“我们希望以一家体育科技公司的身份上市，”梦想体育首席执行官哈什·贾恩在谈到Dream11的IPO计划时表示，尽管DreamSetGo和DreamX的多元化计划正在进行中。
“我们没有IPO的计划……我们希望以一家体育科技公司的身份上市。为此，我们需要有相当一部分业务来自非梦幻体育项目。”哈什·贾恩，梦想体育创始人首席执行官
现在，我们想要建立YouTube Gmail和谷歌体育地图。想要建立一个类似alphabet的实体，而不仅仅是谷歌搜索。哈什·贾恩，梦想体育创始人首席执行官
“如果他们(BCCI)决定停止这笔(Vivo-IPL)交易，他们将招标，我们将很乐意参与。”哈什·贾恩，梦想体育创始人首席执行官
\u201cWe have no plans to IPO\u2026we want to go public as a sports tech company. For that we need to have a substantial portion of our business coming from non-fantasy sports.\u201dHarsh Jain, Founder CEO, Dream Sports<\/cite><\/div><\/blockquote>
As for the company's financing round, ET reported on Feb 22 that Dream Sports, which owns Dream 11, is closing a $300 million secondary sale of shares<\/a> by existing investors, which would almost double the company's valuation to $4 billion in six months. Abu Dhabi\u2019s Alpha Wave Incubation, managed by Falcon Edge, and a few more investors will enter the company\u2019s cap table and provide an exit to early backers, we reported.
\u201cIt is our responsibility to give all early investors like Kalaari Capital, Multiples Alternate Asset Management and Think Investments enormous exits, which pay back their funds and which shows that venture capital firms can do well in India and provide real returns,\u201d he said. \u201cThis allows them to invest in the next generation of entrepreneurs and keep the ecosystem going. So it's much more important to provide secondary fundraise than primary fundraise today. And this will keep happening regularly.\u201d<\/div><\/div>Turned profitable, but no IPO for now<\/strong>
Jain said Dream11<\/a>, unlike a crush of new-age tech startups, won't be tapping the public markets yet. \u201cWe have no plans to IPO\u2026we want to go public as a sports tech company. For that we need to have a substantial portion of our business coming from non-fantasy sports.\u201d Instead, he said, the company will look to diversify its offerings even as it has turned profitable. Jain, however, did not offer details of the company\u2019s financials.
\u201cOur 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. Want to build an Alphabet-like entity, not just Google Search.\u201d Alphabet Inc. is Google\u2019s parent company.Now, we want to go and build the YouTube, Gmail and Google Maps of sports. Want to build an Alphabet-like entity, not just Google Search.Harsh Jain, Founder CEO, Dream Sports<\/cite><\/div><\/blockquote>
To support its product diversification strategy, Dream Sports wants to cover the ambit of sports technology products and services in India. It entered experiential sports travel with DreamSetGo and is also backing early- and late-stage sports startups with its DreamX and Dream Sports funds.
Jain said they are in the process of closing an investment in an esports startup. Besides that, they have invested in a sports aggregator platform and are looking to make investments in the Internet of Things, and virtual and augmented reality.
Covid slump and IPL bump<\/strong>
During the three months following the lockdown in 2020, when sporting events were suspended, fantasy sports companies saw their businesses come to a standstill. \u201cWhen all other gaming was booming, fantasy sports was dead. So we experimented and started covering tier-three and tier-four matches worldwide,\u201d he said. To survive, the firm covered football leagues in Nicaragua and Belarus, basketball in Kazakhstan, and baseball in Taiwan.
