Dream11 becomes country's first gaming unicorn; claims to get 5 lakh users a day during IPL
At a time when fantasy sport is gaining popularity, Dream11 has become India’s first gaming unicorn after it got a secondary investment from Steadview Capital this year.
Founded in Mumbai in 2012 by Harsh Jain and Bhavit Sheth, Dream11 lets users create teams for upcoming matches. They get points based on the players’ performance during the match, and win accordingly. The company takes a 15 percent cut from the prize money. Dream11 began with cricket, and has grown to include football, kabbadi and basketball.
(This story appears in the 10 May, 2019 issue of Forbes India. To visit our Archives, click here.)