk, KheloMore and Elevar. Dream Capital is now expanding its sports, fan engagement and fitness portfolio in India and globally.

Commenting on the investment, Harsh Jain, CEO and Co-Founder, Dream Sports said: “Our vision and mission is to create an entrepreneur-led virtuous cycle of investment, innovation and wealth creation for all stakeholders in the sports ecosystem, from fans to athletes, teams and leagues.”

“Our investors have deep experience in developing sports ecosystems globally, and we are fortunate to have their guidance to ‘Make Sports Better’ for 1 Billion Indian sports fans,” he added.

On the other hand, Rahul Mehta, Managing Partner at DST Global said: “We’re excited to partner with the Dream Sports family in their vision of building the leading end-to-end sports tech company in India.”

“We’re very impressed with their customer centric approach, product strategy and ability to strengthen connections between fans and their favorite sports,” he added.

A homegrown company founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is located in Mumbai and employs close to 1,000 ‘Sportans’.

Avendus Capital was the exclusive financial advisor to Dream Sports on the transaction.

Notably, Dream Sports is one of India’s leading sports technology company with 140 million users, housing brands such as Dream11, the world’s largest fantasy sports platform, FanCode, a premier sports content & commerce platform, Dream Capital, a CVC and M&A arm, DreamSetGo, a sports experiences platform, and DreamPay, a payment solutions provider.

Dream Sports is based in Mumbai and has a workforce of close to 1,000 ‘Sportans’. Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports’ mission is to ‘Make Sports Better’ for fans through the confluence of sports and technology.

Since 2018, Dream Sports has been consistently featured as the only sports tech company in the ‘Great Places to Work’ survey.

Fantasy gaming apps suspend services in Karnataka

Several fantasy gaming platforms like Mobile Premier League (MPL), Paytm First Games and RummyCircle have suspended their services for users in the state of Karnataka after the state legislation passed a law prohibiting money wagering and betting on Tuesday.

The law, passed as part of an amendment to the Karnataka Police Act, bans all forms of online gambling and betting platforms.

Even in apps like MPL, which have been ruled as ‘games of skill’ by several courts in India, the law passed in Karnataka prohibits money wagering and as per it, offenders will be subject to a maximum imprisonment of three years or a fine of up to Rs 1 lakh.

On Wednesday, MPL greeted its in Karnataka were greeted with the following message: “Sorry! The law in your state does not permit you to play Fantasy sports”.

Along with MPL, RummyCircle, Nazara’s HalaPlay and many other online gaming apps have updated their respective terms of service in Karnataka.

Although Dream11, one of India’s most popular gaming apps backed by Tiger Global, was still operational in Karnataka however, Paytm First Games was not.

Before Karnataka, states like Assam, Odisha, Nagaland, Sikkim, Meghalaya, Andhra Pradesh and Telangana had already banned online gaming apps.

The move could be seen as a huge blow to online fantasy gaming platforms, which have spent a considerable amount of time and money in approaching several courts in India and have established the jurisprudence that their platforms relies on skill gaming rather than betting.

Moreover, the timing of the Karnataka law is unfortunate as it comes in the middle of the ongoing Indian Premier League (IPL) season, the time when such platforms registers high amount of activities and traction. Also, the IPL will soon be followed by the T20 World Cup.

As per reports, the online gaming industry is mulling to challenge the Karnataka government law, claiming that it goes against the jurisprudence established by multiple Indian courts, including the Supreme Court.

Earlier in August, the Supreme Court had upheld a verdict by the Rajasthan High Court, holding that Dream11 was a game of skill and not chance.

“Given the unique nature of fantasy sports, the FIFS [Federation of Indian Fantasy Sports] members urge the [Karnataka] government to respect and align with the judicial and constitutional protections provided to its business activities,” the industry body FIFS had said in a statement earlier.

Significantly, Dream11 is the founding member of FIFS, which also counts MPL as one of its members.

