Archive · 7 Dec 2025
Dream11 Shifts Focus to Watch-Parties
Dream11, a big fantasy gaming company, is changing its business.
It used to let people play fantasy sports and win money, but now it can't do that anymore.
So, it's trying something new: watch-parties.
These are like online parties where people watch sports together, talk with influencers, and have fun.
Dream11 thinks this will make money through ads and small payments.
It's a big change, but the company hopes people will like watching sports this way instead of just on TV.
It's also trying to make sure there are enough influencers to make this work.
But there's a lot of competition, so it's not easy.
Dream11 is shifting from fantasy gaming to live, creator-led watch-parties due to a ban on real-money gaming.
The company aims to monetize through ads, micro-transactions, and influencer interactions, targeting a $10 billion market.
Dream11 has a global sports reach, partnering with leagues like the IPL, BCCI, and international cricket and football tournaments.
The success of this pivot depends on whether fans will choose creator-led streams over traditional broadcasts and if India's creator pool is deep enough.
Dream11 faces stiff competition from OTT giants and telecom-media platforms that also offer sports content and creator-led experiences.
- Who
- Dream11, a fantasy gaming giant with 250 million users
- What
- Shifting focus from fantasy gaming to live, creator-led watch-parties
- When
- After the real-money gaming ban in October 2023
- Where
- Primarily in India, with a global sports reach
- Why
- To adapt to the ban on real-money gaming and tap into the growing 'watch-party' culture
- Company
- Dream11
- Users
- 250 million
- Revenue (FY23)
- ₹6,384 crore
- Profit (FY23)
- ₹188 crore
- New Focus
- Watch-parties and creator-led engagement
- Key Investors
- Tencent, Steadview Capital, Tiger Global, TPG, ChrysCapital, TCV, Alpha Wave Global