Tag: Dream11

Dream11 Story: Setting Down the Success of India’s Best Fantasy Gaming Application!

Fantasy sports is what most young sports lovers today are crazy about. With fantasy sports, sports lovers need not just to enjoy a game by being a spectator, but can also create an imaginary team (of real players) of their own choice and earn rewards when this imaginary team performs well.

Thanks to the mobile and internet revolution, the fantasy gaming industry is booming in India too. With a motivated will to explore this sector, Dream11 was founded back in 2008 by two young and talented co-founders Harsh Jain and Bhavit Sheth.

A pioneer in the fantasy gaming segment, Dream11 is the first Indian gaming company to enter the unicorn club. Let’s have a look at the journey of this Mumbai-based startup that has been recognized as one of the top 10 innovative companies in India.

Know the Dream11 Success Story, Founders, History, Business Model, Funding, Revenue Model, and more here with StartupTalky.

Dream11 – Company Highlights

STARTUP NAME	DREAM11
Headquarters	Mumbai, Maharashtra, India
Sector	Fantasy Gaming
Founders	Harsh Jain and Bhavit Sheth
Founded	2008
Website	dream11.com

Dream11 – About
Dream11 – Industry
Dream11 – Founders and Team
Dream11 – Startup Story
Dream11 – Mission and Vision
Dream11 – Name and Logo
Dream11 – Products and Services
Dream11 – Business Model
Dream11 – Revenue Model
Dream11 – Challenges Faced
Dream11 – Funding and Investors
Dream11 – Acquisition
Dream11 – Growth
Dream11 – Financials
Dream11 – Partnership
Dream11 – Advertisements and Social Media Campaigns
Dream11 – Awards and Recognitions
Dream11 – Competitors
Dream11 – Future Plans

Dream11 – About

Dream11 is an application that allows its users to create imaginary teams. The catch here is that the users can earn cash based on the actual match performance of the selected players on their teams. Each good move by the players earns cash rewards for the users. Moreover, Dream11 allows its users to play games in categories like cricket, football, kabaddi, and the National Basketball Association.

Dream11 – Parent Company – Dream Sports

Dream Sports is a sports technology company whose portfolio includes brands including Dream11, FanCode, DreamX, DreamSetGo, and Dream Pay. Dream Sports is putting the vision of ‘Make Sports Better’ into action by offering a variety of ways for fans to connect deeply with the sports they love, including fantasy sports, material, commerce, experiences, and events.

Harsh Jain and Bhavit Sheth founded the company in 2008, and it was ranked #10 among India’s Great Mid-Size Workplaces in 2019. It was also named one of Fast Company’s top 10 innovative companies in India in 2019. Dream Sports’ major investors include Kalaari Capital, Think Investments, Multiples Equity, Tencent, and Steadview Capital.

Dream11 sign-up is an easy process. However, if you are confused regarding the registration process of the Dream11 app, then here’s a set of 3 quick steps that you can follow to sign up for Dream11 easily:

First, you need to download the Dream11 app on your mobile devices.
Next, you need to register on the app with your mobile number and then the OTP.
Finally, you can select your match and start playing.

Dream11 – Industry

India’s gaming market is expected to generate US$10,060 million in revenue by 2025, with a projected CAGR of 10.08% (2025-2029), reaching US$14,770 million by 2029.

This upward trend highlights the growing prominence and importance of the gaming business in India, which is being driven by a number of factors, including the population’s growing interest in gaming, expanding smartphone penetration, and more internet accessibility.

Dream11 – Founders and Team

Dream11 company was founded in 2008 by two young and aspiring entrepreneurs and sports lovers, Harsh Jain and Bhavit Sheth.

Harsh Jain (Co-Founder and Chief Enforcement Officer), Bhavit Sheth (Co-Founder and COO), Co-Founder of Dream11

Harsh Jain (Co-Founder and CEO, Dream11)

Harsh Jain is the CEO (Chief Enforcement Officer) and Co-Founder of Dream11. He is a graduate of the University of Pennsylvania with an MBA from Columbia Business School. Before Dream11, he launched and successfully led the acquisition of Red Digital (a social media agency) by Gozoop. His vision with Dream11 is to entertain sports fans with some real-time modules. Harsh Jain is currently hailed as the President of the Federation of Indian Fantasy Sports, along with being the Cultural Enforcement Officer (CEO) and Co-founder of Dream11.

The Dream11 Co-Founder is also recognized as the son of Anand Jain, an experienced businessman of enormous repute who is the Chairman of Jai Corp Limited, Urban Infrastructure Venture Capital Limited, and is often considered the third son of Dhirubhai Ambani. Anand Jain, the father of Harsh Jain, has been closely associated with the Reliance Group and was even featured at No. 11 in the Forbes’ List of India’s 40 Richest in 2007.

Bhavit Sheth (Co-Founder and COO, Dream11)

Bhavit Sheth is the COO and Co-Founder of Dream11. He is an Engineer with an MBA from Bentley University (Boston) and a Diploma in E-commerce strategies from Harvard. Bhavit co-founded Dream11 with Harsh in 2008 and also stands as the COO of the company. As COO, Sheth’s prime focus is on providing the best, trusted, and user-focused experience via operational excellence throughout the company’s processes. Sheth was also the Co-founder of Red Digital along with Harsh, which was later on by Gozoop. He was previously a Financial Research Intern at Bilav Information Services LLP, and before that, Bhavit served as a Quality Assurance Intern at Godrej & Boyce Mfg. Co. Ltd.

The company has 501–1,000 employees, as per LinkedIn.

Dream11 – Startup Story

Harsh Jain and Bhavit Sheth, childhood sports enthusiasts, co-founded Dream11, the most well-known fantasy sports application. The Indian Premier League (IPL) was the catalyst for the new fantasy sports industry to emerge. In a country with billions of cricket fans, Harsh and Bhavit created the company with the belief that sports fantasy leagues would become a profitable service opportunity.

Harsh finished his studies at the University of Pennsylvania and Columbia Business School and returned to India to solve a fantasy game problem. He invited others to join him in finding a faster solution to the problem. Many laughed at him, but Harsh’s college classmate Bhavit Sheth decided to join him for a larger party.

In 2012, the company launched its first freemium service, and from there, the real journey began. They also sought out other investors and invited them to join their venture.

Dream11 – Mission and Vision

The company’s mission on its website states, “To be The World’s Best, Largest, and most loved Fantasy Sports Platform.”

The company’s primary vision is to “make fantasy sports a part of every sports fan’s life.”

Dream11 – Name and Logo

Dream11 Logo

Dream11’s parent company is “Dream Sports.”

Dream11 – Products and Services

Dream11 has various products and services; some of the prominent ones are:

Fancode

DreamX announced the introduction of Fancode, an ad-free multi-sport aggregator platform that will include content, commerce (sports products), and community involvement in April 2019.

DreamX

The parent company of Dream11, Dream Sports, has entered the finance market with the release of DreamX, a mobile payments app that was launched in April 2023.

Dream11 – Business Model

Dream11 company operates on a freemium model, providing users with both free and premium options. Users can choose to enter free-to-play fantasy sports leagues and win smaller rewards, or they can pay to enter contests with bigger payouts. Dream11’s business approach enables it to serve a diverse user base and generate income through paid contest entries. Dream11 increases user engagement and improves monetization opportunities within the fantasy sports platform by providing a combination of free and premium offerings.

Dream11 – Revenue Model

Dream11 makes revenue from different sources. Some of the prominent ones are:

Sale of Goods

The exchange of tangible things for monetary value through the sale of goods creates income and propels the financial expansion of the organization.

Platform Fee Revenue

Dream11 makes money by keeping 15% of the entry fees that are obtained from contests held on its platform as a platform charge.

Dream11 – Challenges Faced

Being India’s number one online gaming platform did not come without hurdles. First of them was the legal challenge, particularly because of its similarity to gambling, which is largely illegal in India. This made the company go through court allegations, but the judiciary ruled that fantasy gaming is a game of skills rather than chances or probabilities. The industry, though growing at an ever-increasing speed, is in a self-regulatory phase.

It didn’t have a lot of money at first. Dream11 began its fantasy sports business with only a few thousand dollars, but it quickly expanded and required a series of angel investor investments. The amount of money needed to run the company was extremely high. But, thanks to their negotiating abilities, they were able to find some decent investment opportunities and are almost done.

A few challenges it found were:

Getting through legal obstacles
Locating a business market
Marketing the company
Fixing the office location
Planning and implementing the appropriate technologies

Dream11 – Funding and Investors

Dream11 has raised around $1.6 billion in 8 rounds of funding.

Dream11 funding and investor details are as follows:

Date	Stage	Amount	Investors
Nov 24, 2021	–	$840 million	D1 Capital Partners, DST Global, Falcon Edge India, RedBird Capital Partners, Tiger Global Management
Mar 24, 2021	Secondary Market	$400 million	D1 Capital Partners, TCV
Sep 14, 2020	Venture Round	$225 million	–
Apr 8, 2019	Secondary Market	$60 million	Steadview Capital
Sep 6, 2018	Series D	$100 million	Tencent
Jan 1, 2017	Series C	–	Multiples
Jan 1, 2016	Series B	–	Kalaari Capital, Think Investments
Jun 1, 2014	Series A	–	Kalaari Capital, Think Investments

Dream11 – Acquisition

On October 5, 2023, Dream11 acquired Sixer for an unknown amount. This calculated action is to strengthen Dream11’s standing in the fantasy sports industry by utilizing Sixer’s creative methodology and user-engagement tactics. Dream11 hopes to improve its services and bolster its position as the market leader with this acquisition.

Dream11 – Growth

Dream11 growth highlights are:

Dream11 has 15.01 million concurrent users, as per a news report from March 2024
The company had 220 million+ users as of March 2024
It has 2,50,00,000+ registered users as of March 2024
It has streamlined 40,000+ hours of live content as of March 2024
The company has 29 sports brands as partners as of March 2024

Dream11 – Financials

Dream11 has demonstrated significant growth over the past few years, with notable increases in revenue and profitability. Below is a summary of the company’s financial performance from FY20 to FY23:

Financial Metric	FY23	FY22	FY21
Revenue	INR 6,580.8 crore	INR 4,065 crore	INR 2,708.4 crore
Expenses	INR 5,838.7 crore	INR 3,762.4 crore	INR 2,210.3 crore
Profit/Loss (before tax)	INR 742.1 crore	INR 302.6 crore	INR 498.1 crore

Dream11 Revenue

Revenue Stream	FY23	FY22
Revenue from Operations	INR 6,384.5 crore	INR 3,840.8 crore
Other Income	INR 196.3 crore	INR 224.3 crore
Total Revenue	INR 6,580.8 crore	INR 4,065 crore

Revenue from operations surged in FY23 compared to FY22, with a minor dip in other income.

Dream11 Expenses

Expenses	FY23	FY22
Purchases of stock-in-trade	INR 9.9 crore	INR 0.5 crore
Changes in inventories	INR 2.1 crore	INR 0.7 crore
Employee benefit expense	INR 1,154.2 crore	INR 496.5 crore
Finance costs	INR 12.8 crore	INR 4.9 crore
Amortization & Depreciation	INR 89.7 crore	INR 40.3 crore
Other expenses	INR 4,574.3 crore	INR 3,219.5 crore

Quick Summary:

Revenue Growth: Dream11 achieved a strong increase in revenue from FY22 to FY23, demonstrating market expansion.
Profitability: The company saw a significant rise in profitability despite increased expenses.
Expense Management: Dream11’s expenses saw a significant increase in FY23 compared to FY22, driven by higher employee costs, increased operational spending, and rising depreciation expenses.

EBITDA

Dream11 Financials	FY22	FY23
EBITDA Margin	9%	12.8%
Expense/Rupee of ops revenue	Rs 0.98	₹0.91
ROCE	13%	29.4%

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Dream11 – Partnership

Dream11 has partnered with various companies; some of the prominent ones are:

Antigua and Barbuda Cricket Association (ABCA)

To stream the local organization’s T10 cricket event, the Antigua and Barbuda Cricket Association (ABCA) has teamed with India-based fantasy sports platform Dream 11 in January 2023.

