Is Dream 11 A Chinese Linked Company?

What is the dream11 of the sponsor of IPL 2020 Dream 11 from China

Leaving behind giants such as Unacademy and Bayouz, gaming platform Dream 11 has acquired the title rights to the Indian Premier League (IPL 2020) and it is a common discussion on social media that the Chinese company has a stake in the company. Let Dream 11 replace China’s mobile phone manufacturer Vivo, which had to withdraw from sponsorship due to India-China tension on the border.

Let’s tell Dream 11 is an Indian company. It was founded by Harsha Jain and Bhavita Sheth. According to sources, its founders and more than 400 employees comprise Dream 11 stakeholders are Indians. According to media reports, China’s tech company Tencent had invested $ 100 million (Rs 720 crore at the time or Rs 746 crore at present) in Dream-11 in 2018. Chinese-controlled Hong Kong-based Stadeview Capital also invested $ 60 million (Rs 448 crore) in 2019.

Important facts related to Dream 11

Dream 11 is a sports app available for Android and iOS. Apart from cricket, it is also in fantasy sports gaming app hockey, football, basketball, and kabaddi. In 2008, childhood friends Harsh Jain and Bhavit Seth started Dream 11. Since 2012, the Dream 11 Fantasy League started to become popular in India and the company marketed it fiercely. In 2018 itself, Dream 11 made Mahendra Singh Dhoni it is the brand ambassador and started the Dhoni campaign with the mind and saw its users reach 4 million on sight.