 

Dream Sports joins India’s march towards becoming a US$5 Trillion economy at Expo 2020 Dubai

Dream Sports, India’s leading sports technology company, has announced its partnership with the Government of India to showcase India’s resurgence as a hub for growth, innovation and culture.

The India Pavilion, one of the largest among 190 participating countries, will display India’s exceptional fight back against COVID-19 and the country’s emergence as a nerve centre for global business.

Dream Sports will showcase the extensive opportunity that lies at the unique intersection of sports and technology, as well as bring to life the large-scale positive transformation that can be brought about through digital technology and innovation within the Indian sports ecosystem.

At the inauguration of the India Pavilion on Friday, Uday Shankar, FICCI, President said: “India is one of the world’s fastest-growing large economies and the third largest startup ecosystem. The India Pavilion will be a global platform for potential investors to experience this growth, leading opportunities, business achievements and cultural diversity with cutting-edge technologies. Over the past seven years, the Government of India’s vision of AatmaNirbhar Bharat and Digital India has reaped benefits with multiple innovation hubs and over 50,000 registered startups, that have set the roadmap for India’s digital journey.”

“Dream Sports is one such success story that truly represents the impact of industry-focused reforms, and the possibilities of digital competencies and advancements that New India can bring to the world. We look forward to welcoming them as partners,” he added.

Commenting on the partnership, Harsh Jain, CEO & Co-Founder, Dream Sports, said: “We are delighted to support the Government of India’s initiatives in digitisation and self-reliance. Our vision is to ‘Make Sports Better’ through the confluence of sports and technology. We want to help build an ecosystem that nurtures the growth of sports in India by engaging fans in a much deeper way than ever before.”

“We hope to contribute significantly to India’s economy by growing the Fantasy Sports industry, investing in several sports companies, generating employment and supporting India’s athletes through our grassroots initiatives,” he added.

Expo 2020, which was postponed for a year due to the COVID-19 pandemic, will commence on Friday and conclude on March 31, 2022.

The India Pavilion will mirror India’s celebration of 75 years of Independence. Created on the theme of “Openness. Opportunity. Growth”, it will showcase the latest technologies and create an ambient, futuristic environment with installations powered by augmented reality and projection mapping.

Notably, Dream Sports is India’s leading sports technology company with brands such as Dream11, the world’s largest fantasy sports platform, FanCode, a premier digital sports platform that personalizes content and commerce for all sports fans, Dream Capital, a CVC and M&A arm, DreamSetGo, a sports experiences platform, and DreamPay, a payment solutions provider.

It has founded the Dream Sports Foundation to help and champion sportspeople and is an active member of the Federation of Indian Fantasy Sports, the nodal body for the Fantasy Sports industry in India. Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports has a mission to ‘Make Sports Better’ and is located in Mumbai.

Dream Sports has been consecutively featured in the Top ‘Great Places to Work’ as the only sports tech company since 2018.

International social media sensation Khaby Lame join hands with Dream11

International social media sensation Khaby Lame has joined hands with the world’s largest fantasy sports platform, Dream11, marking his first-ever association with an Indian brand.

Khaby created a short video skit with Indian content-creator, Viraj Ghelani, and in his trademark style called upon people to accomplish day-to-day tasks in a straightforward manner and use their brains to play on Dream11.

In the video, Ghelani is sitting with a friend who is eating french fries with toothpicks. Ghelani isn’t amused and calls Lame to simplify this. Lame picks up a fry with his fingers and eats it, showing viewers how simple this is in his signature style, extending his arms with the inimitable facial expressions.

Wearing a Dream11 jersey, Lame then points to a placard that says ‘Dimaag Lagana Hai Toh Dream11 Pe Laga Na’ reiterating the brand’s message to put their intellectual might for picking a team on Dream11.

The 21-year old took the internet by the storm with his easy-to-understand content by pointing at obvious solutions instead of using hacks. With over 46M on Instagram, Lame is the second most followed TikToker in the world, with 110M+ followers.

