Dream Sports

What Dream Sports does

Dream Sports, operating through its parent entity Sporta Technologies Private Limited (post-March 2025 reverse flip from Delaware to India), is a Mumbai-headquartered sports technology and consumer internet holding company running nine branded business units: Dream11 (now a second-screen sports entertainment platform with ~250 million users and 10 million DAU on a free-to-play + advertising model after the August 2025 real-money gaming ban), FanCode (digital sports content/streaming platform with ~160 million users carrying exclusive broadcast rights for Formula 1, MotoGP, LALIGA, ISL, PGA Tour, Caribbean Premier League and others), DreamSetGo (premium sports travel/hospitality averaging ₹3.5 lakh per package), Dream Cricket (AAA Unreal Engine 5 mobile game with 25 million users and 500+ licensed cricketers), Dream Horizon (open-source initiative commercializing the HorizonOS stack that previously handled 16 million concurrent users and 100,000 TPS on Dream11), Dream Money (fintech platform integrated with ONDC for mutual fund distribution), DreamStreet (SEBI-registered AI-powered stock broking via Finverse Platform targeting Tier-2/Tier-3 first-time investors), Dream Play (casual gaming), and the Dream Sports Foundation (grassroots sports development). The company monetizes through advertising on free-to-play fantasy (anchor advertisers: Swiggy, Astrotalk, Tata Neu), subscription passes on FanCode (Match/Season/Tour passes from ₹899/year for F1 or golf), brokerage commissions on DreamStreet, premium travel margins on DreamSetGo, and in-game transactions on Dream Cricket. The August 2025 Promotion and Regulation of Online Gaming Act eliminated roughly 95% of historical revenue, prompting restructuring into eight independent startup-like business units under a no-layoff commitment by CEO Harsh Jain, and a strategic pivot toward sports entertainment, content, gaming, open-source technology and financial services. The company retains marquee sports IP relationships with the BCCI, ICC, IPL (title sponsorship, jersey deals with GT, KKR, SRH, PBKS), Tata Play (DTH channel 485 partnership), Premier League, AIFF, and global sports properties, alongside a ₹28,294 Cr pending GST demand that has triggered going-concern qualifications from auditors.

Name

Dream Sports

Legal name

Sporta Technologies Private Limited

Website

https://dreamsports.group

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Dream Sports is a Mumbai-based sports technology holding company (Sporta Technologies) operating nine consumer-facing brands across fantasy sports, sports streaming, premium sports travel, AAA mobile gaming, open-source developer platforms, and fintech/stock broking, serving 300 million Indian users. Following the August 2025 ban on real-money gaming, it pivoted to free-to-play advertising, subscriptions, and financial services.

Ownership category

akta.pro rank

Product category

Sports Technology & Entertainment

NAICS

Spectator Sports (7112)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Fantasy Contests, Leagues & Tournament Organizers (MPAEAHAF)

akta.pro secondary industries

Fantasy Sports Communities & Social Platforms (MPAEAHAH), Sports Brand Strategy & Creative Services (Design, Content, Social) (MPAKAKAF)

Keywords

• Sports entertainment platform
• Digital sports streaming
• Fantasy sports platform
• Sports broadcasting rights
• Sports technology solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Advertising and sponsorships on free-to-play Dream11: Pivot from real-money gaming post August 2025 ban; free-to-play fantasy sports with ads and sponsorships integrated into competitions; leading advertisers include Swiggy, Astrotalk, and Tata Neu; 10 million daily active users and 250M total users; nearly 70% are aged 18-35
2. FanCode subscription passes: Subscription revenue from Match Passes, Season Passes, Tour Passes, and monthly/annual plans; F1 season ₹899, motorsports pass ₹999, golf pass ₹899; streams 17,000+ live matches annually across cricket, football, motorsport, and other sports
3. Stock broking commissions via DreamStreet (Finverse Platform): SEBI-registered stock broking platform for stocks, ETFs, F&O, and IPOs; operated by Finverse Platform Private Limited (SEBI Reg No.: INZ000330930; NSE Member ID: 90483; BSE Member ID: 6967); targets first-time retail investors in Tier-2/Tier-3 cities
4. Premium sports experiences and travel (DreamSetGo): Bespoke luxury sports travel packages averaging ₹3.5 lakh with highest packages exceeding ₹20 lakh; 30,000+ sports travellers facilitated in last year across 50+ tournaments and 18+ countries; 72% of customers opt for premium hospitality; on-location as FIFA World Cup 26 hospitality sales agent
5. Dream Money mutual fund distribution and fintech services: Distribution of mutual funds via ONDC integration; small ticket investments targeting Indians aged 18-40; over a million users; suite of financial services including insurance, investments, lending, and digital distribution
6. DreamBucks virtual currency monetization: Virtual currency on revamped Dream11 second-screen app; complements advertising revenue model on Twitch-style creator economics
7. Historical real-money gaming platform fee (pre-August 2025): Pre-ban, Dream11 charged 10-15% platform fee on fantasy contests; previously generated ₹6,759.3 Cr operating revenue in FY25 (declined 14.8% YoY) before RMG ban; now eliminated post-ban
8. Dream Sports Foundation youth development programs: Philanthropic arm sponsoring youth sports development including AIFF Junior League, UTT Juniors, and Dream Sports Championship; not-for-profit revenue stream supporting talent pathways

