Dream Sports (Dream11) Stock
| Valuation | $8B1 |
| Valuation Date | Nov 24, 2021 |
| Implied Valuation | n/a |
| Last Price | $500.00 |
| 52-Week High | $500.00 |
| 52-Week Low | $500.00 |
| YTD Return | +0.00% |
| 1-Year Return | +0.00% |
| 3-Year Return | -4.76% |
| Total Funding | $1.18B2 |
| Latest Round Amount | $840M3 |
| Latest Round | Primary |
| Funding Rounds | n/a |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | $790M4 |
| Revenue Type | FY2025 |
| P/S Ratio | 10.1 |
About Dream Sports
Dream Sports is an Indian sports technology company best known for Dream11, a fantasy sports platform with over 250 million users. Dream11 was India's largest fantasy sports operator until August 2025, when India's Promotion and Regulation of Online Gaming Act banned all real-money online games and wiped out roughly 95% of the group's revenue. The company did not challenge the law and instead pivoted Dream11 into a free-to-play second-screen sports entertainment app built around creator-led match watch-alongs. It also reorganized into eight startup-style units, including FanCode (sports content and commerce), DreamSetGo (sports travel and experiences), Dream Cricket (a AAA mobile cricket game), Dream Money (a fintech platform) and the DreamStreet stockbroking platform launched in May 2026.
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News
Dream Sports CEO Harsh Jain on valuation pressure after online gaming ban
Dream Sports CEO Harsh Jain said India's online real-money gaming ban has pressured revenue and that the company's $8 billion 2021 valuation may face a reset as it diversifies beyond fantasy sports.
Dream 11's Wealthtech Fantasy Is Over
After India's real-money gaming ban, Dream Sports is narrowing its portfolio and shut FanCode merchandise and DreamPlay while focusing on sports content, fintech, and fan engagement businesses.
Dream Money to shut on July 30: What happens to your mutual funds, SIPs and digital gold
CNBC TV18 outlined how Dream Money customers can redeem mutual funds and migrate digital gold holdings before the platform shuts on July 30.
Dream Sports shuts fintech platform Dream Money within a year of launch
Dream Sports is winding down its Dream Money wealth-management app, launched in August 2025, with operations ceasing July 30 as the group narrows its post-ban diversification bets.
Dream Sports launches DreamStreet stockbroking platform
Dream Sports announced DreamStreet, an AI-powered broking platform targeting first-time retail investors with stocks, ETFs, and planned F&O and IPO access.
Dream Sports launches stockbroking platform DreamStreet, targets first-time investors
Dream Sports launched DreamStreet, an AI-assisted stockbroking platform for stocks and ETFs aimed at first-time Indian retail investors, with futures, options and IPO access planned.
Dream Sports Launches DreamStreet – a new-age broking platform to help users invest with ease and confidence
Dream Sports announced DreamStreet, an AI-powered stockbroking platform offering access to SEBI-registered research analysts and investment advisors. The launch extends the group's push into financial...
Dream Sports Foundation Partners With Premier League for Dream Sports Championship
Dream Sports Foundation announced a strategic partnership with the Premier League for coach-development workshops at the Dream Sports Championship in Goa.
Dream Sports sees over 100 employees exit after restructuring
More than 100 staff left Dream Sports after it reorganized into eight startup-style units following the August 2025 online gaming ban that forced a major business-model reset.
Dream Cricket partners with Winners Alliance for 500+ licensed players
Dream Cricket signed a partnership with Winners Alliance to feature official names and likenesses of more than 500 internationally recognized cricketers in its mobile game.
Dream Sports sharpens focus on 11 portfolio companies after RMG ban
After India's real-money gaming ban wiped out most of Dream11 revenue, Dream Sports is pivoting the platform into sports entertainment and backing 11 portfolio businesses spanning fintech, AI, and con...
Dream Cricket Partners with Winners Alliance to Bring 500+ Licensed International Players Into the Game
Dream Cricket, Dream Sports' AAA mobile cricket game with over 25 million users, secured official rights to the names, likenesses and playing styles of more than 500 international cricketers through a...
RMG ban-hit Dream Sports rejigs operations as over 100 executives check out
More than 100 employees left Dream Sports after it reorganized into startup-style units following India's real-money gaming ban. The company said around 15% of the roughly 700 redeployed employees cho...