Before Dream11, he has collaborated with several other sports brands including Formula 1 team Scuderia Ferrari and created content with top footballers like Paulo Dybala and Alessandro Del Piero. A sports fan himself, Lame has frequently posted about various sports and was recently even seen sporting an Indian football team jersey in one of his videos.

Dream11 has been one of the top IPL sponsors since 2019, and for the 2021 edition, launched multi-media campaigns under #Dream11PeDimaagLagaNa and #TeamHaiTohMazaaHai.

Recently, Dream11 became the first-ever Indian brand to be featured in the Top-10 list of SportsPro World’s 50 Most Marketable Brands (50MM).

Dream11 is one of the world’s largest fantasy sports platform with 110 million+ users playing fantasy cricket, football, kabaddi, basketball, hockey, volleyball, handball, rugby, futsal, American football & baseball, on it. A homegrown Indian brand, Dream11 helps Indian sports fans to actively engage with real-life sporting events and showcase their knowledge of sports.

Fantasy sports has been deemed a ‘Game of Skill’ by the honourable Supreme Court of India.

Dream11 is the flagship brand of Dream Sports, one of India’s leading Sports Technology companies. Other brands under the Dream Sports umbrella include FanCode, a premier digital sports destination that personalizes content and commerce for all fans, Dream Capital, a CVC and M&A arm, DreamSetGo, a sports experiences platform and Dream Pay, a payment gateway.

Dream Sports set to infuse $250m in startups

Dream Sports, an Indian sports media and technology company, has formed a $250 million corporate venture fund for investing in startups across platforms sports, gaming and fitness technology.

The investment will be done through its newly launched ‘Dream Capital’ arm.

Dream Sports’ Founder and Chief executive Harsh Jain has said that the company is mulling to make investments of more than US$1 million and with the potential to invest as much as US$100 million.

“We want to redeploy our Ebitda and re-invest further into inorganic growth because, while organic growth continues, we don’t want to fall into that age-old trap of trying to do everything ourselves,” Jain was quoted as saying by Economic Times.

“We are good at something, and we’ll continue to grow that. What we do want is to back entrepreneurs, and to invest in other founders,” he added.

According to ET, Dream Capital will be fully funded by Dream Sports. It has already made eight investments.

Dream Sports, which is the parent company of fantasy gaming platform Dream11, already has an investment arm called Dream Sports Investments (DIS).

Recently, DIS had invested US$50 million in FanCode, a multi-sport aggregator platform.

IPL 2020 investment reaps rich investment for title sponsor Dream11

As of 14th October, Dream11 has achieved a technology milestone of 5.3 million+ concurrent users. The Dream11 platform experienced a surge of 44.4% traffic volume as against the final match of IPL 2019.

As a sports tech brand dedicated to provide a seamless digital sports fan engagement to each and every one of its nine crore users, Dream11 applies advanced technology and has built a robust back-end infrastructure to manage high traffic of users right before the match start time.

Notable Tech Stats of the Dream11 App:

  • Achieved 5.3 million+ user concurrency
  • Seamlessly managed 60 million requests per minute
  • Witnesses 8000+ contest joins per second
  • 18 million+ contest joins in a single match
  • 20000+ team updates per second
  • ~7.9 million entries in a single contest

Dream11 enhanced the technology behind the platform for the ‘Dream11 IPL’ to manage the ever-growing incoming traffic and ensure a seamless digital sports fan engagement experience fantasy sports platform a seamless experience for all the users.