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Core offering

Dream Sports is a sports technology company operating a portfolio of brands including Dream11 (sports entertainment platform with 250M users), FanCode (digital sports streaming with 160M users), DreamSetGo (premium sports experiences and travel), Dream Cricket (AAA mobile cricket game on Unreal Engine 5), Dream Money (fintech platform), DreamStreet (AI-powered stock broking), and Dream Horizon (open-source technology platform). The group provides second-screen sports engagement, licensed sports content streaming, mobile gaming, and financial services to Indian consumers and international sports fans.

Product overview

Dream Sports operates a portfolio-plus-modules architecture through Sporta Technologies Private Limited, comprising a flagship brand and eight distinct sub-brands addressing sports entertainment, content streaming, gaming, fintech, sports development, open-source technology, and luxury sports travel. The flagship Dream11 pivoted in December 2025 from fantasy gaming to a second-screen sports entertainment platform serving 250 million users, while FanCode serves as the digital sports content destination with 160 million users and rights to global properties like Formula 1, LaLiga, and ISL. Dream Cricket is the AAA mobile cricket game with 25 million users, complemented by DreamSetGo for premium sports experiences and travel. The financial services layer is anchored by Dream Money (fintech) and DreamStreet (AI-powered stock broking). Infrastructure and ecosystem support comes from Dream Horizon (open-source tech initiative), Dream Sports Foundation (grassroots development), and Dream Play.

Differentiator

Problem solved

Functional benefit

Brands

• Dream11: Flagship fantasy sports platform (now pivoted to a second-screen sports entertainment platform) with over 250 million users.
• FanCode
• DreamSetGo
• Dream Cricket
• Dream Horizon
• Dream Play
• Dream Money
• Dream Sports Foundation
• DreamStreet

Products and services

• Dream11 Flagship sports entertainment platform of Dream Sports with 250 million users. Pivoted from fantasy gaming to a second-screen sports entertainment platform featuring creator-led live match watch-alongs, free-to-play fantasy sports, real-time banter, and snackable sports moments. International expansion to 11 countries in October 2025 without real-money games.
• FanCode India's premier digital sports destination with over 160 million users. Offers live streaming of cricket, football, motorsport, golf, tennis and other sports via Match, Bundle, Tour Passes, and monthly/annual plans. Rights portfolio includes Formula 1, MotoGP, LaLiga (five-year exclusive partnership), ISL 2025-26 (exclusive broadcast rights), PGA Tour, Caribbean Premier League, and other global properties. Features AI-powered multilingual commentary via Camb.AI partnership.
• DreamSetGo India's premier luxury sports, experiences, and travel platform curating end-to-end premium experiences including match-day hospitality, exclusive athlete interactions, stadium tours, visa facilitation, and bespoke travel itineraries across football, cricket, tennis, motorsports, padel, and golf. Facilitated 30,000+ sports travelers across 50+ tournaments and 18+ countries. Average package value INR 3.5 lakh with highest packages exceeding INR 20 lakh; 72% of customers opt for premium hospitality packages. On Location India Non-Exclusive Sales Agent for FIFA World Cup 26 hospitality sales.
• Dream Cricket AAA mobile cricket game with over 25 million registered users. Built on Unreal Engine 5 with console-quality 3D graphics, 450+ batting animations, and 200+ unique bowling animations. Features 500+ licensed international cricketers modelled on real players via Winners Alliance partnership, including players from Australia, England, South Africa, West Indies, Zimbabwe, Namibia, and Ireland. Free-to-play with in-game transactions.
• Dream Horizon Open-source technology platform offering APIs, toolkits, and foundational modules for developers, startups, and MSMEs across e-commerce, fintech, health-tech, and other sectors. Provides tools to build, test, and deploy applications at scale, with capacity to handle 300 million users, 16 million concurrent users, and 100,000 transactions per second. Underpinned by HorizonOS open-source tech stack with contributions to ReactNative, Kong, and Vert.X.
• Dream Money Fintech platform offering a suite of financial services and products including mutual funds, insurance, investments, lending, and other digital distribution services. Over 1 million users. Integrated with the Government-backed ONDC Network to enable nationwide distribution of mutual funds for Indians aged 18-40 with small ticket investments.
• DreamStreet AI-powered stock broking platform offering stocks, ETFs, Futures & Options, and IPOs. Operated by Finverse Platform Private Limited, a SEBI-registered stock broker (Reg No.: INZ000330930; NSE Member ID: 90483; BSE Member ID: 6967; NSDL: IN-DP-830-2026). Features AI companion named Veda for natural language investment insights and access to SEBI-registered Research Analysts and Investment Advisors. Targets first-time retail investors in Tier-2 and Tier-3 cities with 100% digital account opening.
• Dream Play Casual gaming brand within the Dream Sports portfolio listed among the nine brands in the Dream Sports ecosystem.
• Tata Play FanCode Sports (DTH Channel 485) Dedicated 24/7 sports channel partnership with Tata Play bringing Formula 1, international cricket, football leagues, golf and more to DTH television and mobile subscribers at Rs 75/month, eliminating the need for separate OTT subscriptions.