Legends League Cricket

Dream 11 has partnered with LLC in March 2023. Dream 11, with this partnership, will reach as many cricket lovers as possible. Legends League Cricket will receive a huge boost from Dream 11.

WPL Mumbai Indians (MI)

Dream11 disclosed a partnership with the Mumbai Indians (MI), a WPL team, in March 2023. Vikrant Mudaliar, Chief Marketing Officer of Dream Sports, commented on the cooperation, saying that “marquee women-centric leagues like WPL will accelerate the growth of women’s cricket.”

Dream11 – Advertisements and Social Media Campaigns

Dream 11 prominent campaigns are:

Dream11 Campaign

SabKhelenge Campaign

Aamir Khan, R Madhavan, and Sharman Joshi, the illustrious ensemble of the blockbuster Hindi film 3 Idiots, are Dream11’s new ambassadors for their “Sab Khelenge” campaign which was released in April, 2023.

Dream11 – Awards and Recognitions

Dream11 has won several awards. Some of the prominent ones are:

Dream11 won the prestigious Red Herring Global 100 Award conducted by Red Herring on January 25, 2013.
According to a report by Google, Dream11 was named among the top 10 biggest and most popular trends of 2018 in India.
In 2019, BCCI signed up Dream11 as IPL’s official fantasy sports partner until 2022. This was not only validation for Dream11, but for the whole fantasy gaming sector in the country.
In 2018, Dream11 was ranked #9 among India’s Great Mid-Size Workplaces.
In Inc42’s 42Next list, Dream11 was one of 42 innovative startups.

Dream11 – Competitors

Dream11 some of the prominent competitors are:

Mobile Premier League
FanMojo
Ballebaaz
HalaPlay
Gaming Monk, etc.

Dream11 – Future Plans

Harsh Jain stated at the Startup Mahakumbh event in New Delhi that the company has no plans to expand globally. He explained that India, with one-sixth of the world’s population, offers a unique advantage, making global expansion unnecessary. Dream11, along with Games24x7 and Mobile Premier League, is one of India’s three gaming unicorns, each valued at over $1 billion.

“We are the country with the largest young population. We have tailwinds of a government that is pushing technology forward more than ever before. We must take advantage of this amazing opportunity,” he said.

FAQs

What is Dream11 app?

The Dream11 app is a fantasy gaming app created by Dream11, which is founded on January 1, 2008, by Bhavit Sheth and Harsh Jain and is currently hailed as one of India’s leading players in fantasy sports industry that boasts of 15 crore+ users.

Who is Dream11 founder?

Dream11 was co-founded by Harsh Jain and Bhavit Sheth in 2008.

Who is Dream11 owner?

According to sources, the majority of Dream11 stakes are still held by its founders, who are, therefore, the owner of Dream11. Dream Sports is the parent company of Dream11. Dream Sports is a sports technology company whose portfolio includes brands including Dream11, FanCode, DreamX, DreamSetGo, and Dream Pay.

What is the Dream11 location?

The famous fantasy sports company has its headquarters in Mumbai, Maharashtra, India.

What is Dream11 launch date?

Dream11 start date was in the year 2008.

How much is the Dream11 funding?

Dream11 has raised $1.6 billion in 8 rounds of funding to date.

Who are the Top Competitors of Dream11?

With Dream11 being number one in the industry there are close to 60 other online gaming platforms operating in the same genre. Some of them include FanMojo, Mobile Premier League, Ballebaaz, HalaPlay, Gaming Monk, etc.

How much is the revenue of Dream11?

Dream11 reported revenue of Rs 6,384 crore in FY23.

What is Dream11 business model?

Dream11 operates on a freemium fantasy sports model, where users create virtual teams and participate in paid and free contests. It earns revenue through entry fees, while distributing winnings to users. The platform also generates income from advertising and partnerships with sports leagues.

Is Dream11 a Chinese app?

Dream11 is an Indian fantasy sports platform. Tencent, A Chinese Conglomerate has a 10% stake in Dream11 as of September, 2020.

Is Dream11 legal and safe?

Yes, millions of people are playing paid leagues on Dream11. It is absolutely safe and legal way to earn money. Dream11 is the largest fantasy website in India having more than 1.1 crore players.

What is Dream 11 revenue model?

Dream11’s revenue model is based on contest entry fees, where it keeps a percentage as platform fees. It also earns from advertisements, brand partnerships, and in-app purchases.

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All Sponsors of Indian Premier League 2024 (IPL 2024)

The Indian Premier League (IPL) is a highly popular and competitive professional Twenty20 (T20) cricket league founded in 2008. The league follows a round-robin group and knockout format, which means that each team plays against the others in a predetermined number of matches, and the top-performing teams advance to the playoffs. The league comprises eight teams, each representing a major Indian city. It is widely considered one of the world’s biggest and most lucrative cricket leagues. The IPL has gained a massive following across India and beyond, with millions of cricket fans tuning in to watch the thrilling matches and rooting for their favorite teams.

TATA
My11Circle
Angel One
RuPay
Star Sports
JioCinema
CEAT
Paytm
Dream11
Saudi Tourism Authority
Aramco
Mastercard
DP World

TATA

IPL 2024 Sponsors – Tata

The Tata Group, a well-known and prominent Indian conglomerate, boasts a vast range of products and services in more than 150 countries across six continents. With operations in over a hundred countries, the Tata Group has established itself as a global player in various industries.

In January of 2024, the Board of Control for Cricket in India (BCCI) announced that the Tata Group has secured the title sponsorship rights for the Indian Premier League (IPL) for the next five years, from 2024 to 2028. This renewal of the partnership is a testament to the strong relationship between the two entities and the immense value of the IPL in the global sporting landscape.

The Tata Group’s commitment to the IPL is reflected in the record-breaking sponsorship amount of INR 2500 crore, which highlights the significance of the tournament and its impact on cricketing entertainment. The collaboration between the Tata Group and the IPL underscores a shared dedication to excellence, innovation, and providing fans with an unmatched cricketing experience.

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My11Circle

IPL 2024 Sponsors – My11Circle

My11Circle is an online fantasy game created for cricket fans who love to showcase their knowledge and analytical skills. It is owned and operated by Play Games24x7 Pvt. Ltd. This company has many years of experience in the online games industry. Additionally, My11Circle is the proud sponsor of the Lucknow IPL team in a three-year deal that began in 2022.

In this game, you get to don the hat of a selector and create a play of your choice. As a manager of your team, you get to put your trust in the players on the field to keep the scorers busy and the spectators on the edge of their seats. This game is an opportunity to test your skills and create your fortune. My11Circle is managed by a professional team of experts with years of industry experience, ensuring players have the best gaming experience.

Angel One

IPL 2024 Sponsors – Angel One

Angel One is a prestigious full-service broking firm in India that has amassed a clientele exceeding 20 million. The company is well-regarded for its innovative and comprehensive suite of services that cater to the needs of investors and traders alike. These services include online trading, investing, advisory services, margin trading facilities, algorithmic trading, and intelligent order execution.

The Super App is the centerpiece of Angel One’s offerings. It is a robust platform with advanced features like basket orders, GTT orders, SmartAPI, and sophisticated charting tools. These cutting-edge resources empower users to navigate the capital markets with expertise and precision, making informed investment decisions easier.

Angel One’s commitment to innovation and excellence has earned it several accolades and partnerships, including a five-year collaboration with the Indian Premier League (IPL) from 2024 to 2028. The company’s association with the IPL is a testament to its reputation as a trusted and reliable financial partner for investors and traders in India.

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RuPay

IPL 2024 Sponsors – RuPay

RuPay is a payment network product of the National Payments Corporation of India (NPCI). This umbrella organization facilitates and powers retail payments nationwide. The Payment and Settlement Systems Act, 2007 provides the legal framework that empowers the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) to create a secure electronic payment and settlement system in India, which includes the RuPay payment network.

RuPay is a unique and first-of-its-kind global card payment network created and designed in India. It is widely accepted at various points, such as ATMs, POS devices, and e-commerce websites nationwide. RuPay is known for its high level of security and protection against anti-phishing. This fraudulent practice aims to steal sensitive user information such as passwords, usernames, and credit card details.

Star Sports

IPL 2024 Sponsors – Star Sports

Star Sports is a well-known group of South Asian pay television sports channels that Disney Star, a subsidiary of Disney India, operates. The network is highly regarded for its extensive cricket coverage in India. It holds the pay television rights to broadcast domestic national team matches, the Indian Premier League, and International Cricket Council (ICC) tournaments. In addition to its television coverage, many Star Sports properties are available for streaming in India through Disney+ Hotstar, a sister streaming service. Star Sports has established itself as the region’s leading broadcaster of sporting events, offering fans sports-related content and live matches across multiple platforms.

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JioCinema

IPL 2024 Sponsors – JioCinema

JioCinema is a popular Indian over-the-top media streaming service that allows users to access a vast collection of video-on-demand and live-streaming content. The service is owned by Viacom18, a joint venture of Reliance Industries and Paramount Global, and was initially launched on 4 May 2016, coinciding with the public launch of the Jio mobile carrier.

In April 2022, the service was brought under Reliance’s Viacom18 joint venture, further strengthening its position in the Indian streaming market. JioCinema has become the go-to platform for Indian entertainment, offering users the convenience of free advertising- and subscription-based VOD and live-streaming content.

One of the significant highlights of JioCinema is its association with the Indian Premier League (IPL), the official streaming platform. The IPL is one of the most-watched cricket leagues globally, attracting millions of viewers every season. JioCinema has successfully onboarded 18 sponsors and over 250 advertisers for the upcoming season, showcasing the service’s growing popularity.

Moreover, the platform has an impressive roster of digital streaming sponsors for this year’s season, including Dream11 as a co-presenting sponsor, which is expected to enhance the overall user experience. With its extensive collection of content and top-notch streaming quality, JioCinema has become a preferred streaming choice for millions of users in India.

CEAT

IPL 2024 Sponsors – CEAT

CEAT Limited is a renowned multinational company specializing in manufacturing high-quality tires. The well-known RPG Group owns the company, which was founded in 1958. Over the years, CEAT has established a formidable presence in global markets and has become a trusted name among customers worldwide. CEAT’s impressive production capacity of over 165 million tires per year is a testament to its commitment to quality and innovation. The company caters to various vehicles, including passenger cars, two-wheelers, trucks, buses, light commercial vehicles, earth-movers, forklifts, tractors, trailers, and auto-rickshaws.

In recognition of its exceptional services, the Board of Control for Cricket in India has selected CEAT as an official partner to sponsor specific segments of the IPL matches. The aggregate spend of about Rs 240 crore over five years is a testament to CEAT’s reputation as a reliable and trustworthy brand committed to excellence and customer satisfaction.

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PayTM

IPL 2024 Sponsors – Paytm

Paytm is India’s leading digital payment platform that provides users with a secure, efficient, and seamless experience. It allows users to make payments, transfers, and recharge their mobile phones and data cards, among other online transactions. The platform is designed with a user-friendly interface, making it easy for anyone to navigate through the app and complete transactions in seconds.

One of the most remarkable features of Paytm is its flawless integration with BHIM UPI, which ensures hassle-free transactions for its users across the country. Users can stay informed and in control of their financial activities with instant notifications and real-time updates on all their transactions. This reinforces transparency and confidence in their economic activities.

Paytm’s versatility extends beyond payments and money transfers. It is also a one-stop solution for bill payments, mobile recharges, DTH, data card top-ups, and Metro Card recharges. This makes it accessible anytime, anywhere and eliminates the need to visit different platforms for various payment needs.

Paytm and Paytm Insider have recently partnered with six IPL franchises, making them the official ticketing partner. This partnership is a significant milestone for Paytm and Paytm Insider, as it is a testament to the platform’s reliability and efficiency in handling online transactions.