Dream Sports swings to Rs 479 crore loss in FY25 as revenue falls 15%
Dream Sports reported a net loss of Rs 478.9 crore for the fiscal year ended March 2025 as operating revenue fell 15% to Rs 6,759.3 crore. The loss was largely driven by a one-time tax cost of about R...
Dream Money joins the ONDC Network to unlock access to Mutual Funds and scale adoption
Dream Money, Dream Sports' fintech platform, integrated with India's government-backed Open Network for Digital Commerce to enable nationwide distribution of mutual funds.
FanCode acquires Exclusive TV & Digital Rights for ISL 2025-26
FanCode, Dream Sports' sports content and commerce platform, acquired the exclusive broadcast rights for the Indian Super League, strengthening its live sports streaming portfolio.
Dream Sports Splits into Eight Independent Start-Ups after Real-Money Gaming Ban
Dream Sports reorganized into eight semi-autonomous business units, including Dream11, FanCode, DreamSetGo, Dream Cricket, Dream Sports AI, Dream Money, Dream Horizon and the Dream Sports Foundation. ...
Dream11 pivots to sports entertainment space with Twitch-like offering
Dream11 recast itself as a second-screen sports entertainment platform built around creator-led match watch-alongs, real-time reactions and free fantasy games, after India's real-money gaming ban eras...
Dream Sports launches Dream Horizon — Open-Sources Dream11's Proven, Scalable, Battle-tested Tech Engine for Indian Start-Ups
Dream Sports launched Dream Horizon, an open-source initiative making Dream11's tech platform available to India's developer community, with the HorizonOS toolset debuting at the MumbaiHacks 2025 hack...
Dream Sports CEO says valuation will plummet after real-money gaming ban
CEO Harsh Jain said India's Promotion and Regulation of Online Gaming Act wiped out 95% of group revenue and 100% of profits, though the company has cash runway for a few years.
Online gaming law led to 95% revenue loss at Dream Sports
Dream Sports said India's Promotion and Regulation of Online Gaming Act wiped out about 95% of group revenue and it is scaling FanCode, DreamSetGo, and other portfolio businesses.
Dream11, top gaming apps halt money-based games after ban
Dream11 and other major Indian platforms suspended all real-money games after Parliament passed the Promotion and Regulation of Online Gaming Act, 2025, which banned online games played for money.
Dream Sports CEO Harsh Jain on flipback to India amid RMG ban
Harsh Jain said Dream Sports completed its redomicile to India in March 2025 and is rebuilding after the real-money gaming ban, with valuation expected to reset from its 2021 peak.
Dream Sports CEO Harsh Jain: Won't legally challenge real-money gaming ban by Indian govt
CEO Harsh Jain told ET that Dream Sports will not challenge India's online gaming ban, which erased most of the company's revenue, and will rebuild around permitted businesses.
Beckham and Neville lead new consortium in Salford takeover
Dream Sports Group joined a nine-member consortium led by David Beckham and Gary Neville that took over English football club Salford City, marking the Indian company's entry into football club owners...
Dream Sports does an express flipback; among first to reverse merge sans NCLT nod
Dream Sports shifted its corporate domicile from Delaware to India by merging US-based Dream Sports Inc into its Mumbai arm Sporta Technologies, one of the first companies to use India's fast-track cr...
TIGA Investments gets CCI's clearance to acquire stake in Dream11
India's competition regulator cleared Singapore-based TIGA Investments' purchase of preferred stock in Dream Sports from an existing shareholder, a secondary transaction reported at about $150 million...
Indian fantasy gaming group Dream Sports raises $840 mln
Dream Sports raised $840 million at an $8 billion valuation in a round led by Falcon Edge, DST Global, D1 Capital, RedBird Capital and Tiger Global, one of the largest investments in the sports tech s...
Indian fantasy sports app Dream11's parent firm raises $400 million
Dream Sports closed a $400 million secondary investment led by TCV, D1 Capital Partners and Falcon Edge that valued the company at nearly $5 billion, giving early investors partial exits.
Indian fantasy sports app Dream11's parent firm raises $225M at over $2.5B valuation
Dream Sports secured $225 million from Tiger Global, TPG Tech Adjacencies, ChrysCapital and Footpath Ventures through primary and secondary investments, valuing the company at over $2.5 billion.