Notable Tech Innovations this IPL by Dream11:

  • Creating Infrastructure Backbone: Dream11 created a system/unified infrastructure that supports efficient auto-scaling to handle over 1.5X the baseline workload
  • Performance Improvement: Compared to IPL 2019, the ball-to-ball analytics time was reduced from 56 – 120 sec to just 20 – 25 sec in Dream11 IPL 2020
  • User interface (UI) Optimisation: For users who are on a 2G connection with low-end devices, Dream11 tech team created a UI that helps users complete their interactions 15-20% faster than before. It also helped in reducing the app start time by 7% and decreasing the screen load time
  • Inception of Data Highway: A novel system in-house was created that followed the Lambda architecture, allowing horizontal scaling and providing more flexibility to offer 360-degree realistic analytics on user concurrency, transaction rates amongst other tasks
  • Iron-Clad Security System: To make the system more resilient, self-aware and intelligent, the Dream11 tech team created an automated anomaly detection, correction and alerting system

Commenting on the technology behind Dream11, Abhishek Ravi, Chief Information Officer, Dream Sports & Dream11 said, “The IPL is one of the biggest sporting extravaganzas in India. Every year it gets bigger than the last and presents a fantastic opportunity for the Dream11 technology team to innovate and achieve industry-first milestones. This IPL was even more special as it was the ‘Dream11 IPL’. As India’s biggest fantasy sports platform in India with over 9 crore users, it is sacrosanct for us to provide a seamless and secure app experience to our users. Dream11 Tech has in-sourced most of the services and created new applications and software customised specifically for the needs of Dream11 users.”

Dream11 is the Title sponsor of IPL 2020 and the flagship brand of Dream Sports, India’s leading sports technology company. Dream11 offers Fantasy Cricket, Football, Kabaddi, Basketball, Hockey, Volleyball, Handball, Rugby & Baseball. Dream11 offers a freemium model of fantasy sports, where users have a choice to participate for free or pay and participate in contests.

Big blow to IPL title sponsor Dream11, Andhra bans fantasy gaming

The biggest spending brand on the Indian Premier League, Dream11 is hit hard by an Andhra Pradesh Government Ordinance.

The IPL title sponsor Dream11 will be among the brands which will be directly affected by the Ordinance that bans real money games like online rummy, poker and fantasy gaming.

The Andhra Pradesh Government, according to Outlook.com, has passed an Ordinance on September 25 to ban all online gaming activities, which involve real money gaming. The Ordinance to amend the Andhra Pradesh Gaming Act 1974 has come into force with immediate effect.

This simply means that online gaming, fantasy sports, rummy and poker are banned in the State with immediate effect.

Telangana Government has earlier passed a similar order to ban online gaming.

The Andhra Pradesh Gaming (Amendment) Ordinance, 2020 prohibits (i) collection or soliciting of bets; (ii) receipt or distribution of winning or prizes in money or otherwise in respect of any wager or bet; (iii) any act which is intended to aid, induce, solicit or facilitate wagering or betting or such collection, soliciting, receipt or distribution and (iv) any act of risking money or playing stakes or otherwise on the result of a game or an event including on a game of skill.

The fantasy gaming players have been among the major sponsors – for teams and broadcast – in the IPL 2020 going on in the UAE.

Dream11 alone has invested over ₹ 400 crores by way of sponsorships in the IPL – ₹ 222 crores for the title sponsorship, on broadcast and team sponsorships. The brand’s campaign, spearheaded by Chennai Super Kings skipper MS Dhoni, also involves other leading cricketers like Hardik Pandya, Shikhar Dhawan and Rishabh Pant.

Sourav Ganguly, Sachin Tendulkar, Virat Kohli and Virender Sehwag are also endorsing various online gaming platforms.

Since online gaming/real money gaming is a state subject, Dream11 has respected the law and restricted access to consumers, saying, “Sorry, if your current residence and bank account is from Andhra, Assam, Odisha, Telangana, Nagaland and Sikkim, you cannot participate in the cash contests on Dream11.”

Dream11 also reportedly has two Special Leave Petitions pending in the Supreme Court – one by the Maharashtra Government on evasion of taxes (GST) to the tune of over ₹ 2,200 crores-plus, and the other is why fantasy should not be categorised as gambling/betting.