Dream11

IPL 2024 Sponsors – Dream11

Dream11 is a popular online platform that allows users to create imaginary teams that are comprised of real-life players and participate in fantasy sports games. The platform offers its users a chance to earn cash rewards based on the match performance of the players they select on their teams. Dream11 provides various games in categories such as cricket, football, kabaddi, and National Basketball Association, providing users with multiple options.

In April 2019, Dream11 achieved a significant milestone by becoming the first Indian fantasy sports company to become a unicorn. This achievement was a testament to the platform’s popularity and success in the Indian market.

Moreover, Gujarat Titans announced Dream11 as their principal sponsor for the upcoming IPL 2024 season. The team’s jersey will bear Dream11’s logo on the front, showcasing the platform’s association with the sport and the team. With this partnership, Dream11 continues to strengthen its position in the Indian sports market and cater to its growing user base.

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Saudi Tourism Authority

IPL 2024 Sponsors – Saudi Tourism Authority

The Board of Control for Cricket in India (BCCI) said that the Saudi Tourism Authority (STA) will be sponsoring the Indian Premier League (IPL), marking the first time that a government body of a foreign country will be sponsoring the high-profile T20 league. STA aims to position Saudi Arabia as a premier destination for Indian travelers by creating a sense of affinity and bolstering awareness. The partnership with the IPL is a significant development for STA as it expands its already impressive portfolio of global strategic relationships.

The IPL is one of the most prominent events on the international sporting calendar, drawing millions of viewers and fans worldwide. With the sponsorship deal, STA hopes to capture the attention of the younger demographic and establish itself as a significant player in the tourism industry. By using the IPL as a platform, the Saudi Tourism Authority will showcase the beauty and cultural richness of Saudi Arabia to millions of cricket fans worldwide, thereby increasing the country’s visibility as a premier tourist destination.

Overall, the partnership between STA and the IPL significantly enhances the relationship between India and Saudi Arabia. It will strengthen the ties between the two countries and create new opportunities for businesses and entrepreneurs to explore and expand their reach.

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Aramco

IPL 2024 Sponsors – Aramco

Saudi Aramco, officially known as the Saudi Arabian Oil Group or simply Aramco, is a state-owned company that distributes petroleum and natural gas. It is considered the national oil company of Saudi Arabia and is headquartered in Dhahran. As of 2022, Aramco is the second-largest company in the world by revenue, a testament to its significance in the global energy industry.

Recently, Aramco entered into a partnership with the Indian Premier League (IPL) to become the exclusive sponsor of two of the most prestigious individual awards in the sport of cricket: The Orange Cap, awarded to the highest run-scorer in the tournament, and the Purple Cap, given to the bowler who takes the most wickets. This move is just one of the many sports sponsorships that Aramco has undertaken in recent years, all to raise awareness about the brand while supporting excellence in the world of sports. With this partnership, Aramco has cemented its position in the cricket world. This sport is trendy in many parts of the world, including India, where the IPL is held.

Mastercard

IPL 2024 Sponsors – Mastercard

Mastercard Inc. is a leading global payment technology corporation operating in over 210 countries and territories. With its headquarters located in Purchase, New York, Mastercard offers a broad range of payment transaction processing and related services, including credit, debit, and prepaid cards, as well as digital payment solutions.

Mastercard replaced Paytm as the official title sponsor for all international and domestic cricket matches organized by the Board of Control for Cricket in India (BCCI). This move is part of Mastercard’s efforts to expand its presence in the Indian market and capitalize on the corporate cricket fanbase. The company’s sponsorship deal with the BCCI is expected to provide a significant platform to showcase its brand and services to a vast audience of cricket enthusiasts across India and beyond.

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DP World

IPL 2024 Sponsors – DP World

DP World, headquartered in Dubai, United Arab Emirates, is a prominent multinational logistics company that offers a wide range of services, including cargo logistics, port terminal operations, maritime services, and free trade zones. The company was established in 2005 due to the merger between Dubai Ports Authority and Dubai Ports International. With its strong global presence and a robust network of facilities and infrastructure, DP World has become a leading player in the logistics industry.

Recently, the Indian Premier League (IPL) team, Delhi Capitals (DC), has signed a new multi-year sponsorship agreement with DP World. The Emirati multinational logistics company will now sponsor the Delhi-based IPL team, providing it with the necessary support to enhance its performance and expand its reach.

FAQs

What is the playing format of IPL?

IPL follows a round-robin group and knockout format, which means that each team plays against the others in a predetermined number of matches, and the top-performing teams advance to the playoffs.

Who is the title sponsor of IPL?

The Tata Group has secured the title sponsorship rights for the Indian Premier League (IPL) for the next five years, from 2024 to 2028 for ₹2,500 crore.

What is the prize money for IPL 2024?

The prize money for IPL 2024 is yet to be disclosed, but it’s anticipated to either match or exceed last year’s figures. Winners could potentially receive INR 30 crore, while the runners-up may secure a prize of INR 10 crore.

March 29, 2024

Top 10 Indian Unicorn Startups and Their Revenue 2022

The startup industry in India is growing faster than we could have imagined. They are now paving a new way for the future of India. Some popular startups that caught the eyes of everyone in the past few years are Zomato, BYJUs, Nykaa, and more. These are living proof of the evolution of startups in India.

These startups have been able to provide solutions to many of our problems. Along with this, they have been able to make huge progress for themselves as well. The startups in India are now generating a great amount of revenue and an increase in terms of their valuation.

The last two years have been full of ups and downs. The time has been mixed with old and new ideas. Many businesses could not cope well during the pandemic. On the other hand, many were able to reach their prime time. The Indian startup industry has grown in the past two years like never before. Startups like BYJU, Zomato, Nykaa, and more made India proud by entering the unicorn club.

Thanks to technology, continuous innovations, and passion for entrepreneurship, India is now the third-largest home for unicorn startups in the world with almost 100+ unicorn startups already established and many more are on the way to becoming unicorn startups.

Startups in India can secure a strong foot in India now due to new terms and policies installed by the government as well as the development faced by the Indian startup ecosystem. The startups in India have become the most potential eye-catchers for investors. With great funding at proper times, startups have been able to progress at a faster pace.

Here is the list of all Indian Unicorn Startup with their revenue, profit, and valuation:

Startup Name	Industry	Founding Year	Revenue	Profit in 2021	Current Valuation
PhysicsWallah	Edtech	2016	$28 Million	-$0.877 Million	$1.1 Billion
LeadSquared	SaaS- CRM	2011	$19.3 Million	-$1 Million	$1 BIllion
ElasticRun	E-commerce Logistics	2015	$381.3 Million	-$12 Million	$1.5 Billion
LEAD School	Edtech	2012	$80 Million	-$15 Million	$1.1 Billion
Purplle	E-commerce Personal Care	2012	$180 Million	-$6 Million	$1.1 Billion
DealShare	E-commerce	2018	$193.3 Million	-$8 Million	$1.7 Billion
Xpressbees	E-commerce Logistics	2015	$190 Million	-$8 Million	$1.2 Billion
Open	Fintech	2017	$.5 Million	-$8 Million	$1 BIllion
Games24x7	Gaming	2006	$115.6 Million	$13 Million	$2.5 Billion
Amagi	Media, Advertising	2008	$43.9 Million	$2 Million	$1 BIllion
Fractal Analytics	SaaS- Analytics	2000	$250 Million	NA	$1 BIllion
Darwinbox	SaaS- HR	2015	$1.6 Million	NA	$1.07 BIllion
Livspace	E-commerce Interior Design	2014	$8 Million	NA	$1.2 Billion
Uniphore	SaaS- Conversational Automation	2008	$88.1 Million	NA	$2.5 Billion
Hasura	SaaS- Programming Tools	2017	$18.5 Million	NA	$1 BIllion
Yubi (CredAvenue)	Fintech	2017	$15.3 Million	NA	$1.3 Billion
CommerceIQ	E-commerce Management Platform	2012	$115 Million	NA	$1 BIllion
Oxyzo	Fintech	2016	$31.3 Million	NA	$1 BIllion
OneCard	Fintech	2018	$8.3 Million	NA	$1.4 Billion
Moglix	B2B E-commerce	2015	$100 Million	-$10 Million	$2.6 Billion
NoBroker	PropTech	2014	$6.3 Million	-$12 Million	$1 BIllion
MobiKwik	Fintech	2009	$52.5 Million	-$13 Million	$1 BIllion
Spinny	Automotive	2015	$10.9 Million	-$13 Million	$1.75 Billion
MPL	ESports	2018	$65.6 Million	-$16 Million	$2.3 Billion
Acko	Insurtech	2016	$98.8 Million	-$16 Million	$1.1 Billion
ShareChat	Social Media	2015	$50 Million	-$183 Million	$5 Billion
Eruditus	Edtech	2010	$131 Million	-$242 Million	$3.2 Billion
upGrad	Edtech	2015	$69.2 Million	-$26 Million	$2.25 Billion
Apna	Marketplace- Employment	2019	$2.25 Million	-$3 Million	$1.1 Billion
Urban Company	Home Services	2014	$43.7 Million	-$31 Million	$2.1 Billion
BharatPe	Fintech Payments	2018	$100 Million	-$34 Million	$2.85 Billion
CarDekho	E-commerce Automotives	2007	$88.4 Million	-$42 Million	$1.2 Billion
Licious	E-commerce Meat Products	2015	$68.2 Million	-$46 Million	$1.3 Billion
Zetwerk	Marketplace- Consumer goods	2018	$496 Million	-$5 Million	$2.5 Billion
Meesho	E-commerce	2015	$46.6 Million	-$62 Million	$4.9 Billion
Blinkit (ex-Grofers)	E-commerce- Groceries	2013	$23.6 Million	-$69 Million	$0.568 Billion
Pristyn Care	Healthtech	2018	$20 Million	-$7 Million	$1.4 Billion
Vedantu	Edtech	2011	$9.3 Million	-$75 Million	$1 BIllion
Upstox	Fintech	2010	$845.7 Million	-$8 Million	$3.4 Billion
Slice	Fintech	2016	$3.5 Million	-$8.9 Million	$1.4 Billion
CRED	Financial Technology	2018	$39.3 Million	-$80 Million	$6.4 Billion
CureFit	Healthcare	2016	$21.6 Million	-$83 Million	$1.5 Billion
Mamaearth	E-commerce Personal Care	2016	$94.3 Million	$24 Million	$1.07 Billion
Infra.Market	B2B E-commerce	2016	$623.6 Million	$3 Million	$2.5 Billion
Five Star Business Finance	Financial Services	1984	$573 Million	$44 Million	$1.4 Billion
OfBusiness	Building Materials	2015	$726 Million	$6 Million	$5 Billion
CoinSwitch Kuber	Cryptocurrencies	2017	$7.1 Million	$8 Million	$1.9 Billion
CoinDCX	Cryptocurrency Exchange	2018	$.5 Million	NA	$2.15 Billion
BlackBuck	Logistics	2015	$86.6 Million	NA	$1.02 Billion
Droom	Marketplace- Automotives	2014	$13.6 Million	NA	$1.2 Billion
PharmEasy	Online Pharmacy	2015	$646 Million	NA	$5.6 Billion
MyGlamm	Personal Care Marketplace	2015	$100 Million	NA	$1.2 Billion
Digit Insurance	Insurance	2016	$500 Million	NA	$4 Billion
Innovaccer	Healthcare	2014	$50 Million	NA	$3.2 Billion
Groww	Fintech	2017	$.6 Million	NA	$3 Billion
Gupshup	Software	2004	$150 Million	NA	$1.4 Billion
Chargebee	Financial Services	2011	$115 Million	NA	$3.5 Billion
Zeta	Fintech	2015	$152 Million	NA	$1.5 Billion
BrowserStack	Cloud Infrastructure and Software	2011	$204 Million	NA	$4 Billion
Mohalla Tech (Moj)	Software	2015	$7.7 Million	NA	$5 Billion
Matic Network / Polygon	Blockchain	2018	$4.2 Million	NA	$10 Billion
MindTickle	Saas- Enterprise Software	2011	$40 Million	NA	$1.2 Billion
Rebel Foods	E-commerce Food Delivery	2011	$90 Million	NA	$1.4 Billion
Mensa	Financial Services	2021	$150 Million	NA	$1.2 Billion
GlobalBees	E-commerce Retail	2021	$12 Million	NA	$1.1 Billion
Dailyhunt	Social News	2007	$77 Million	-$101 Million	$5 Billion
Unacademy	Edtech	2015	$59.6 Million	-$192 Million	$3.4 Billion
Cars24	B2C E-commerce	2015	$1 Billion	-$28 Million	$3.3 Billion
Glance, Inmobi	Mobile Technology	2019	$200 Million	-$9 Million	$1.8 Billion
RazorPay	Fintech	2014	$148 Million	$0.875 Million	$7.5 Billion
Zerodha	Stockbroker	2010	$272 Million	$140 Million	$2 Billion
PhonePe	Fintech Payments	2015	$72 Million	$217 Million	$5.5 Billion
FirstCry	E-commerce	2010	$21.5 Million	$26 Million	$2 Billion
Nykaa	E-commerce	2012	$163 Million	$7 Million	$8.3 Billion
Pine Labs	Fintech	1998	$200 Million	NA	$5 Billion
Highradius	Fintech	2006	$250 Million	NA	$3.1 Billion
Verse Innovation	Content Technology	2007	$96.5 Million	NA	$5 Billion
Zenoti	Saas- Spa and Salon Services	2010	$41 Million	NA	$1.5 Billion
Postman	Saas- API Development and Testing	2014	$102 Million	NA	$5.6 Billion
Delhivery	E-commerce Logistics Services	2011	$179 Million	-$14 Million	$4 Billion
Icertis	Saas- Contract Management	2009	$240 Million	-$2 Million	$5 Billion
Ola Electric	Automotive	2017	$50 Million	-$24 Million	$5 Billion
Druva	Saas- Data Management	2008	$100 Million	-$4 Million	$2 Billion
BigBasket	E-commerce- Groceries	2011	$170.7 Million	-$51 Million	$2.7 Billion
Rivigo	Logistics	2014	$37 Million	-$67 Million	$1.09 Billion
Lenskart	E-commerce- Eyewear	2010	$150 Million	$3 Million	$4.3 Billion
Dream11	Fantasy Sports	2008	$270 Million	$41 Million	$8 Billion
CitiusTech	Healthcare Technology	2005	$350 Million	NA	$2.4 Billion
Freshworks	SaaS – CRM	2010	$497 million	-$188 Million	$3.5 Billion
Udaan	E-commerce	2016	$120 Million	-$310 Million	$3.1 Billion
OYO Rooms	Hospitality	2013	$145.9 Million	-$495 Million	$9 Billion
Paytm Mall	E-commerce	2017	$28.2 Million	-$62 Million	$0.013 Billion
Swiggy	Foodtech	2014	$212 Million	$203 Million	$10.7 Billion
BYJU’S	Edtech	2011	$242 Million	$6 Million	$22 Billion
Policybazaar	Insurance company	2008	$54 Million	NA	$2.4 Billion
Billdesk	Fintech	2000	$210 Million	NA	$4.7 Billion
ReNew Power	Renewable Energy	2011	$38.12 Billion	NA	$8 Billion
OLA	Transportation	2010	$9.8 Billion	-$105 Million	$7.3 Billion
Zomato	Foodtech	2008	$410 Million	-$153 Million	$5.4 Billion
Paytm	E-commerce Finance	2010	$280 Million	-$214 Million	$16 Billion
Mu Sigma	SaaS- Analytics	2004	$150 Million	NA	$1.5 Billion
Flipkart	E-commerce	2007	$10.6 Billion	-$307 Million	$37.6 Billion
InMobi	Adtech	2007	$394 Million	-$9 Million	$1 Billion
MakeMyTrip	Online Travel	2000	$88.6 Million	-$56 Million	$2.52 Billion

