Dream11 has been under some unwanted spotlight after the gov't passed the online gaming bill in Parliament banning real-money games in India. This affected India’s leading fantasy sports platform massively with a devastating 95 percent revenue drop. Despite this blow, Harsh Jain, co-founder of Dream Sports, the parent company of Dream11, has reportedly woved to not let his workforce go. He emphasized that talent is the company’s cornerstone, stating, “If we ever have to start laying off talent, that would be the day we should consider shutting down.”
Instead of resorting to layoffs, Dream11 is redirecting its 1,000-strong team, including over 500 engineers, toward innovative ventures. According to a report by Storyboard18, the company is pivoting to artificial intelligence, sports content, commerce, and fan engagement initiatives to navigate the challenges of a post-RMG landscape. Jain outlined the vision for 'Dream11 3.0,' a new model focused on free-to-play formats, global expansion, and sustainable monetization through advertising and sponsorships.
The RMG industry, valued at Rs. 30,000 crore and supporting over two lakh jobs, was hit hard by the ban. Yet, Dream11 is doubling down on its portfolio, including FanCode, DreamSetGo, DreamCricket, and DreamMoney, while cutting discretionary spending on marketing and partnerships. “But our people stay — and they’ll be deployed to new initiatives like Sports and AI and scaling our existing portfolio,” Jain told Storyboard18, underscoring the company’s commitment to its employees as it builds for the future.
Winzo, another gaming company, that also offered RMGs, shut its related services from August 22 onwards. The company announced its expansion to the US soon after.