IPL 2020 LIVE: Dream11 among 13 sponsors on Disney+ Hotstar

Indian Premier League 2020 title sponsor Dream11 has also assured itself a strong brand presence on the league’s LIVE streaming on Disney+ Hotstar. India’s leading fantasy sports platform is among the 13 sponsors for the IPL 2020 LIVE streaming and other curated content on Star India’s OTT platform.

Among the biggest spenders on world cricket, Dream11 will be a co-presenting partner for the IPL digital streaming. The brand has also signed as a co-presenting partner contract with Star Sports for the IPL 2020 LIVE broadcast.

Dream11 parent company Dream Sports had made headlines yesterday (Monday) for its second round funding of $ 225 million, led by Tiger Global Management, TPG Tech Adjacencies, ChrysCapital and Footpath Ventures.

Also read: IPL 2020 Title sponsor Dream 11 parent company raises $225mn funding

Dream 11 has committed ₹ 400 crores for various sponsorship deals for the IPL 2020, including the league’s title rights.

Boost will be the ‘Powered By’ partner for the IPL streaming on Disney+ Hotstar VIP and Disney+ Hotstar Premium.

The other IPL streaming sponsors include Maruti Suzuki, Khata-Book, Flipkart, HDFC Bank, MX Player and Association of Mutual Funds.

There are also other advertisers like Ayurveda brand Himalaya, Kellogs, Delhi Capitals co-owners the Principal Sponsors JSW, Urban Company, Sleepwell Mattresses, Procter & Gamble, Mastercard, Visa, Intel and Jeep etc.

Since Star India had strategically decided to the IPL streaming access to only paid subscribers, the sponsorship sales target for the digital platform are kept moderate.

IPL 2020: Title sponsor Dream 11 parent company raises $225mn funding

Dream Sports, the parent company of the Indian Premier League 2020 title sponsor Dream11, has raised a funding of $ 225 million.

Dream Sports has announced the completion of a primary and secondary investment led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures worth $225 Million.

Dream Sports, other than India’s leading fantasy sports platform Dream11, also has in its portfolio FanCode and DreamX.

“We are excited to welcome our new partners, who share our passion for sports and have extensive experience in building highly valuable tech companies in India. As a homegrown Indian company, we are proud to continue adding value to our 10 crore Indian sports fans, investors, employees and the overall sports ecosystem in India. In the last two years, we have grown beyond fantasy sports to sports content, merchandise, streaming, experiences, and there is much more to come. Our vision is to ‘Make Sports Better’ for India and Indian fans through sports technology and innovation,” says Harsh Jain, CEO and Co-Founder, Dream Sports said,

Bhavit Sheth, COO and Co-Founder, Dream Sports, added, “We welcome our new partners in this phase of our growth. We have grown from one to many brands and from 200 Sportans (employees of Dream Sports) to 450 in the last two years. I am proud of our lean yet highly efficient team that has been the driving force behind the creation of ‘Sports Tech’ as a new industry category in India.”

Talking about this development, Akshay Tanna, Managing Director, TPG said, “The sports sector has high growth potential in India. There is a significant opportunity to enhance the fan experience and we are excited to partner with Dream Sports to leverage technology in ways that will deepen the connection between Indian fans and the sports they love.”

Commenting on this development, Kshitij Sheth, Vice President, ChrysCapital, said, “Dream Sports is the largest and fastest-growing Sports Tech platform in the country with a phenomenal track record. ChrysCapital is excited to be a part of their vision to transform the way sport is consumed through technology and innovation.”

₹ 400 CRORE IPL SPENT

Dream Sports premier brand Dream11 will be the biggest spender and the most visible brand on the Indian Premier League Season 13. The fantasy sports platform has acquired has replaced VIVO as the IPL title sponsor with a successful ₹ 224 bid. Besides, the company is also one of the five co-presenting partners for the IPL LIVE broadcast on Star Sports network. The team has also invested heavily in various sponsorships with the IPL franchisees for the logo presence on the team kits.

A completely homegrown company founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports is headquartered and located only in Mumbai. Avendus Capital was the exclusive financial advisor to Dream Sports on the transaction.