1. Nykaa
2. Swiggy
3. Zomato
4. BYJU’S
5. Paytm
6. OYO
7. Udaan
8. Digit Insurance
9. PharmEasy
10. Dream11

1. Nykaa

Revenue: INR 3,773 crores FY 2022

Nykaa's CEO and Founder Falguni Sanjay Nayar- StartupTalky — Nykaa’s CEO and Founder **Falguni Sanjay Nayar- StartupTalky**

It is an Indian e-commerce platform launched in the year 2012 by Falguni Nayar. The company sells its products through three channels- website, app, and offline stores. It offers a wide variety of beauty, wellness, and fashion products.

Nayar made her company the first Indian unicorn startup led by a woman in 2020. The Firm Nykaa has revenue of INR 2,440 crores, in 2021. It has also announced revenue of INR 3,773 crores FY 2022.

This year in Q2 FY23, Nykaa’s net profit has reached 344% Y-o-Y to Rs. 5.2 crore. The company has also reported a 39% increase in its revenue which is Rs.1230 cr.

2. Swiggy

Revenue: INR 2,547 Crores in FY2021

Swiggy's CEO Sriharsha Majety- StartupTalky — Swiggy’s CEO Sriharsha Majety- StartupTalky

It is an online food ordering and delivery platform based in India. The Swiggy startup was started in the year 2014. The platform’s services are active in more than five hundred Indian cities like Delhi, Mumbai, Jaipur, etc.

The platform has taken a tech approach to handle logistics and provide solutions to customer demands. Swiggy generated revenue of Rs. 2,547 cr in FY21. This number was a 23% drop from their previous financial year 2020.

3. Zomato

Revenue: INR 4192.4 crore in FY2022

Zomato - a food delivery startup — Zomato – A food delivery startup

It is an online food ordering and delivery company founded in the year 2008. From menus to reviews the platform provides you with all the information about its partnered restaurants and gets your delicious food delivered to your doorstep.

It was the first Indian startup to make its debut in the stock market. The Zomato Unicorn is considered one of the most successful startups in India with a revenue of INR 4192.4 crores, in Financial Year 2022. It has also announced its gross order value of INR 5,500 crores in Q3 FY 2022.

The above graph shows India's Unicorn surge with its aggregate valuation. — The above graph shows India’s Unicorn surge with its aggregate valuation.

4. BYJU’S

Revenue: INR 3,039.45 Crores in FY 2022

BYJU'S - The ed-tech startup — BYJU’S – The ed-tech startup

It is a global ed-tech startup founded in India in the year 2011. The platform is known to provide adaptive, engaging, and effective learning solutions to its students around the world. Online coaching has the school’s curriculum as well as training for exams like JEE, IAS, GRE, etc.

This education startup earned the status of the 13th largest unicorn in the world as per CB insights in December 2021. The startup BYJU’s had revenue of INR 3039.4 crores as of FY 2022.

5. Paytm

Revenue: INR 4,846 crores in FY 2022

Paytm - The Financial service providing startup — Paytm – The Financial service providing startup

It is an Indian multinational technology startup that provides a digital ecosystem for consumers and merchants. Paytm was founded in the year 2010. The company offers payment services, commerce and cloud services, and financial services.

It enables users to make quick and safe UPI payments, book movie tickets, EMI payments, and more. This top Indian startup has a revenue of INR 3,187.6 crores for FY21. It has also generated revenue of INR 4846 crores in FY2022.

6. OYO

Revenue: INR 4,157 Crores in FY2021

OYO - A full-stack technology providing a global platform startup — OYO – A full-stack technology providing a global platform startup

It is an Indian multinational online travel agency for homes and hotels. It was founded in the year 2012. The OYO platform offers hotel rooms at affordable rates all across South Asia. It also offers services like complimentary breakfast services, holiday packages, rewards, etc.

The platform has made travel experiences for people easy and reasonable. It has a revenue of INR 4,157 crores, in 2021.

7. Udaan

Revenue: INR 8450 Crores in FY 2022

Udaan - A trade processing startup — Udaan – A trade processing startup

It is a network-centric B2B e-commerce platform founded in the year 2016 in India. The startup helps traders, manufacturers, and wholesalers to connect directly in one place. Udaan startup also facilitates secure payments and smooth logistics.

Udaan has been successful in solving the problems of trade for businesses across India. It has a revenue of INR 5,919 Crores in FY 21. However, in FY22 Udaan has shown Rs.8450 cr in revenue with a loss reaching Rs.3030 cr which is 22.1% more compared to the FY21 loss of Rs. 2482.

8. Digit Insurance

Revenue: INR 5,268 Crores in FY 2022

Digit Insurance - An insurance providing startup — Digit Insurance – An insurance-providing startup

It is an operator of an insurance brokerage firm founded in the year 2016 in India. The Digit Insurance company offers insurance for commercial and non-commercial vehicles, property, and travel.

Digit Insurance is one of the leading insurance companies in the nation enabling clients to make informed decisions and get themselves insured. It has a revenue of INR 5268 crores in FY22.

9. PharmEasy

Revenue: INR 4363 Crores in FY21

Pharmeasy - The online drug/medicine delivery startup — Pharmeasy – The online drug/medicine delivery startup

PharmEasy is an Indian e-pharmacy startup, founded in the year 2015. PharmEasy sells medicine and healthcare products, along with that it also connects local clinics to medical stores for health equipment supply.

In order to expand business PharmEasy has started connecting doctors to patients online and jumped into Lab testing operations now. Though PharmEasy total revenue has increased 48% to Rs 6,461.1 crore in FY22 from Rs 4,363.2 crore in FY21.

But it’s a loss that has been widening. The company has now started to take steps to make it profitable in the coming years despite having fierce challenges from its competitors.

10. Dream11

Revenue: INR 2,554.4 Crores for FY2021

Dream11 - A fantasy sport startup — Dream11 – A fantasy sport startup

It is a fantasy sports platform based in India, founded in the year 2008. Dream11 startup enables users to play fantasy sports like cricket, kabaddi, hockey, basketball, and football.

This has been the first Indian gaming company to become a unicorn. The gaming startup has revenue of INR 2554.4 crores for the Financial Year 2021.

Conclusion

The startups in India have seen massive growth in the past decade. Many startups were able to attain the status of unicorn in recent times making India the third-largest hub for unicorn startups in the world.

India has always been famous for its successful talent in technology, medical fields, and more. Now, the nation is shining bright with its batch of growing startup industry.

FAQs

What is a Unicorn company in India?

A unicorn company stands for the term for any privately owned company having a value of more than $1 billion.

Which city has the most startups in India?

At present times, the city of Bengaluru claims the position of the Indian city having the most number of startups in India.

Is BYJUS profitable?

No, the ed-tech platform BYJUS is highly appreciated for the introduction of a new concept in the world of education. It is counted among the most profitable unicorn in India.

Are Indian unicorns profitable?

India contains more than 100 unicorns on its record. However, not every unicorn is counted as a profitable company. It is estimated that out of 100 only 18 unicorns are profitable.

Which is the biggest startup in India?

India is home to many valuable startups. Some of the biggest startups in India are Urban Company, Paytm, Classplus, Razorpay, etc.

December 12, 2022

Games24x7 Success Story: How this company leads the gaming world in India
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

Who does not loves to play games, especially online or pc games? Who says only kids can play games? Adults can equally indulge in games to give themselves a break from work.

Playing games is a great way to deal with boredom. It also acts as a stress-buster, when one has to take a minute to engage in the world of fun and fantasy and escape ordinary life. If we talk about the history of video games, then that dates back to somewhere in the 1950s to 1960s.

So far, with the rise of new technology, the gaming world has also evolved. Today, we have dedicated websites where we can play games directly through the internet without downloading them or using CDs or other mediums.

Games24x7 is one of the leading Indian online gaming startups which was founded in 2006 that offers various skill games like RummyCircle and My11Circle in a hyper-personalized gaming experience.