Quantifiable outcome

• Supports 300 million users with peaks of 16 million concurrent users and 100,000 transactions per second on HorizonOS
• +8 more outcomes

Named customers6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability12 records

Feature8 records

Partnerships

27 partnerships are on record, tiered notable franchise partner, flagship strategic, flagship content partnership, major platform integration, major sports rights acquisition, major sports rights partner, major technology partner, flagship hospitality partner, major broadcast partnership, major strategic, flagship broadcast partnership, notable strategic, major content partner, major channel partner, brand ambassador, notable acquisition, subsidiary relationship, parent entity and notable marketing partner.

• Rugby Premier League (RPL)notable franchise partnerStrategic or Co-development Partner · 16 June 2026Dream Sports is among investors backing six men's and four women's city-based franchises in Rugby Premier League second season in Hyderabad (June 16, 2026). ₹20-25 crore commercial bet for the league. Broadcast partnerships via Star Sports and JioStar. Other investors include RMZ Corp, Manipal Group.
• Premier League (English Premier League)flagship strategicStrategic or Co-development Partner · 1 May 2026Strategic partnership with Dream Sports Foundation for the Dream Sports Championship kicking off in Goa from May 3-14, 2026. Premier League will deliver high-impact coach-development workshops and masterclasses focused on training methodology, match management, physical conditioning, psychology, leadership. Builds on DSF's role as Official Youth Development Partner of AIFF and integrates into U16 AIFF Junior League and DSC. Premier League opened Mumbai office last year.
• All India Football Federation (AIFF)flagship strategicStrategic or Co-development Partner · 25 March 2026Multi-year partnership designating Dream Sports Foundation as official Youth Development Partner to strengthen U16 football in India. AIFF Junior League regional rounds continue as qualification pathway; DSF complements with performance analysis, education workshops for players/coaches, live streaming on FanCode. National finals of U16 AIFF Junior League renamed to include Dream Sports Championship brand.
• Winners Alliance (World Cricketers' Association)flagship content partnershipStrategic or Co-development Partner · 25 March 2026Partnership giving Dream Cricket official rights to names, likenesses, and playing styles of 500+ international cricketers from Australia, England, South Africa, West Indies, Zimbabwe, Namibia, Ireland and others. Major milestone in Dream Cricket's international expansion strategy.
• Open Network for Digital Commerce (ONDC)major platform integrationTechnology or Integration · 9 February 2026Integration with Government-backed ONDC to enable nationwide distribution of mutual funds. Allows users to explore, invest in, and manage mutual fund schemes via participating AMCs on the Network. Targets Indians aged 18-40 for financial inclusion with small ticket investments.
• All India Football Federation (AIFF) - ISL media rightsmajor sports rights acquisitionChannel Partner/ Reseller/ Distributor · 2 February 2026FanCode acquired exclusive broadcast and digital rights for Indian Super League (ISL) 2025-26 season via transparent tender process; bids 8.62 crore rupees ($939,000), down from JioStar's 275 crore rupees per season previously. Kaleidoscope Production and Services handles production.
• PGA of Americamajor sports rights partnerChannel Partner/ Reseller/ Distributor · 25 September 2025Ryder Cup 2025 live streaming rights from Bethpage Black, New York for Indian audience; reinforces FanCode's position as home of golf in India alongside PGA Tour, DP World Tour, LET, LIV Golf, Masters, Open Championships, US Open, PGA Championships.
• Camb.AImajor technology partnerTechnology or Integration · 18 September 2025Strategic partnership to deliver multilingual, AI-powered live sports commentary to Indian audiences. Camb.AI provides AI-generated commentary across 150+ languages with male/female voices, crowd noise, real-time ads. Already piloted during 2025 Caribbean Premier League with Hindi commentary. Announcement made at IBC Convention 2025.
• On Location (FIFA)flagship hospitality partnerChannel Partner/ Reseller/ Distributor · 7 August 2025DreamSetGo appointed India Non-Exclusive Sales Agent by On Location (FIFA's Official Hospitality Provider) for FIFA World Cup 26 hospitality sales.
• Sony LIVmajor broadcast partnershipChannel Partner/ Reseller/ Distributor · 22 May 2025Partnership with FanCode to deliver full coverage of Roland Garros 2025; marks FanCode's first foray into tennis. Provides pay-per-view flexibility for individual matches or entire tournament with live statistics integration.
• Ultimate Table Tennis (UTT)major strategicStrategic or Co-development Partner · 19 May 2025Dream Sports Foundation (DSF) partnered as Youth Development Partner with Ultimate Table Tennis (UTT) to launch Dream UTT Juniors, a U-15 Table Tennis tournament providing professional league experience to emerging talent. Included Dream Sports Championships Table Tennis 2026.
