Dream11
“To simplify sports for fans” by offering engaging fantasy sports platforms for different sports. Founded in 2008 by Harsh Jain and Bhavit Sheth, it has become India’s largest fantasy sports platform.Covers Cricket, Football, Kabaddi, Basketball , Hockey , Handball, Volleyball, Rugby, Futsal, American football and baseball.
Market Share:
- Over 100 million users: Holds a massive user base, accounting for about a quarter of India’s internet users.
Last Three Years Balance Sheet:
- FY20: Dream11’s revenue was Rs 2,070.4 crore, and the company posted a profit of Rs 180.8 crore.
- FY21: The revenue grew by 53% to Rs 2,554.4 crore, and the profit increased significantly to Rs 327.1 crore.
- FY22: The gross revenue crossed Rs 4,000 crore, marking over 50% growth. However, the profit shrank by 56% to Rs 142 crore
Dream 11 Founders
1. Harsh Jain
Oversees the company’s overall strategy, operations, and direction. Graduated from the University of Pennsylvania and Columbia Business School with degrees in engineering and MBA.
Socials
- Twitter @harshjain85
2. Bhavit Sheth
Manages the company’s day-to-day operations and internal functioning. Studied engineering at IIT Bombay and pursued an MBA at Bentley University.
Socials
- Twitter @bhavitsheth
Top 10 Profitable Startups of India [Updated 2024]
India has achieved new heights past year and is continuing to gain heights at present as well. These new ideas are becoming successful because of technology, and artificial intelligence, and this country’s audience adopting these technologies fast. If we look at the previous stats of our country’s startup, It has made nearly 111 unicorns. From actors and actresses to youngsters, everyone in the country has innovative ideas and they have made their ideas turn into reality with the help of little funding made by investors and small marketing strategies.
Talent and startup ideas are at every corner of the country. That’s why the Indian government has also taken the “Startup India Initiative”. This initiative is helping young minds showcase their talents by taking part through colleges or single person only.