Ever had that fantasy dream of playing your favorite sports with your favorite player and team? But did your dream come crashing down as that is not possible for you to reach out to your favorites in real life?
Do no worry, Dream11 is a place where your dreams will eventually and virtually come true!
Okay, so let’s together explore Dream11 owner, how it works, and of course, what exactly it is.
What is Dream11?
It is an online fantasy sport platform where users are given a chance to choose real players from matches to make a fantasy team. The game performance of the selected players determines the earning points for the user of the fantasy team. These services are delivered through the “game of skill” model where users compete with each other in several sports to win a cash prize.
Dream11 Owner
The ownership of Dream11 lies with its parent company, Dream Sports. It was co-founded by Harsh Jain and Bhavit Sheth. Both guys played a very important, or you can say, the most crucial role in creating vision and operational strategies for the company.
Let’s know more about them:
Harsh Jain
Harsh Jain:
Harsh Jain is one of the co-founder’s of Dream11 and is currently positioned as the CEO for the same organization. He completed his Bachelor of Engineering from the University of Pennsylvania and completed MBA at the renowned Columbia Business School.
He has worked in virtually every field such as: digital marketing and social media management as part of his previous business venture, Red Digital.
Bhavit Sheth
Bhavit Sheth:
He also co-founded and is serving as the COO of Dream11. He has educational backgrounds in finance & operation from the University of Pennsylvania. With Jain, he was one of the architects who came up with the vision and working strategies behind Dream11.
Early Days
Dream11 was launched way back in the year 2008 in the city of Mumbai when fantasy games were still a very new concept in India. Initially it was just cricket-centric mainly due to its large fan following in India. Users can create their teams by picking real players from live matches and earn points according to their performances.
At the beginning of this venture, the founders had to face many problems: from regulatory challenges and skepticism over online gaming. The company persevered and progressively began developing other sports, such as football, kabaddi, basketball, hockey, volleyball, handball, rugby, and baseball.
Perfect Timing for Marketing
In fact, the founding stone for Dream11 occurred at some of the big sporting events like the Indian Premier League cricket tournament. This platform capitalized on enhanced interest in cricket associated with these events for marketing campaigns and promotions to boost user engagement.
How It Works
- Select Your Game: Users can opt from the list of sports and matches that feature on the website.
- Team Selection: In this game, each user selects his team by choosing the players. The price of each player is within the limits set and varies from 100 credits. The value of every single player is established by the performance of and the popularity of that player.
- Registration to Contest: The participants can register for free contests as well as some paid contests available on the platform after formation of teams.
- Earn Points: The points will be given based on actual match performance by the selected player. For instance, if a cricketer score runs or takes wickets or catches then he gets points.
- Win Prizes: After completing the game, depending on his team’s performance against the others in the event, the user may win the money prize.
Conclusion
Dream11 is one of the best examples of innovation that goes much beyond an already booming sector in sporting entertainment. Founded by Harsh Jain and Bhavit Sheth, the company has successfully engaged millions of users while making massive contributions to India’s sports ecosystem.
