Dream11
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | N/A | Series A | |
N/A | Series A | ||
N/A | Series B | ||
N/A | Series C | ||
$100m | Series D | ||
$60.0m Valuation: $1.0b | Late VC | ||
$225m Valuation: $2.5b | Late VC | ||
$400m Valuation: $5.0b | Secondary | ||
* | $840m Valuation: $8.0b | Late VC | |
Total Funding | €1.1b |
Recent News about Dream11
EditDream11 is a prominent player in the fantasy sports industry, primarily serving sports enthusiasts who enjoy engaging with their favorite games on a deeper level. The company operates in the online fantasy sports market, which has seen significant growth due to increasing internet penetration and the rising popularity of various sports leagues globally.
Dream11 allows users to create virtual teams composed of real-life players from upcoming matches in sports like cricket, football, basketball, and more. Users are given a budget of 100 credits to assemble their team, making strategic decisions based on their sports knowledge. The performance of these virtual teams is then tracked based on the actual performance of the players in real matches.
The platform caters to a diverse clientele, ranging from casual sports fans to serious fantasy sports players. It offers both free and paid contests, where users can compete for cash prizes or simply for fun. Dream11 generates revenue primarily through entry fees for these paid contests. Users pay a fee to join cash contests, and the company takes a percentage of the total pool as its revenue. Additionally, Dream11 benefits from in-app advertisements and partnerships with various sports leagues and teams.
Dream11's business model is built on user engagement and retention. The platform encourages users to invite friends, offering cash bonuses for successful referrals. It also provides a social aspect where users can follow each other and share their achievements, fostering a community of sports enthusiasts. The app offers rewards and incentives for frequent play, which helps in maintaining a loyal user base.
In summary, Dream11 is a leading fantasy sports platform that monetizes through entry fees for cash contests, advertisements, and partnerships. It serves a wide range of sports fans, providing an engaging and competitive environment for users to test their sports knowledge and win prizes.
Keywords: Fantasy Sports, Cricket, Football, Online Gaming, Cash Contests, User Engagement, Sports Enthusiasts, Virtual Teams, Revenue Model, Social Features.