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Who Owns Indian Fantasy Sports Platform Dream11?

Dream11 has truly become an integral player in the fantasy sports industry that has mushroomed within the past few years. THis company was started in 2008 by Bhavit Sheth and Harsh Jain and has transformed the way a sports lover interacts with their favourite games, whether it’s cricket, football, or basketball. Reaching a user base of millions of active users gives players the scope to create teams, compete, and win cash prizes after conducting contests based on real-life performances of athletes.

Who Owns Dream11?

Credit: Entrackr

Dream11 is owned by Dream Sports, the parent company that has diversified into various sports-related services, including merchandise, analytics, and live sports engagement. Currently, Dream Sports has raised reasonable investment from several prominent venture capitalists and institutional investors, which has enabled it to expand and enhance its operations.

Perhaps the greatest development involving Dream11’s ownership story recently is when Tiga Investment bought stakes controlled by Tencent. Tencent is a Chinese multinational conglomerate that acted as the fuel in the company’s phenomenal growth process through capital infusions and strategic support. However, towards the end of 2024, Tiga Investment, an investment firm whose primary focus remains on the technology as well as gaming sectors, bought Tencent’s stake in the platform.

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This move signifies a shift in strategic partnerships and ownership dynamics within Dream11. Prior to this acquisition, Tencent had invested in Dream11 during its Series D funding round, which helped solidify the platform’s position in the Indian market. Tencent’s involvement was instrumental in introducing technological advancements and marketing expertise, enabling the company to optimise user experience and engage a broader audience.

Tencent’s Dream11 stake bought by Tiga Investment in a move worth $150 Million.

Check out: https://t.co/OeRuwNFjDi#Tencent #Dream11 #D11 #Fantasy #Predictions #Tiga #TigaInvestment

— Gutshot Magazine (@GutshotMagazine) October 17, 2024

From now on, Dream11 will position itself to take up this new partnership with Tiga Investment to enhance its technological infrastructure while reaching out to more and more users. It seems to centre around bringing in advanced technology, like artificial intelligence and machine learning, to provide personalised experiences to users and predict analytics-based decisions that enable users to make the right decisions regarding which players to choose for their team.

Dream11’s story represents the evolution of fantasy sports in India and the increasing interest among investors in this area. With the latest developments, especially Tiga Investment acquiring Tencent’s stake, the company is expected to undergo great strides and innovations. Fantasy sports have yet to capture the sports entertainment space; Dream11 will be essential in forging the industry.

The landscape of competition would only change further, and it was going to be a challenge for the company itself to manage changing market conditions and further demands from users to maintain its position as the fantasy sports platform in India. Equipped with strategic alliances such as that of Tiga Investment, committed engagement with users, and a keen eye on regulatory frameworks, Dream11 is certain to navigate the future of fantasy sports fairly agilely and in advance.

For more news and updates on Dream11, keep reading GutshotMagazine.com. Follow us on Facebook, Instagram, Twitter and Telegram.

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