Dream11, which is run by Sporta Technologies aka Dream Sports<\/a>, also saw its revenue increase by over 2.5 times to Rs 2,070.4 crore in FY20 from Rs 775.5 crore in FY19, according to the latest regulatory documents sourced from business intelligence platform Tofler. In the filing, it attributed its revenue growth to “innovative marketing strategies” and “exciting new products”.
Omni-channel beauty and personal care retailer Nykaa<\/a> is the only other major consumer-focused startup that has recorded a profit—close to Rs 62 crore in FY21.
Earlier this year, Dream Sports closed a $400-million secondary funding<\/a> round that valued it at around $5 billion. Another secondary round is underway at a significant valuation jump, according to industry sources. In a secondary transaction, existing investors sell their shares to new ones and the money doesn’t go to the company’s coffers.
The company’s expenses grew to Rs 1,867 crore in FY20 compared to Rs 934 crore the previous year. Dream11 spent 71% of its total expenses—Rs 1,328.02 crore—on advertising and promotions, compared to Rs 785 crore in the previous fiscal. Its spending on employee benefits rose by 133.6% to Rs 153.21 crore during FY20.
In an interview <\/a>with ET in March, cofounder and chief executive Harsh Jain<\/a> had said the company was already profitable and was looking to diversify its offerings. To expand its non-fantasy gaming offerings it set up a corporate venture fund in August to back sports-tech startups and become a major online sports technology group. The corporate venture arm has a corpus of $250 million. It is financing the entire fund from its balance sheet and has already made more than eight investments.
“We want to redeploy our Ebitda and re-invest further into inorganic growth because, while organic growth continues, we don't want to fall into that age-old trap of trying to do everything ourselves,” Jain told ET in August. Ebitda, which stands for earnings before interest, tax, depreciation and amortisation, is a measure of a company’s overall financial performance.
In an earlier interview with ET, Jain had said, “Our focus now is on diversification. We have one good core business which has market leadership in its area. Now, we want to go and build the YouTube, Gmail and Google Maps of sports. We want to build an Alphabet-like entity, not just Google Search.” Alphabet Inc is Google’s parent company.
Cofounded by Jain and Bhavit Sheth in 2008, Dream11 had over 9 crore active users who play fantasy cricket, football, kabaddi, hockey, according to the filing. While the Supreme Court said that Dream11's fantasy sports format was a ‘game of skill’ in July, last week the Karnataka government proposed a bill that would ban such games as part of ‘online gambling’. The bill, however, made exceptions for lotteries and betting on horse races.
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Dream11时钟在FY20价值180卢比的利润
Dream11,由Sporta技术即体育梦想,也看到它的收入增长了2.5倍2070。4卢比在FY19 FY20从775.5卢比。
孟买:
Dream11在线幻想游戏平台,记录的利润180卢比在2020年财政年度,这为数不多的印度高科技消费品独角兽已经盈利。它已经记录在FY19亏损87卢比。
Dream11,即由Sporta技术梦想体育也看到了其收入增长了2.5倍2070。4卢比在FY19 FY20从775.5卢比,根据最新的监管文件来自Tofler商业智能平台。在文件中,它将其收入增长归因于“创新营销策略”和“令人兴奋的新产品”。
Omni-channel美容和个人护理零售Nykaa是唯一的其他主要消费主导型启动了profit-close FY21 62卢比。
今年早些时候,梦想体育关闭二次融资4亿美元圆的,价值在50亿美元左右。另一个次轮正在一个重要估值跳,据业内人士。在第二个事务,现有投资者将股份出售给新的,钱不去公司的金库。
公司的费用相比,FY20增长到1867卢比到934卢比。Dream11花了71%的总expenses-Rs 1328 .02点crore-on广告和促销,相比之前的财政785卢比。其员工福利支出FY20期间增长了133.6%,至153.21卢比。
在一个面试与3月,创始人和首席执行官严厉的耆那教徒的表示,该公司已经盈利,指望着多样化的产品。扩大non-fantasy游戏产品,建立一个企业风险基金8月份回sports-tech创业和成为一个主要的在线体育科技集团。企业风险的手臂有一个2.5亿美元的语料库。从其资产负债表融资整个基金和投资已经超过8。
息税折旧摊销前利润“我们想重新部署方式,进一步转化为无机增长,因为在有机增长持续下去,我们不想落入,古老的陷阱,试图尽自己,”Jain说8月份等。Ebitda,即利息、税项、折旧及摊销前利润,是衡量一个公司的整体财务表现。
在早些时候采访等,Jain说,“现在我们的焦点是多样化。我们有一个良好的核心业务市场领导地位的地区。现在,我们想去构建YouTube, Gmail和谷歌地图的运动。我们想要构建一个Alphabet-like实体,而不只是谷歌搜索。“字母公司是谷歌的母公司。
共同创办Jain和Bhavit Sheth 2008年,Dream11超过9卢比的活跃用户玩幻想板球,足球,卡巴迪,曲棍球,根据申请。虽然最高法院说,Dream11幻想体育格式是一个“游戏的技能”今年7月,上周,卡纳塔克邦政府提出了一项法案,该法案将禁止这类游戏作为“在线赌博”的一部分。然而,比尔让彩票和赌赛马例外。
Dream11,即由Sporta技术梦想体育也看到了其收入增长了2.5倍2070。4卢比在FY19 FY20从775.5卢比,根据最新的监管文件来自Tofler商业智能平台。在文件中,它将其收入增长归因于“创新营销策略”和“令人兴奋的新产品”。
Omni-channel美容和个人护理零售Nykaa是唯一的其他主要消费主导型启动了profit-close FY21 62卢比。
今年早些时候,梦想体育关闭二次融资4亿美元圆的,价值在50亿美元左右。另一个次轮正在一个重要估值跳,据业内人士。在第二个事务,现有投资者将股份出售给新的,钱不去公司的金库。
公司的费用相比,FY20增长到1867卢比到934卢比。Dream11花了71%的总expenses-Rs 1328 .02点crore-on广告和促销,相比之前的财政785卢比。其员工福利支出FY20期间增长了133.6%,至153.21卢比。
在一个面试与3月,创始人和首席执行官严厉的耆那教徒的表示,该公司已经盈利,指望着多样化的产品。扩大non-fantasy游戏产品,建立一个企业风险基金8月份回sports-tech创业和成为一个主要的在线体育科技集团。企业风险的手臂有一个2.5亿美元的语料库。从其资产负债表融资整个基金和投资已经超过8。
息税折旧摊销前利润“我们想重新部署方式,进一步转化为无机增长,因为在有机增长持续下去,我们不想落入,古老的陷阱,试图尽自己,”Jain说8月份等。Ebitda,即利息、税项、折旧及摊销前利润,是衡量一个公司的整体财务表现。
在早些时候采访等,Jain说,“现在我们的焦点是多样化。我们有一个良好的核心业务市场领导地位的地区。现在,我们想去构建YouTube, Gmail和谷歌地图的运动。我们想要构建一个Alphabet-like实体,而不只是谷歌搜索。“字母公司是谷歌的母公司。
共同创办Jain和Bhavit Sheth 2008年,Dream11超过9卢比的活跃用户玩幻想板球,足球,卡巴迪,曲棍球,根据申请。虽然最高法院说,Dream11幻想体育格式是一个“游戏的技能”今年7月,上周,卡纳塔克邦政府提出了一项法案,该法案将禁止这类游戏作为“在线赌博”的一部分。然而,比尔让彩票和赌赛马例外。
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