• LALIGAflagship broadcast partnershipChannel Partner/ Reseller/ Distributor · 12 May 2025Five-year exclusive broadcast partnership for India via FanCode. Covers LALIGA EA Sports and LALIGA Hypermotion. Includes comprehensive marketing strategy across online and offline platforms, marquee match screenings, social media takeovers, and bringing LALIGA stars to India.
• Norwich City FCnotable strategicStrategic or Co-development Partner · 17 April 2025Coaches from Norwich City FC led inspirational workshops at Dream Sports Championship Football 2025 National Finals in Goa under the 'Dream Again' initiative — first in Indian football development.
• Rajasthan Royals (IPL franchise)major content partnerGTM or Marketing Partner · 21 March 2025Content partnership with FanCode launching 'Royals Corner' featuring behind-the-scenes content, practice sessions, training videos, podcasts, exclusive interviews and player profiles. Exposes 160M+ FanCode users to Rajasthan Royals content. Includes exclusive announcement of new captain on Dream11 app (Feb 13, 2026).
• Tata Playmajor channel partnerChannel Partner/ Reseller/ Distributor · 17 March 2025Partnership to launch 'Tata Play FanCode Sports' — dedicated 24/7 sports channel on Tata Play DTH (channel 485) and mobile app bringing Formula 1, international cricket, football leagues, golf and more to TV at Rs 75/month. Eliminates need for OTT subscriptions.
• Neeraj Choprabrand ambassadorGTM or Marketing Partner · 28 March 2024Javelin ace Neeraj Chopra partnered with DreamSetGo for the Olympic Games Paris 2024 with exclusive meet-and-greet opportunity during the games in Paris.
• Indian Olympic Association (IOA)major strategicStrategic or Co-development Partner · 17 January 2024DreamSetGo became Official Travel Partner for the Indian Olympic Delegation to Paris. Strategic collaboration to enhance overall experience for Indian delegation traveling to Paris to support the Indian Olympic Team.
• Women's Premier League (WPL)major strategicStrategic or Co-development Partner · 1 January 2023Partnership established in 2023 alongside Dream Sports reaching 220 million users; extends Dream Sports' cricket ecosystem into women's cricket.
• Rolocule Gamesnotable acquisitionStrategic or Co-development Partner · 16 August 2021Indian-based sports technology firm Dream Sports acquired mobile game developer Rolocule Games, which was rebranded as Dream Game Studios (now Dream Cricket). Acquisition included Rolocule's popular games and Rolomotion technology; founder Rohit Gupta continued to lead the studio.
• ICC (International Cricket Council)major strategicStrategic or Co-development Partner · 1 January 2019Partnership established in 2019 as part of Dream Sports' 76 million user milestone era; supports cricket ecosystem engagement.
• BCCI (Board of Control for Cricket in India)flagship strategicStrategic or Co-development Partner · 1 January 2019Partnership established in 2019 as part of Dream Sports' growth era; foundational relationship for cricket ecosystem engagement.
• IPL (Indian Premier League)flagship strategicStrategic or Co-development Partner · 1 January 2019Partnership since 2019; Dream11 became title sponsor in 2020; jersey partnerships with multiple IPL teams including GT, KKR, SRH, PBKS; over 95% of company revenues and 100% of profits previously came from IPL season.
• NBAnotable strategicStrategic or Co-development Partner · 1 January 2016Partnership established during 2016-2018 Series D funding era; extends Dream Sports' fantasy sports portfolio beyond cricket into basketball.
• Caribbean Premier League (CPL)notable strategicStrategic or Co-development Partner · 1 January 2016Partnership established during 2016-2018 era; FanCode streams CPL matches with AI-powered Hindi commentary developed in partnership with Camb.AI.
• Finverse Platform Private Limitedsubsidiary relationshipOEM/ Whitelabel/ Licensing PartnerSEBI-registered stock broker and subsidiary of Dream Sports (Sporta Technologies Pvt Ltd) that operates DreamStreet. Holds NSE Membership (90483), BSE Membership (6967), and NSDL registration (IN-DP-830-2026). Registered Office at 6th Floor, Ascent, Sudam Kalu Ahire Marg, Worli, Mumbai – 400030.
• Sporta Technologies Private Limitedparent entityOEM/ Whitelabel/ Licensing PartnerParent company of Dream Sports that holds the master brand and all subsidiary brands including Dream11, FanCode, DreamSetGo, Dream Cricket, Dream Horizon, Dream Play, Dream Money, Dream Sports Foundation, DreamStreet. Operates from Mumbai, India. Underwent reverse merger with Dream Sports Inc (US entity) in March 2025 for domicile shift to India.
• Hero MotoCorpnotable marketing partnerGTM or Marketing PartnerTitle/presentation sponsor for The Masters golf coverage on FanCode; Hero brand ambassadors include Sahith Theegala and Akshay Bhatia; partnership extends across Hero Women's Indian Open, Hero Dubai Desert Classic, Hero Indian Open, Hero World Challenge for over 20 years.