Read the article further to know more about Games24x7’s success story, how it functions, its founders, business & revenue model, growth, funding and investors, and so on.

Games24x7 – Company Highlights

Headquarters Mumbai, India

Sector Technology, Information and Internet

Founder Bhavin Pandya and Trivikraman Thampy

Founded 2006

Valuation $2.5 billion

Website www.games24x7.com

The Story of Games24x7 & how does it work
Games24x7 – Industry
Games24x7 – Founders
Games24x7 – Mission and Vision
Games24x7 – Name, Tagline, and Logo
Games24x7 – Business & Revenue Model
Games24x7 – Funding and Investors
Games24x7 – Investments
Games24x7 – Advertisements and Social Media
Games24x7 – Awards and Achievements
Games24x7 – Competitors
Games24x7 – Future Plans

The Story of Games24x7 & how does it work

The idea of Games24x7 came in a lab at New York University by two friends – Bhavin Pandya and Trivikraman Thampy. The duo shared common interests in online games, which eventually gave birth to Games24x7 in 2006.

It started its journey by launching its first online game RummyCircle. Rummy is a kind of card game played with two decks of cards and a total of two Jokers. The platform offers online rummy. Later in 2015, Ultimate Games (U Games), the company’s casual games studio, was established to develop new games for the worldwide market.

Around 2019, Games24x7 launched My11Cricle, which is one of the country’s top fantasy sports platforms. This platform includes sports like Cricket and Football.

In 2021, Games24x7 expanded its gaming platform by adding carrom, and kabaddi to its My11Cricle portfolio.

RummyCircle and My11Cricle involve real money as the prize. The Games24x7 crew is varied, skilled, and dedicated, with offices in Mumbai, Bengaluru, New Delhi, Kyiv, Philadelphia, and Miami. The firm focuses on providing amazing gaming experiences across multiple platforms by leveraging behavioral research, technology, and artificial intelligence.

Other than online gaming, Games24x7 has specialties in Game AI, Data Science, Skill Games, Content AI, Artificial Intelligence, Machine Learning, Supervised Learning, Mobile Games, Process AI, and Data Analytics.

Games24x7 now utilizes Amazon CloudWatch to survey its applications, which consistently delivers notifications that assist engineers to detect and act on likely problems before they arise, preventing an interruption in the user experience. In addition, since there is real money involved in their RummyCircle, it takes the help of the Amazon Neptune graph database to determine whether two players in a game are conspiring to outwit the other four players. This allows the company to stay alert and prevent any sort of fraudulent activities.

Games24x7 was highlighted as one of eight innovative startups using the potential of new-age innovation to develop a new-age India on Discovery Channel’s TV series, India Startup Stories. It is also India’s 99th unicorn company.

Games24x7 – Industry

As per a report, there are about five billion internet users around the world, accounting for 63% of the world’s population. Experts predict that the tech industry will have a growth rate of 104% between 2018 and 2023.

Games24x7 – Founders

Bhavin Pandya and Trivikraman Thampy founded Games24x7 in 2006.

Bhavin Pandya

Bhavin Pandya is also the CEO of Games24x7. His responsibilities involve looking into the company’s operations and game development. Bhavin graduated from Purdue University with a bachelor’s degree in Electrical and Computer Engineering. He likes to make sure to achieve the company’s strategic goals and ensures that the correct culture is established and maintained. One of the most challenging things for Bhavin was to leave a fully-funded Economics Ph.D. program at New York University to go after his passion and launch Games24x7. He has interned at General Electric Healthcare for almost a year.

Trivikraman Thampy

Trivikraman Thampy likes to be called Vikram by his teammates. He lives in Miami and has led the firm through multiple successful product launches, marketing campaigns, and investment rounds. Trivikraman has a Ph.D. in Economics from New York University and a bachelor’s degree in Aerospace Engineering from the Indian Institute of Technology, Bombay. He has a total of 14 years of experience in handling the analytical abilities and strategic judgments of the company ever since its beginning.

Games24x7 – Mission and Vision

The vision statement of Games24x7 is, “To nurture people to develop the core values and traits that we believe are the key to any organization’s success.”

The Core Values of Games24x7 are:
- Honesty
- Humility
- Genuineness
- Decency
- Fairness
Games24x7 – Name, Tagline, and Logo

Over 14 years, Games24x7 has been transformed many times and has experimented with multiple logos and concepts.

The current logo of the company was revealed in January 2020. The new logo of the company demonstrates the importance of its mission.

The new logo shows a tech stack with coding symbols to give a form of a cube with the alphabet ‘G’ on top of the cube symbol. The logo mirrors Games24x7’s brand identity, bringing in aspects of imagination, ideation, and intelligence. It is led by a bold and steady blue with a flash of lively orange color, accompanied by tranquil teal and aqua accents.

The tagline of Games24x7 is, “The Science of Gaming”, which truly defines its creativity and as the technology leader in today’s gaming market.

Games24x7 – Business & Revenue Model

The business model of Games24x7 can be defined as having an online model where it offers a hyper-personalized gaming experience to its customers. The company works on a model-driven rather than a data-driven one, with machine learning (ML) models directing essential business logic across the operation. By leveraging technologies such as AI, ML, Data Science, and so on, the company is now offering these services as B2B products for other firms.

The three major gaming platforms of Games24x7 are:
- RummyCircle
- My11Circle
- U Games
Games24x7 gets its major chunk of revenue through RummyCircle and My11Circle gaming platforms.

Games24x7 – Funding and Investors

Games24x7 has raised $75 million in fundraising across two waves. Their most recent fundraising came on March 30, 2022, in the form of a Venture-Series Unknown round. Four investors support Games24x7. The most recent investors are Malabar Investment Advisors and Tiger Global Management. The other two investors of Games24x7 are The Raine Group and Das & Co.

Date Funding Round Fund Amount Investors

March 30, 2022 Venture Round $75 million Malabar Investment

Jun 5, 2006 Seed Round – –

Games24x7 – Investments

Games24x7 has made only one investment as of now. On August 18, 2021, Games24x7 invested in Cricheroes, a web portal aimed at the grassroots cricket ecosystem.

Games24x7 – Advertisements and Social Media

Games24x7 had rolled out a campaign for its sports fantasy platform by featuring Sourav Ganguly, who also happens to be the brand ambassador of My11Circle. The company launched a campaign ahead of IPL 2022. The idea of the ad is crafted by the Script Room. With the #IndiakaSabseBada1stPrize, which was a giveaway prize meant for the games on the My11Cricle platform.

Previously, in 2020, Games24x7 launched a campaign for its RummyCircle platform to bring out the light-hearted competitiveness of the gaming platform among the players. With the title “Apna Game Dikhao” the ad targeted the gaming spirit of rummy offers its players, which is a blend of multiple emotions. The campaign was unveiled on various media including OTT platforms and YouTube.

Recently, Games24x7 has roped in Bollywood Actor, Hrithik Roshan as its RummyCircle’s brand ambassador.

Games24x7 – Awards and Achievements

In May 2022, BCCI awarded the title sponsorship rights of the Women’s T20 Challenge 2022 to My11Circle.

The Indian Digital Marketing Awards (IDMA) 2021 was presented to RummyCircle by teaming with Affle’s MAAS platform for a campaign. The unified platform won eight awards. This was Games24x7’s first-ever mobile-user acquisition campaign with MAAS.

The awards are:
- Best use of Mobile to Drive Sales
- Cross Mobile Integration
- Most Effective App for Consumer
- Best Data-Driven Strategy
- Best Omni-Channel Campaign Management & Marketing Automation
- Most Effective Use of Digital Analytics
- Best Multi-Mobile Channel Campaign
Games24x7 – Competitors

Some of the top competitors of Games24x7 are:
1. Dream11
2. FanFight
3. Daily Fantasy Cricket
4. Classic Rummy
5. Junglee Rummy
6. Octro Inc
7. Sachar Gaming Pvt. Ltd.
8. Adda52.com
Games24x7 – Future Plans

The company plans to use its funds to invest more in technology, which is its main platform to diversify its content and aims to remain the market leader. It is also aiming to team with other content creators across international boundaries to bring more gaming content to India.

FAQs

Who is the CEO of Games24x7?

Bhavin Pandya is the CEO of Games24x7.

Who is the Brand Ambassador of Games24x7?

Games24x7 has onboarded Hrithik Roshan as it’s Brand Ambassador.

Where is the head office of Games24x7?

The Head office of Games24x7 is in Mumbai.

Is Games24x7 a Unicorn?

Yes, Games24x7 is a Unicorn.
October 28, 2022
List of Brands Endorsed by Jasprit Bumrah
An endorsement is a form of brand communication in which a famous personality acts and speaks on behalf of the brand to attract the audience’s attention. Endorsements are one of the most prominent marketing strategies for brands as it helps to show a brand’s authenticity and develops trust among the audience. Celebrity endorsement was once regarded to give a distinct differentiator in a market with a high proliferation of local, regional, and international businesses.

Almost every big business tries to include a famous celebrity suitable for their brand promotions. One great example of a celebrity here is Jasprit Bumrah. He is a well-known Indian cricketer, who happens to be the top-most choice of many brands for their promotions. As per CAknowledge, Jasprit Bumrah’s Net Worth is $7 Million (Rs.52 Crore) in 2022. Although the main source of his income comes from cricket, Bumrah is also known to endorse various brands for which he earns a good amount of money as well. In this article, we will go through some of the most popular brands endorsed by Bumrah.

Brands Endorsed by Jasprit Bumrah
- ASICS
- OnePlus Wearables
- Seagram’s Royal Stag
- Zaggle
- boAt
- Dream11
- Unix
Brands Endorsed by Jasprit Bumrah

Bumrah has a sporty and energetic personality. This makes him an appealing choice for many brands. The following are the brands endorsed by Jasprit Bumrah:

ASICS

Asics – Brands endorsed by Jasprit Bumrah

It is a sports apparel company. Jasprit Bumrah being a sportsperson seems to be a perfect choice for the brand’s endorsement. ASICS’ Pace to Glory campaign included Jasprit Bumrah and fast bowler Bhuvaneshwar Kumar. Ravindra Jadeja, an Indian cricket all-rounder, and actor Tiger Shroff are also its brand ambassadors.

Rajat Khurana, the Managing Director of ASICS India said about the brand’s association, “We are extremely delighted to bring on board leading cricketers of our Indian cricket team as the brand ambassadors for Asics India. Their commitment to fitness on and off-field leading to team India’s success is commendable, they truly resonate the brand’s core value. This partnership is also an extension of the Global ‘I Move Me’ campaign for ASICS.”

Following this, Bumrah said, “I want to make the most of our association where we inspire and motivate people to move and be a part of the larger movement started by ASICS.”

OnePlus Wearables

OnePlus Wearables – Brands endorsed by Jasprit Bumrah

OnePlus is Bumrah’s another major brand endorsement. The company has named cricketer Jasprit Bumrah as the brand ambassador for its wearables category. The cooperation with Bumrah reaffirms the brand’s ‘Never Settle’ concept and the company’s quest for perfection.

Bumrah represents a passion for a healthy, fit, and active lifestyle for today’s youth. All this truly connects with what OnePlus wearables’ category stands for.

“As a brand, OnePlus has always believed in challenging itself, constantly redefining standards and delivering on our promise to ‘Never Settle.’ A disruptor throughout his career, we see these ideologies reflected in Jasprit, his grit and his determination,” said a OnePlus spokesman.

Seagram’s Royal Stag

Seagram’s Royal Stag – Brands endorsed by Jasprit Bumrah

Another popular brand endorsed by Bumrah is Seagram’s Royal Stag, an alcoholic beverages company. The company has signed Jasprit Bumrah, India’s new pace sensation as its brand ambassador. Bumrah is an expression of brilliance and great potential, and fits in nicely with the brand’s attitude.

