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Dream Sports to launch stockbroking platform Dream Street

EntrackrEntrackr · 4h ago
Dream Sports to launch stockbroking platform Dream Street
Medial

Dream Sports to launch stockbroking platform Dream Street Dream Sports, the parent of Dream11, is set to enter the stockbroking space with a new platform, Dream Street, as it looks to diversify beyond gaming and compete with players such as Groww and Zerodha. The move builds on its financial services push through Dream Money, launched in August 2025, which signaled the company’s entry into wealth management with investment and advisory offerings. Dream Street is expected to target retail investors and leverage Dream Sports’ large user base built via its fantasy sports ecosystem. Moneycontrol, which first reported the development, said Harsh Jain confirmed that the company has secured all required licences and is internally testing the product, with a public launch expected soon. According to the report, Dream Sports’ chief product officer Rahul Mirchandani will lead the brokerage arm as CEO. The development follows a restructuring exercise at Dream Sports. The firm reorganised operations into multiple independent units after over 100 executives exited. The shift aimed to create new revenue streams as regulatory changes affected its core real money gaming business. The push came after a ban on real money gaming in August 2025 disrupted revenues and led the company to focus on investments and wealth products. Dream11’s revenue from operations declined 15% year-on-year to Rs 6,759 crore in FY25 from Rs 7,934 crore in FY24. Notably, FY25 closed months before the ban on real money gaming. During the period, the firm slipped into losses, reporting a Rs 479 crore loss in FY25 compared to a Rs 1,295 crore profit in FY24, due to a one-time tax expense and director benefits.

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Dream Sports restructures business as over 100 executives exit

EntrackrEntrackr · 13d ago
Dream Sports restructures business as over 100 executives exit
Medial

Dream Sports, the parent of Dream11, has reorganised its operations following regulatory challenges in the real-money gaming (RMG) sector, leading to the exit of more than 100 executives. After the online gaming ban in August last year, Dream Sports reorganised into multiple startups including Dream11 (pivoted), FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money, and Dream Horizon. Confirming the development to Entrackr, a Dream Sports spokesperson said, “Dream11’s 700 employees were redistributed across these startups based on experience. Around 15% chose to leave for larger companies or start their own ventures, while attrition is only slightly higher than the earlier 10%.” According to Dream Sports, it currently has around 950 employees. Following the ban on real-money gaming, Dream Sports has shifted from fantasy gaming to a global sports entertainment platform, with creator-led watch-alongs, fan interactions, banter streams, and free-to-play fantasy formats. Dream11’s revenue from operations declined 15% year-on-year to Rs 6,759 crore in FY25 from Rs 7,934 crore in FY24. The firm reported a loss of Rs 479 crore in FY25, compared to a profit of Rs 1,295 crore in FY24. According to the company’s filing, costs booked against the domicile shift and directors' benefits led to the loss. The RMG ban had triggered a wave of layoffs across the sector, forcing companies to explore ad-driven and subscription-led monetisation models. The list includes Gameskraft’s 400 layoffs, A23 Rummy (Head Digital Works) cutting 500 jobs, Zupee axing 170, MPL shrinking up to 60% of its staff, and Baazi Games reducing its headcount by 200. Games24x7 reportedly laid off 70% of its workforce. Some of these companies are also facing heat from the government's financial investigation agency Enforcement Directorate (ED).

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