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Dream11 parent set to invest $50 Mn in Cricbuzz

EntrackrEntrackr · 4m ago
Dream11 parent set to invest $50 Mn in Cricbuzz
Medial

Dream Sports, the parent company of fantasy gaming giant Dream11, is set to acquire a stake in Cricbuzz, the popular cricket media platform owned by Times Internet, according to two sources familiar with the matter. This would be the first major investment by the Mumbai-based firm in a cricket-focused content platform. “Dream11 is in the final stages of acquiring a 15% stake in Cricbuzz for $50 million,” said one of the sources, requesting anonymity. “The terms of the deal have been finalized, and the transaction is likely to materialize soon.” Founded in 2004 by Pankaj Chhaparwal, Piyush Agrawal, and Pravin Hegde, Cricbuzz started as a cricket-focused digital platform. In November 2014, Times Internet — the digital arm of the Times of India Group — acquired a majority stake in Cricbuzz for an undisclosed sum and later merged it with its cricket portal, GoCricket. “With Cricbuzz being one of India’s most visited cricket platforms, especially during major tournaments and the IPL, Dream11 will gain direct access to a highly engaged and relevant audience. This investment could help the fantasy gaming platform boost brand visibility, run targeted campaigns, and seamlessly integrate user acquisition funnels within Cricbuzz's content ecosystem,” said another source, who requested anonymity as the talks are private. According to sources, Cricbuzz closed FY25 with an estimated revenue of Rs 400 crore. However, Entrackr couldn’t verify this independently. Dream11 declined to comment on the story, while queries sent to Times Internet and Cricbuzz remained unanswered at the time of publishing.

Exclusive: Dream11 set to shut its core real-money gaming biz

EntrackrEntrackr · 7h ago
Exclusive: Dream11 set to shut its core real-money gaming biz
Medial

Exclusive: Dream11 set to shut its core real-money gaming biz “The decision was communicated during an internal town hall on Wednesday,” said one of the sources on condition of anonymity. “RMG contributes more than two-third of the company’s annual revenue.” Dream11 (Dream Sports) is winding down its real money gaming operations, sources aware of the development told Entrackr. The decision comes on the heels of the government’s recent Online Gaming Bill 2025. “The decision was communicated during an internal town hall on Wednesday,” said one of the sources on condition of anonymity. “RMG contributes more than two-third of the company’s annual revenue.” The landmark Bill, passed by the Rajya Sabha and Lok Sabha, bans all forms of online games involving monetary stakes, including fantasy sports, poker, betting apps, and opinion trading platforms. The Bill also prohibits celebrity endorsements and makes violations a criminal offense, carrying imprisonment of up to three years and fines of up to Rs 1 crore, with personal liability extended to company directors and promoters unless they can prove due diligence. According to sources, Dream11 will now shift focus to expanding its non-real-money gaming ventures such as Fancode, Sportz Drip (formerly Sports Rhythm), and its investments in Cricbuzz and Willow TV. “The firm is also likely to explore new game formats for overseas markets, similar to the strategy adopted by Mobile Premier League (MPL),” said a second source requesting anonymity. "The shutdown will also trigger severe cost-cutting measures, including mass layoffs, as the RMG business employed the majority of the firm’s workforce,” the person added. Dream11 has declined to comment on the story. Dream11’s revenue from operations surged to Rs 6,384 crore in FY23 from Rs 3,841 crore in FY22. During the period, its profit also increased 32% to Rs 188 crore. It has yet to file its annual report for FY24 and FY25.

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