Jasprit said on his association with the brand, “I am delighted to be associated with a brand that constantly inspires India with the power of sports & amp; spirit of make it large. I feel that my journey as a cricketer and my achievements were driven by an underlying passion of Making it Large irrespective of the challenges and hurdles I faced”.

“Royal Stag has always been an iconic brand that has inspired people to dream, achieve and make it large in life. We are extremely excited to have Jasprit Bumrah on board. His journey from debut till today, has been inspirational, where now, he is unanimously acknowledged as one of the greats of the game across all formats. He is a source of inspiration to the millions across the country who are ambitious, embody self-belief and are willing to go the distance to fulfil their dreams”. said Kartik Mohindra, CMO, Pernod Ricard India.

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Zaggle

Zaggle – Brands endorsed by Jasprit Bumrah

Jasprit Bumrah, India’s bowling sensation, has been named a Brand Ambassador for Zaggle, payments and group dining platform. This partnership comes at a time when Zaggle is rapidly expanding its market share in the Indian domestic payments market.

Mr Raj N Phani, Founder of Zaggle, remarked of the partnership with Bumrah, “It is a perfect alignment for Zaggle. We at Zaggle, like Jasprit Bumrah, are performing at our best, and are catering to the needs of our customers and captain respectively. I congratulate Bumrah on becoming the second fastest 50 wickets taking bowler in India and wish him many successes in the times ahead. ”

“I am happy to be in association with Zaggle. Being a foodie myself, I could instantly relate the offerings on Zaggle App, and am confident; customers will find it hugely beneficial. And the campaign we shot will be out soon and will capture the imagination of all.” said Jasprit Bumrah on his association with Zaggle.

boAt

boAt – Brands endorsed by Jasprit Bumrah

Bringing in a cricketer as a brand ambassador is a significant investment for a lifestyle brand like boAt that sells consumer audio goods. Shikhar Dhawan and Jasprit Bumrah have been appointed as brand captains to help connect and increase the brand’s appeal among the target demographics. Jasprit Bumrah and other cricketers now represent the company, making it an appealing brand in the eyes of the audience.

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Dream11

Dream11 – Brands endorsed by Jasprit Bumrah

Dream11, India’s leading fantasy sports platform is another big name on the list that brought Bumrah for its brand endorsement. It is a co-sponsor of the Indian Premier League and has a huge number of cricketers representing their brand, similar to boAt. During the IPL, Jasprit Bumrah was also a part of a fun ad that the brand ran.

Unix

Unix – Brands endorsed by Jasprit Bumrah

Another name on the list is Unix. It is an Indian mobile accessories manufacturing brand. The brand offers a wide variety of products like chargers, earphones, wireless speakers, power banks, and many more. The brand signed Bumrah as his brand ambassador to increase its visibility and attract more customers.

On the brand’s association with Bumrah, Imran Kagalwala one of the company’s founder said that “we see a lot of our Unix brand traits matching with Jasprit Bumrah and we hope to have a fruitful association with Jasprit Bumrah.”

Conclusion

Brand endorsements is one of the most popular marketing strategies for the big brands. These endorsements helps a brand to promote their products or services and develop a sense of trust among the audience. Jasprit Bumrah being a famous cricketer, is one of the most popular choice for many brands’ when it comes to endorsements. He is known to be associated with many famous names like boAt, Dream11, OnePlus wearables, and more.

FAQs

Which brands are endorsed by Jasprit Bumrah?

Brands endorsed by Jasprit Bumrah are:
- Asics
- OnePlus Wearables
- Seagram’s Royal Stag
- Zaggle
- boAt
- Unix
Who is Brand Ambassador of Unix?

The Indian cricketer, Jasprit Bumrah is the brand ambassador of Unix.

Who is Jasprit Bumrah’s wife?

Sanjana Ganesan is Jasprit Bumrah’s wife.
June 26, 2022
Top 9 Successful Sports Startups in India

Many entrepreneurs are coming up with new businesses ranging from retailing sports apparel to providing analytics to improve performance. Sports is one of the biggest industries in India. In 2013, it was reported that the Sports Goods market was $2 Billion in India. Hence, it is clear that this market has a lot of potentials. Moreover, Sports startups promote health and passion. Here are a few sports startups in India that are evolving the Sports industry.

Sports in India is growing, with a newer generation of players coming in and that there is an increasing interest in luxury sports.
– Vikrant Singh Mathur, RIPC

SportsApp
Sports365
Protege Sports
Live Your Sport
SportzVillage
Rooter
Dream11
BookMySports
KOOH Sports
FAQ

SportsApp

SportsApp Homepage

SportsApp is a leading sports startup in India that was founded by Shashank Mishra and Himanshu Nain in 2018. It is an aggregated platform built to provide ease for one to connect with another. Here they can follow one another, share relevant thoughts, get updates about upcoming events, sports job positions, apply for sponsorships, etc.

All of the team members at SportsApp have played sports at different levels and have experienced the pain that experienced by most of the players currently. So, the main idea behind this sports startup is to bind everyone together so that they can make this nation a good sporting nation by organizing this sector.

Sports365

Sports365 is a Bangalore-based startup founded by Chandra Sekhar Reddy and Aashutosh Chaudhari in 2011. This is one of the first professional sports companies in India that cater to the sports and fitness sector with their one-stop solution for users’ sporting requirements of both individuals and institutions.

They sell a wide range of sports products like sports and fitness equipment, apparel and accessories of leading national and international sports brands. They also provide services for events, infrastructure development, and consulting and merchandising as well to schools and colleges, corporates, clubs and real estate.

Sports365 raised a total funding of $1 million from investors such as Zolon Ventures and Powerhouse Ventures among others. The startup has also backed Yuvraj Singh and Lara Dutta as its sports ambassadors and owns as well as operates online portals like sports365.in, tennishub.in, and badmintonhub.in.

Protege Sports

Protégé Sports is a sports-tech startup founded by Pranesh Krishnamurthy, Rohit Narayan and Rahul Rane in 2014. They aim to bring sports technology to all. Protégé Sports supplies wearable technology for team sports like hockey and football that helps track players’ performance on the field. This helps clubs and coaches to set a benchmark for the players and manage training and trial sessions accordingly.

The startup also provides SAAS i.e. Software as a Service tool such as software licenses to use its academy or club management tools, training modules and communication modules among others. They also offer tournament management services, along with ticketing and merchandising services.

Live Your Sport

Live Your Sport (Azani) is Bengaluru-based online sports goods and fitness equipment store founded in 2012 by Siddharth Suchde. The startup provides an online store for sports and fitness enthusiasts where one can find quality equipment and accessories. It uses thirteen technology products and services including Google Analytics, G Suite and reCAPTCHA among others. They also offer helpful insights into various aspects related to sports and fitness like health, diet, injury, recovery, and more.

The online platform provides a sports and fitness-oriented services centre that strives to make the users’ sports and fitness journey easy, comprehensive access and hassle-free services. It lets the users browse through 20,000 sports and fitness equipment ranging from over 30 sports and various workout modules. They also provide information on workouts, training, diets and more on their blogs.

SportzVillage

Sportz Village Homepage

SportzVillage is a Bangalore-based sports startup founded in 2003 by Jitendra Joshi and Saumil Majmudar. It is one of the oldest Indian sports startups and a leading provider of sports education and management to schools and corporates. The startup offers sports marketing, ticketing, and infrastructure services, SportzConsult and EduSports being two of its subsidies.

The startup has built an ecosystem of relationships across federations, media, brands and sponsors through its subsidies. SportzVillage capitalizes on emerging sports and health & fitness-related markets in India. They have a presence in five cities across India and raised total funding of $10 million.

Also, watch this to get some tips on starting your own sports business.

Rooter

Rooter is a Delhi-based social network for sports enthusiasts that connects people with similar interests in sports, the app was founded by Piyush Kumar in 2016. It allows users to predict scores and events with friends during the live game.

The startup assigns a passion score to each of its users and the passion score is generated by an algorithm that crawls the user’s social media activity and engagement with the app. The users can also connect to other enthusiasts based on passion score and distance. Their app is available on both iOS and Android platforms.

Dream11

Dream11 Homepage

Dream11 is a Mumbai-based online platform founded in 2009 by Bhavit Sheth and Harsh Jain. The startup is an official partner of BCCI’s IPL used for playing real-time fantasy cricket and football leagues.

The startups started with cricket and then launched football fantasy leagues as well in the year 2014. The users can form leagues and invite friends to play and compete for scores. The startup raised total funding of $100 million from investors such as Tencent, Kalaari Capital and Multiples Equity among others.

BookMySports

BookMySport Homepage

BookMySports is a digital sports platform founded by Sanjeev Sinha that is a handy interface between the public and their access to avail sports facilities covering major sports such as cricket, football, tennis, basketball and more. The platform lets users book sports facilities or create their own sports tournaments online within a matter of minutes. They aim at increasing the capacity utilization of sports facilities across cities by connecting sports enthusiasts to them through their online platform.

The startup has a wide range of products tapping the entire value chain spanning across the sports ecosystem. It enables the users to drive benefits from better management of demand and supply, introducing operational efficiencies and transparency in pricing and service delivery for users. They are currently present across six cities in India.

KOOH Sports

KOOH Sports is founded by Prabhu Srinivasan & Susir Kumar in 2010. KOOH Sports is headquartered in Mumbai. It is an international sports startup that provides sports education, training, and technology.

KOOH Sports was founded to develop sporting habits in children in order to promote a healthy lifestyle. It organizes grass root sports programs at schools to generate interest in sports among children. Its sports development centres are dedicated to nurturing and promoting sporting talents.

KOOH Sports is backed by private equity fund Faering Capital, Tata Consultancy Services (TCS), HDFC Ltd and sports promotion service Elevate Sports. Existing investors together hold a 70% stake in the company and the rest is with promoters.

Conclusion

Sports is a very important part of India. It is not only an activity, entertainment or about health, it’s about emotions. Each Indian love to watch at least one sport. Also, during critical matches, it brings families and society together.

So, this was a list of sports startups in India. Hope you enjoyed reading our article and found this informative.

FAQ

Which are some of the top startups of India?

Dream11, SportsApp, Sportz Village and Rooter are some of the top startups of India.

How many sports companies are there in India?

There are approximately 30,000+ sports companies in India

January 8, 2022
Top Media Startups in India in 2021
India has become the world’s 3rd-largest start-up base, with 3,100 start-ups provisionally rising 2.2 times from here. This exponential rise in startups has allowed startup media to appear. These sites now cover all start-ups, whether it be startup stories or news about recent startups, their founders and so on. Some media startups in India that cover these segments are:

POPxo
Wittyfeed
Pocket Aces
Arre
Vokal
ShareChat
Play Simple

POPxo

Online platform for Indian women everywhere

POPxo is the largest online community in India for women to read, watch and shop. It’s a safe place for women to lead their best lives- “Take it a POP.” POPxo is designed for the convergence of advertising and commerce from content to private label brand. POPxo posts content in six languages—English, Hindi, Marathi, Bangladesh, Tamil and Telugu—that attracts more than 39 million visitors per month, spending over 3 million hours on all its platforms. Leading brands focus on this key audience with POPxo. All this is enabled by data-driven insights into young women’s lives and hearts in India.

Wittyfeed

Modern day platform blogging for everyone

Indeed, WittyFeed, the article and listicle website, is the largest Indian content company today and the second biggest traffic number company in the world. In the short time since the launch of WittyFeed in 2014, they have been a pioneer, excluding worldwide Buzzfeed. The two founders, Singhal and Vaishnav, have had big success on Facebook as well with 4.2 million followers on the page. “We realized that it was time to monetize the public with this figure. We have also come to the conclusion, with our research and experience, that there is a boggling mind for the number of people in the virtual world, but there is an immense gap in the quality and volume of the content on the offer.”

