Synopsis

The parent firm of fantasy gaming platform Dream11 has been hit hard by the government’s ban on real money gaming. With the location change, the company will look to stay lean and focus on “building the next big thing from India for the world,” per Harsh Jain, CEO and cofounder.

Harsh Jain, CEO, Dream Sports
Dream Sports, the parent firm of fantasy gaming platform Dream11, will shift its corporate office from Bandra Kurla Complex (BKC) to Worli in January 2026, CEO and cofounder Harsh Jain said.

The move comes amid the company’s broader cost-optimisation efforts as the real money gaming (RMG) industry continues to face significant headwinds following recent regulatory curbs.

In a post on microblogging platform X, Jain said the company would move into the ‘Dream Sports Stadium,’ an office located in Worli, close to the Lower Parel neighbourhood, where the startup began operations in 2008. He added that bringing all Dream Sports brands under one roof would help the company “collaborate better, move faster, and operate smarter.”



Founded 17 years ago, Dream Sports has built a portfolio that includes Dream11, FanCode, DreamSetGo, Dream Cricket, Dream Money, Dream Play, Dream Sports AI, and The Dream Sports Foundation.

Like several other firms in the online gaming space, the company has been navigating an uncertain regulatory environment that has led to muted revenue growth for the sector.

In an earlier interview with ET, Jain described the new legislation, which enforces a blanket ban on real-money online games, including fantasy sports, as a “knockout punch” to the business, saying it erased 95% of the group’s revenue overnight along with 100% of its profits.

The regulatory impact has prompted companies, including Dream Sports, to cut costs, optimise expenditure, recalibrate business plans, and pivot models. Dream Sports’ move back to Worli aligns with this strategic shift, Jain said, adding that the company aims to stay “lean, frugal, and laser-focussed on building the next big thing from India for the world.”

Meanwhile, several gaming firms have already exited India or scaled down operations. Hike shut down its RMG app, Rush, WinZo exited the RMG segment locally and expanded into the US, and Mobile Premier League (MPL) halted all cash gaming in India.

Contact to : xlf550402@gmail.com


Privacy Agreement

Copyright © boyuanhulian 2020 - 2023. All Right Reserved.