Online Fantasy Platforms in India Go Live Despite the Pandemic

Dream Sports is the parent company of Dream11 – the online fantasy platform that shot to fame as the official partner of the Indian Premier League. Boasting more than 100 million desi users, Dream11 paid ₹ 222 Crores for the 2020 title sponsorship rights.

Dream Sports is reportedly the first Indian gaming unicorn (valued at over a billion US dollars). It has made a series of successful funding rounds and is reportedly planning a US listing early next year.

It has been reviewing presentations from global investment banks including Morgan Stanley, JP Morgan and Citigroup concerning a potential US listing. It is expected that Dream Sports will use a special purpose acquisition company (SPAC), called a blank cheque company, using a simpler procedure to enter US financial markets.

Digital entertainment genres have enjoyed rapid and constant growth. India’s online gaming market has built upon solid recent bases, bringing substantial investor interest.

In 2021, Nazara Technologies became the first gaming company listed on India’s major stock markets. After a successful ₹ 583 crore initial public offering (IPO) between March 17 and March 19, the company is now listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Offshore Indian platforms such as PureWin.com give access to popular new entertainment genres. Global digital media leaders (such as the top online casino sites reviewed on 7Jackpots) continue growing in popularity among desi users.

To know more about the various fantasy platforms in India, check out: https://thelogicalindian.com/story-feed/sports/purewin.com