Pocket Aces

Original Material for the millennium

Pocket Aces from Mumbai produces and distributes original material to the audience of the millennium. In July Netflix collaborated with the Content Studio of Pocket Aces, Dice Media, to produce worldwide scripted shows beginning with the new Little Things season. As more and more people get access to the internet via their phones, their taste is evolving. Right now, there are so many creators who are doing sexist, disability content…its old school, cheap humor. So all focus is on fresh content for the new generation.

Arre

It offers content in film, audio, text, and doodles, spanning diverse genres

Arre is open OTT, which was launched in October 2015, and provides original content both on its own website (arre.co.in & Arre apps & social channels), as well as on 20 platforms. It offers content in film, audio, text and doodles, spanning diverse genres such as fiction, factual entertainment, documentary, social exploration and much more.

Vokal

Where India shares knowledge

For Indian non-English Internet users, Vokal is a peer-to-peer information and opinion-sharing site. Currently, the Bengaluru-based company offers Hindi content and plans to start in several languages. Vokal also has a live video streaming feature and reports that its platform contains more than 300K questions. There are more than a thousand questions on specific subjects every day.

ShareChat

Sharechat is an Indian social media and social networking service, based in Bangalore, India.

Sharechat, a social channel of regional language, saw its valuation shoot seven times last year (2018) in the fundraising round of $100 million (InR 720 cr). Daily active users have increased from five minutes in April-May to eight minutes in September in the Bengaluru business. Sharechat would like to go deeper into micro-markets, including north-east India, before it starts focusing on the monetization of its service through ads, marketing and in-app purchases next year.

Play Simple

Gaming Platform for Indian mobile games market

A few years after raising $3.8 million from the most significant venture capital funds, SAIF partners and Chiratae Ventures, mobile game platform PlaySimple looks forward to making most of 2019. (formerly known as IDG Ventures India). Siddharth Jain and his Zynga, colleagues Suraj Nalin and Preeti Reddy and Siddhanth Jain software engineer, created the Bengaluru-based startup. Estimates indicate that the Indian mobile games market is expected to amount to $1.1 billion by 2020, and there will be 628 million users at that time.

Conclusion

These startup’s are paving the way for all the emerging startups entering in the Indian Market. Start-ups emerged as this country’s growth engine, funded by risk entrepreneurs who spent resources on India in recent years and founders who spent money recruiting employees in crowds. In order to capitalize on the demographic gain, India needs to generate 10 million jobs per year. For the country’s future growth, entrepreneurs are important. It will be a mission-critical endeavor, in order to deliver the promised troika for food, clothing and shelters, to foster the spirit of creativity and to build the skills that support entrepreneurship among our young population.

FAQs

What is a media startup?

A startup that acts as a media for startups is known as a media startup. These sites cover all start-ups, whether it be startup stories or news about recent startups, their founders and so on.

What are some media startup platforms in India?

Some upcoming media platforms in India are:
- POPxo
- Wittyfeed
- Pocket Aces
- Arre
- Vokal
- ShareChat
- Play Simple
Is StartupTalky a media startup?

StartupTalky is a News and media startup.
May 1, 2021
The Growth Of Esport Market In India: The New Booming Industry

Esports is a form of sport competition using video games which is often organized into multiplayer video games, particularly between professional players, individually or as team. Esports has managed to take over the market in India mainly because of the growth and promotion done on online streaming platform such as Youtube and Twitch. The word “esports” is getting increasingly popular by the day thanks to the multiplayer online games like PUBG and Fortnite.

The masses still don’t know that the esports industry is more than a decade old and has just shot up in India in the past few years with more developers and investors jumping into the sector. The most common video game genre of esports are multiplayer online battle arena (MOBA), first person shooter (FPS), fighting, card games, battle royale and real time strategy (RTS). The popular franchises include League of Legends, Dota and Counter strike.

Although the legitimacy of esports as a true sporting competition remains in question, they have been features alongside traditional sports in events such as Asian games, while even the International Olympic Committee are also discussing their inclusion into the future of Olympic events. In India esports accounted for around 4% of all online gaming users and 9.13% of aggregate revenue out of the overall online gaming market in FY20. The growth in esports prize money pool by 123.3% during 2016-2018 has attracted gaming enthusiasts to become professionals

Esports in India
Esports Market During Covid-19
Best Esport Games in India
Role of The Stakeholders
Esport as a Career Option
Rise in Esport Prize Money Pool
Smartphone Penetration
Emergence of Esports Café
Rise in Startup Investments
Frequently Asked Questions

Growth analysis of gaming industry globally and In India.

The global gaming market was valued at $ 151.55 billion in 2019 . This industryis expected to reach a value of $ 256.97 billion by 2025. It is expected toregister a CAGR of 9.17% over the period (2020 – 2025). Gamer’s experience iswhat all the emerging comapnies are focusing at. Every company i…

StartupTalkyAbhishek Gupta

Esports in India

According to Forbes, India ranks 16th, with a total revenue of $1.17 billion (8,000 crore approx.). Comparatively to, North America is estimated to generate revenues of almost $409 million in the next four years while China known to have largest gaming market in the world, with a total revenue of $37.9 billion (Rs 26.11 lakh crore approx.) in 2018, followed by US, Japan and Korea. This shows there is huge potential in the esports market and India needs to tap into that space.

In 2010, India only had 25 game developers whereas now we have 250 more joining the list every year. Corporate giants like Paytm, Alibaba, Tencent and even Nazara have been investing heavily in the Indian gaming market, which is currently one of the top 5 countries in terms of mobile gaming. Most of the revenue generated in esports is sponsored by companies like Asus, Oppo which have been funding to organize and promote esports competitions in India.

Popular esport events in India

Apart from the local tournaments like PUBG Mobile India Series 2019, for the first time, Mumbai is set to play host to one of the biggest esports gaming event, ESL (Electronic Sports League) which will see Dota 2 players from across the globe compete in the two-day tournament. According to a Forbes report, as of October 31^st 2019, 285 players from India had earned $216,761.38 (Rs 1.49 crore) in various esports tournaments and games, ranking India at number 64.

MPL ( Mobile Premier League) – Founder | Story | Revenue | Business Model

As per a KPMG report[https://assets.kpmg/content/dam/kpmg/in/pdf/2019/08/india-media-entertainment-report-2019.pdf] published in 2019, over 300 million people in India play online games. Onlinereal-money gaming that entered India around a decade ago, is also gaining muchpopularity, the reason b…

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Best Esport Games in India

Counter Strike

Counter Strike remains the most popular and most played esports in India. Counter Strike was released in 2012. Since 2012 Counter Strike has been India’s most popular esports game. India was not a hub for esports back then. But now Indian esports are being recognized at an international level and getting international investments too. Counter Strike is a multiplayer first-person shooter which pits two teams against each other. Competitors are given the task of eliminating the other while completing separate objectives.

Dota 2

Dota 2 is one of the first esport that comes to mind while talking about India’s most popular esports games. Dota 2 is a multiplayer online battle arena. The two featured teams can have 5 players each. To win Dota 2, each team has to destroy the opposing structure while defending theirs. Players have more than 100 characters to choose from. Each character has unique abilities, playing styles, and attributes.

Esports Market During Covid-19

The paradigm shift in the way Indians consume content and the way people socialize online has acted as a catalyst for man attention economy sectors including online gaming. According to a report by Barc and Nielson the number of smartphone game users per week grew from 60% in pre Covid times to 68% during the lockdown. Similarly the mobile games per user spent went from 151 minutes before covid 19 to 218 minutes after the lockdown.

Esports has a huge potential in the Indian market because of the high youth population. The esport segment has online gaming has witnessed significant growth in India in the past few thanks to proliferation of high end smartphone at affordable prices, as well as the rise of mobile games such as PUBG mobile, Free Fire, Clash of Legends, call of duty Mobile among PC and Console games.

Along with deeper penetration for high speed 4G internet and a rise in the number of online gamers the esports market has all the ingredients for growth. The aggregate revenue of esports startups and companies in India reached $68 Million in FY2020 and is projected to grow by CAGR 36% in the next 3 years, as per Inc42 Plus analysis of 36 companies including Jetsynthesys, Nazara technologies, Usports, Gamerji among others.

India’s online gaming revenue growth to hit inflation point

Role of The Stakeholders

From e-commerce platforms like Flipkart to Asus, high end gaming hardware manufacture s like Asus as each platform play a major role in making sure that budding gamers and professional get the required accessory or hardware. According to Leon Yu, Regional Head for India and South Asia, ASUS, “most gamers these days demand LCDs, mobility of hardware and mostly importantly performance. We have also ensured that affordability and performance is catered to with our new series of ROG gaming laptops, which start at Rs 50,000.”

In terms of affordability and availability, ecommerce platform like flipkart and amazon make sure that customers get the products at a cheaper price. Looking at the market opportunity, even unicorns such as Paytm and Hike have doubled down on games. While Paytm launched Paytm First Games as a multi-game platform, Hike-backed WinZO has also been growing rapidly and has raised plenty of funding in the recent months.

Connectivity is quintessential for the growth of the gaming industry and telecom providers too have been working around the clock to not only provide users with affordable data plans, but also work towards make high-speed data accessible across India. According to Anurag Khurana, Head of Esports, Reliance Jio Infocomm Limited, “In terms of data availability, Reliance Jio has setup 3,00,000 mobile towers and spread around 3.5 million km of high-speed broadband cables across India in order to improve the connectivity because I feel low latency is key for online gaming.”

Growth analysis of gaming industry globally and In India.

The global gaming market was valued at $ 151.55 billion in 2019 . This industryis expected to reach a value of $ 256.97 billion by 2025. It is expected toregister a CAGR of 9.17% over the period (2020 – 2025). Gamer’s experience iswhat all the emerging comapnies are focusing at. Every company i…

StartupTalkyAbhishek Gupta

Esport as a Career Option

Currently there is not much scope for professional gamers in India as the infrastructure and the ecosystem is not ready to support a lucrative livelihood for many. According to Akshat Rathee, “choosing to be a gamer is a risky proposition in India as there is not much scope. However, there are other avenues one can explore in the gaming industry. People can choose a career in game commentary, choose to be an influencer where they can play games and talk about it, or a coder who can write code to build AI for games.”

Data handlers are also a good option where they can track data issues and then the biggest avenue is voice-over artistes as many developers will look to localize game content for Indian gamers. A career in esports or gaming in India can easily earn you anywhere from Rs 50,000 to Rs 2 lakh in a month. Since esports doesn’t require any extreme physical strength, it is a gender neutral space. Sasha Hostyn is one of the most successful women in professional esports and recently won the Intel Extreme Masters 2018 tournament, taking home $50,000 (Rs 34.45 lakh).

Rise in Esport Prize Money Pool

As indicated earlier, esports has seen rising participation from Indian players as the prize money across esports tournaments has been on an upward trajectory since 2016. The entry of PUBG Mobile in India was game changing moment as it provided gamers a career option. As per sensor tower data for July 2020, out of PUBG Mobile 734 Mn downloads globally, India was the ranked top in terms of downloads, with 175 Mn installs or 24% market share.

The growth rate of Esports prize money in India

Of course, much of this growth has been in recent years, whereas esports is already a multi-billion dollar business in the US and China. So relatively speaking, India has a long way to go in terms of revenue and income for players, despite outpacing China and the US in terms of downloads. To put in perspective, in 2019, esports tournaments in the US offered over $40 Mn in prize money, while India’s largest tournaments the PUBG Mobile India Series 2020 offered Rs 50 Lakh as total prize money.

Smartphone Penetration

Aside from the internet penetration and demographic fit, esports market in India has been driven by the proliferation of high performance smartphones and increasing presence of gaming related. The number of smartphone users in India grew at a CAGR of 15% during 2015 to 2020. The growing demand for digital services for information, entertainment and communication through apps such as Facebook, Whatsapp and YouTube have led to matured segment like esports.

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Emergence of Esports Café

Esport cafes are not only a way for people to play games without owning the requisite hardware, but this is where the competitive mentality is built through amateur tournaments. India is home to an estimated 350-plus such esports cafes with PC hardware giant NVIDIA announcing plans to expand its gaming footprint in India by adding 100 more cafes. Nemesis Gaming, League of Extraordinary Gamers (LXG) and Circle Gaming are few major esports cafe startups in India.