Scale indicators16 records

Recent moves5 records

Expansion highlights8 records

Direct peers

• MPL (Mobile Premier League): India's leading mobile esports and casual gaming platform offering fantasy sports, casual games and real-money contests. Operates as a direct competitor to Dream11 in the Indian fantasy/gaming market and has similarly been impacted by the August 2025 Online Gaming Act.
• Games24x7 (My11Circle): Operates My11Circle, one of Dream11's main fantasy cricket competitors in India, with a comparable user demographic and similar dependence on the IPL season. Most direct comparator on the Indian fantasy sports side, also affected by the RMG ban.
• DraftKings: US-headquartered daily fantasy sports and online sports betting operator that scaled a sports-tech platform to tens of millions of users with sophisticated product, risk-management and compliance tooling. Closest global comparable to Dream11's original model and product depth.
• Flutter Entertainment (FanDuel): Global sports betting and fantasy operator behind FanDuel, the dominant US DFS brand. Comparable to Dream Sports in combining fantasy sports, sports betting and integrated sports media (TVG, Sportsgrid), and a benchmark for capital-intensive consumer sports-tech operating models.
• WinZO: India-based vernacular social gaming platform offering 100+ casual and fantasy games including cricket fantasy. Closely comparable to Dream11's free-to-play casual gaming layer (Dream Play) and similarly navigating the post-RMG-ban landscape.
• Zupee: India-headquartered real-money gaming platform specializing in ludo and casual skill games, backed by marquee investors. Directly comparable as an India-centric RMG operator that has had to retool its monetization model following the August 2025 Online Gaming Act.

Broad incumbents

• Nazara Technologies: India's only listed pure-play gaming and sports media company with a diversified portfolio of mobile games, esports and ad-tech. Comparable as a broad Indian sports-tech incumbent operating gaming, esports and sports content assets across multiple verticals.
• JioStar (Viacom18/Disney-Star merger): India's largest sports broadcaster after the Viacom18-Star India merger, controlling IPL, ICC, BCCI and major international cricket/football rights, plus Disney+ Hotstar streaming. Broad incumbent competitor to FanCode in premium sports OTT and a benchmark for sports content pricing power in India.
• Sony LIV: Indian OTT streaming service owned by Culver Max Entertainment that carries WWE, UFC, LaLiga (until 2025), Roland Garros (via FanCode partnership) and other sports rights. Direct competitor in Indian sports streaming alongside FanCode and Disney+ Hotstar.
• DAZN: Global sports streaming OTT platform carrying rights to boxing, MMA, motorsport and football across 200+ markets. Comparable to FanCode as a pure-play digital sports content business, though DAZN operates at much larger scale across multiple geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DreamSportsHQ
• LinkedInlinkedin.com/company/dreamsports
• Instagraminstagram.com/dreamsportshq

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries10 records

Funding overview

Funding rounds3 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dream Sports