BCCI Announces Dream11 as Team India's Lead Sponsor

BCCI Announces Dream11 as Team India's Lead Sponsor

The Board of Control for Cricket in India (BCCI) has recently revealed that Dream11, the popular fantasy gaming platform, will be the lead sponsor for Team India. This announcement marks a significant milestone in the partnership between BCCI and Dream11.

Strength and Growth: BCCI-Dream11 Partnership

BCCI President Roger Binny expressed his congratulations to Dream11 and welcomed them as the lead sponsor. He highlighted the remarkable progress of the BCCI-Dream11 partnership, emphasizing its growth and the value it brings to Indian cricket.

The trust and potential of Indian cricket have been instrumental in establishing this strong collaboration.

Elevating Fan Engagement: Enhancing the Cricket Experience

As the ICC World Cup approaches, the BCCI aims to enhance the fan experience, making it a top priority. The partnership with Dream11 is expected to contribute to this objective by elevating fan engagement.

The inclusion of Dream11 as the lead sponsor demonstrates the commitment to provide a more immersive and enjoyable cricket experience for fans.

Dream11's Perspective: Thrilled to Take Partnership to the Next Level

Harsh Jain, Co-Founder & CEO of Dream Sports, expressed excitement about taking the partnership with BCCI and Team India to the next level. Dream11, with its passion for cricket, is honored to become the lead sponsor for the National team.

They are eager to continue supporting the Indian sports ecosystem and catering to the billion Indian cricket fans.

About Dream11

Dream11 is a fantasy sports platform that allows users to create their own teams of real-life cricketers and compete against other users to win cash prizes. The platform was founded in 2008 by Harsh Jain and Bhavit Sheth, and it has since become one of the most popular fantasy sports platforms in India.

In 2023, Dream11 was announced as the new lead sponsor of Team India for a period of three years. The partnership is reportedly worth INR 700 crore (USD 93 million). This is a major coup for Dream11, as it will give the company significant exposure to a global audience.

The partnership with Team India is part of Dream11's strategy to expand its reach beyond India. The company has already launched operations in the United States, the United Kingdom, and the Middle East, and it plans to enter more markets in the future.

Dream11 is a profitable company, and it has been growing rapidly in recent years. In 2022, the company's revenue was INR 6,000 crore (USD 782 million), and it is expected to reach INR 10,000 crore (USD 1.3 billion) by 2023.

The company's success is due to a number of factors, including its strong brand, its innovative product offering, and its large user base. Dream11 has over 100 million users in India, and it is the most popular fantasy sports platform in the country.

The company's growth has not been without its challenges. In 2020, Dream11 was fined INR 225 crore (USD 30 million) by the Indian government for violating gambling laws. However, the company has since taken steps to comply with the law, and it is now considered to be a legitimate gaming platform.

Dream11 is a major player in the Indian fantasy sports market, and it is well-positioned for continued growth in the years to come. The company's partnership with Team India is a major coup, and it will give Dream11 significant exposure to a global audience.

Conclusion:

The BCCI's announcement of Dream11 as Team India's lead sponsor ushers in a new chapter in their partnership. This development showcases the growth and trust between BCCI and Dream11. With a focus on enhancing fan engagement and elevating the overall cricket experience, this collaboration sets the stage for a thrilling future for Indian cricket.