Rise in Startup Investments

The demand for competitive gaming rises in India, the esports and gaming segment is attracting adequate investor interests. Between 2014 and H1 2020, the total venture capital funding in Indian gaming startups was $448 Mn, according to Inc42 Plus. Among the gaming startups, the top-funded startups are Dream11 with $100 Mn in total funding, followed by Smaaash Entertainment with $82.6 Mn in funding and Nazara Technologies with $79 Mn.

Frequently Asked Questions

How to get into esports in India?

You need to pick one famous game and practice it well. Get as many wins as possible. The best thing to join esport is to join a league or play in an online tournament. The entry fees are very less. It gives you chance to play against high-level players.

Which are the best esports games in India?

Counter Strike, Dota 2, League of Legends, Overwatch are some of the best esports in India.

How esports organizations make money?

Esport organizations make money through content and tournament performance.

Does esports have a future in India?

Esports as an industry has unlimited scope in India. According to the Indian Federation of Sports Gaming, Esports will see rapid growth in the country and reach a cumulative revenue of up to ₹11,900 Crore.

April 18, 2021
How Indian Startups are Backing IPL this Season

Cricket is like a Religion in India and is worshiped here. IPL is one of the most most successful franchise cricket league in the world, for which every cricket fan awaits. Even the people who are not a fan of this sport watch IPL because of the entertainment it provides. IPL is enjoyed by many Indians, where the whole family gathers together and relishes it. In 2019 a whopping 462 million viewers watched the 12th edition of the league on Star network channel between March 23 and May 12th.

Many big corporations have been sponsoring IPL for quite some time. After being on the driver seat of cricket sponsorship’s for nearly 2 decades the big corporates have now stepped aside and Indian startups have taken over the sponsor tags. This season of the IPL is sponsored by Indian Startups, Dream 11 and Cred.

Timeline of Title Sponsors in IPL

Title Sponsors in IPL

DLF

Real estate developer DLF won the deal with a bid of $50.3 million in 2008. DLF Ltd ended its five-year long association as the title sponsor with cricket tournament Indian Premier League (IPL) in 2012.

Pepsi

After DLF’s term expired in 2012, Pepsi Co got the title rights from 2013-2015 for Rs 79.2 crore per year. Pepsi Co had a five-year deal that was to end in 2017 but was ended in 2015 due to the 2013 spot-fixing scandal.

Vivo

In 2016, mobile company Vivo replaced Pepsi Co as the title sponsor of the Indian Premier League (IPL). Again In 2018 Vivo raised the title sponsorship revenue of the IPL by 454%. Vivo has pulled out as the title sponsor of the Indian Premier League (IPL) for this year’s edition, following backlash on social media. Vivo had paid Rs 2,199 crore for a five-year contract in 2018.

Dream11

After the recent clashes between India and China alongside the Line of Actual Control (LAC), ‘boycott Chinese products’ slogan became stronger all across the Indian markets. Amid the rising tensions between the two nations, Chinese smartphone maker, Vivo, decided to exit IPL for a year as of now.

BCCI held a bidding process with an expectation of lower bids because of the COVID-19 effect on the markets. Dream11 managed to grab the title sponsorship rights for Rs 222 crore, leaving Byju’s and Unacademy behind.

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Indian Startups Sponsoring IPL this Season

After being on the driver seat of cricket sponsorship‘s for nearly 2 decades the big corporates have now stepped aside and Indian startups have taken over the sponsor tags. Indian startups are sponsoring IPL to improve their brand popularity and market share in the country. IPL title sponsorship is the perfect opportunity to expand global presence of your brand.

Many Indian startups involved in the race to bag the title sponsorship of the Indian Premier League (IPL) but Mumbai based fantasy gaming startup Dream 11 bagged the deal leaving Byjus and unacademy behind.

Dream11

Dream11 is the title sponsor of the 2020 IPL and the sponsorship amount is Rs 222 crore. Dream11 managed to grab the title sponsorship rights for Rs 222 crore, leaving Byju’s and Unacademy behind. The duration of the sponsorship is until December 31.

Mr Harsh Jain, CEO & Co-Founder, Dream Sports (Dream11) said:

“ The launch of IPL in 2008 gave birth to the idea of Dream11. As avid sports fans, we wanted to offer fantasy cricket to IPL fans to help them further engage with the sport they love and showcase their sports knowledge & skill. Being a proud homegrown Indian brand that is made in India, by Indians and exclusively for Indian sports fans, we would like to thank the BCCI for giving us an opportunity to become the Title Sponsor of IPL.”

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Cred

Fintech startup CRED bagged the deal to be the official partner of IPL 2020. It has a three-season partnership which will see the association run through till the 2022 season. At the end of every game, Cred will reward the Payer of the Match where the 100th or the highest bill-payer during each match will win ₹100,000 in prize money, awarded in a special video conference ceremony and showcased on a ‘virtual fan box’ at the stadium.

Kunal Shah, Founder and CEO, CRED, said:

“We are extremely pleased to be associated with IPL, without a question among the most high-profile events on the world’s sporting calendar. CRED is aimed at giving millions of people access to the good life through improved credit standing, trusted community, and special experiences.”

Unacademy

Unacademy is a Bengaluru-based ed tech firm that has roped in as the official partner for the Indian Premier League (IPL) for three seasons. The sponsorship for three years will cost Unacademy INR 120-130 crore, reports suggest.

“We are delighted to become the Official Partner of IPL. Unacademy is a high-intensity brand that has disrupted the education and learning market with innovations and broken geographical barriers for Learners and Educators.

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Marketing is not just about making money, it’s also about making your presence felt in the market and IPL title sponsorship is the perfect opportunity to expand global presence of the brand. It is is one of the most successful franchises cricket league in the world. More than 70 matches over a period of 50 days are played. International and Indian cricketers turn out to play every day thus producing content that keeps the viewers tuning in the day in and day out is just what brands need. IPL has a sheer range of investment opportunities that makes it relevant to brands across various categories.

April 17, 2021
Dream 11: Binding Indians Together

Dream 11, India’s magnificently famous Fantasy game was started in 2008 by Harsh Jain and Bhavith Seth. Both being football enthusiasts themselves wanted to increase the involvement of sports lovers in their favorite sport. Dream 11 has crossed 60 million users in 2019 and is expecting to reach 100 million users by next year. Adding onto Dream 11’s business and revenue investors like Tencent and Stead view Capital, Think Investments, Multiples Equity, and Kalaari Capital have invested largely to the Dream 11 fantasy game. Being the first Indian company to make it to Unicorn club, Dream 11 now values over $ 1 Billion.

The application Dream 11 is a major hit among Indians since it binds the country together for their love for Cricket. India’s love for cricket is uncanny and unstoppable. When countless things tear the country apart, cricket will always make us stick together and Dream 11 currently, has a major role in doing so.

The Dream Behind Dream11
Dream11 – Business Model
Dream11 – Revenue Model
Conclusion
Frequently Asked Questions

The Dream Behind Dream11

Harsh Jain and Bhavith Sheth, the founders of Dream 11 were just 22-year-olds when the journey of Dream 11 in India began. Both being huge fans of the fantasy leagues of English football wanted to do something similar for IPL (Indian Premier League) Dream11 started off as a personal project for the duo with the plan to help Indians be move involved in their beloved sport more than ever.

Harsh was an engineering student at the University of Pennsylvania and he was also working as a marketing manager at Jai Crop, an infrastructure and real estate company promoted by his father Anand Jain. Red Digital, a digital and social media agency was also dabbled by the duo in 2010.

The company sold Gozoop for roughly Rs7 crore in 2013. Dream 11 was initially an ad-based model which had a long season format. sadly, it didn’t find many takers. The company eventually decided to stop this model in 2012 and shifted its focus to allow users to invest money in their favorite teams. Allowing users to pick a team before the match begins and also allows the users to choose which players will perform the best. Earning a rank at the end of the game depends upon how the user performs throughout the actual math and how many points has the user accumulated.

The users are charged with a service fee if they choose to play a money game wherein the money is pooled and the user earns ranks. having just 300,000 users in January 2015, the company has now reached 1.3 million users by the end of the year. Witnessing Dream 11’s trajectory, its user count took a leap from 5.7 million users at the end of 2016, then to 17 million users in 2017, and more than 8 crore + users currently.

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Dream11 – Business Model

Dream 11 is a sports startup for sports buffs to showcase their love, passion and especially their knowledge regarding the sport. Enabling the users to create their own team using the available players in a certain match, the users create the best possible team according to their wish.

Dream 11 Investors Valuation (In $ Million)

Once the teams are created, the users can compete with other users online through the Dream 11 app. Points are awarded to each player during the ongoing match depending upon their performance in the real match. In the end, the user with the maximum points wins the biggest chunk of the designated prize money. One has to pay a fixed amount of money to compete with other users on the app. Only a definite number of players are allowed to participate. The entry fee for a certain league is the same for all the users.

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The users don’t always win the prize money, however, the person with the highest points is awarded the prize money and the prize money is also decreased depending upon the rank. The total amount put in by all the users is usually higher than than the total prize money which is distributed among the winners, the remaining amount is collected by Dream 11. The entry fees are usually around Rs75 with the total prize pool of Rs3 Lakh with respect to 5333 entries. The number of winners ranges to 2600. The prize money is then distributed among 2400 users from the 5333 entries.

Dream11 – Revenue Model

Dream 11 spends a lot of money on technology up-gradation, platform maintenance, human capital and of course advertising. With this, they also offer cash prizes and rewards to the top scorers. Diving deeper into the app one can opt for free as well as cash contests. The free contests consist of users to just enter and play. The top scorers in free contests do not any cash rewards. The cash contests aren’t free to enter.

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IPL is the most loved cricket league in India. Brands pay a hefty amount to getthat title sponsor. Vivo was the title sponsor of IPL from 2016 to 2019 but dueto rising tension in the galwan valley Indian government banned 59 apps. Thisled to a huge uproar against BCCI for having Chinese smartphon…

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The users are supposed to pay an entry fee to create their desired fantasy game team thus entering the contest. The winners of the cash contests are eligible to claim the cash rewards. The money is usually transferred into the winner’s bank account. In order to make money, Dream 11 makes sure the sum total collected before the game as ‘entry fees’ is greater than the sum of all the cash rewards paid by them to the top-scoring participants during the match.

Dream 11 Total Expenses

When a user selects his/her team they are supposed to pay Rs.73 to enter the Dream11 cash contest. The total prize money amounts to Rs.3 lakhs and this price amount will be distributed to the winners. the total slots available for a match are 5,333.The total revenue to be collected by Dream11 will be the amount that calculates when you multiply the total slots by the entry fee which is Rs.5333 x 73 = Rs.3,89,309.

Conclusion

Thus Rs.3,00,000 being the total price money payable under the contest the remaining, Rs.89,309 represents Dream11’s revenue. Dream 11 the fantasy cricket app collects its revenue by charging the users an entry fee when they join a contest, Ultimately, its a 20-80% game wherein 20% is deducted as commission and the remaining 80% is distributed among the winners of the contest.

Frequently Asked Questions

Is Dream11 legal and safe?

Yes, millions of people are playing paid leagues on dream11. It is absolutely safe and legal way to earn money. Dream11 is largest fantasy website in India having more that 1.1 crore players. It is not like bidding.

Is Dream11 a Chinese app?

No, Dream11 is a an Indian startup, founded by Harsh Jain. It is an Indian fantasy sports app. Tencent, a Chinese conglomerate has 10% stake in Dream11.

How Much Money Dream 11 Makes?

Dream11 has userbase of 800 million in 2020. In 2019, Dream11 generated a revenue of around ₹775cr ($103M), a 250% growth over 2018 revenue of ₹224cr ($30M).

April 17, 2021