Things changed during the Indian Premier League (IPL) season, especially as the company bought the rights<\/a> to sponsor the truncated tournament for a steep Rs 222 crore. The Indian cricket board brought in Dream11 for a year after Chinese smartphone maker Vivo had to drop out due to the anti-China wave. Seeing the bump up IPL gave the platform, Jain said they will consider bidding for the title sponsorship again.\"If and when they (BCCI) decide to discontinue this (Vivo-IPL) deal, they will call for bids and we will be happy to participate.\"Harsh Jain, Founder CEO, Dream Sports<\/cite><\/div><\/blockquote>
\"It was amazing for us to be in a place where an Indian sports company could sponsor the IPL for the first time,\" he said, adding, \u201cWe would absolutely consider doing this sponsorship again, if the numbers make sense.\u201d Currently, Vivo has a contractual right with BCCI for the next three years. \"If and when they decide to discontinue this deal, they will call for bids and we will be happy to participate.\"
Dream11 added 25 million registered users and reached the 100 million mark thanks to the IPL. During the tournament its active monthly users jumped to around 20 million.
\u201cOur engagement numbers are back to around 80-90% of what they were pre-covid. We have not fully regained our old numbers because even today some matches get postponed because of covid.\u201d
Regulatory hurdles and next steps<\/strong>
The broader fantasy sports industry would benefit from a clear regulatory framework, Jain said, as it grapples with growing uncertainty. The number of players in the space has grown 20-fold since 2016 to 200 companies, he added. The company had set up a self-regulatory organisation, the Federation of Indian Fantasy Sports, in 2017 with 34 Indian fantasy league operators. It is led by former chief information commissioner of India Bimal Jhulka. \u201cThis has been very important because we've set out a regulatory charter which everyone should follow,\u201d Jain said.
In January, Niti Aayog, the government\u2019s think tank, proposed uniform guidelines for the industry. Jain said this idea received \u201coverwhelmingly positive feedback\u201d.
\u201cWe would welcome regulations to help to stabilise the industry and to take it forward to its next phase of growth,\u201d he said. \u201cHopefully they can get over the line and publish those self-regulatory guidelines, which have been in draft form until now.\u201d
<\/div><\/div>Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"51.0","minfoseo":"51-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1614913662242","minfoseo":"1614913662242"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-1358241981","minfoseo":"-1358241981"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"canonicalURL":{"minfo":"https:\/\/economictimes.indiatimes.com\/tech\/startups\/ettech-interview-dream11-wont-raise-funds-from-chinese-investors-ever-again-ceo-harsh-jain\/articleshow\/81340064.cms","minfoseo":"https\/economictimes-indiatimes-com\/tech\/startups\/ettech-interview-dream11-wont-raise-funds-from-chinese-investors-ever-again-ceo-harsh-jain\/articleshow\/81340064-cms"},"OriginalImageHeightPx":{"minfo":"900.0","minfoseo":"900-0"},"OriginalImageWidthPx":{"minfo":"1200.0","minfoseo":"1200-0"},"NumberOfCharacters":{"minfo":"6169.0","minfoseo":"6169-0"},"NumberOfWords":{"minfo":"997.0","minfoseo":"997-0"},"key":{"0":{"keyid":"6214644","value":"Dream11","smid":"0","keynameseo":"Dream11","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"50297","value":"Interviews","smid":"0","keynameseo":"Interviews","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"2598207","value":"Harsh Jain","smid":"0","keynameseo":"Harsh-Jain","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"10803701","value":"dream11 investors","smid":"0","keynameseo":"dream11-investors","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"10871065","value":"dream11 founder","smid":"0","keynameseo":"dream11-founder","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"10871068","value":"dream11 diversification plans","smid":"0","keynameseo":"dream11-diversification-plans","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"10871067","value":"dream11 chinese investors","smid":"0","keynameseo":"dream11-chinese-investors","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"10871066","value":"dream11 ceo","smid":"0","keynameseo":"dream11-ceo","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"3189938","value":"Dream Sports","smid":"0","keynameseo":"Dream-Sports","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":[{"artau":"Apoorva Mittal","aunameseo":"apoorva-mittal","artauid":"479254169","artauemail":"apoorva.mittal@timesinternet.in","auFullName":"Apoorva Mittal","pubname":"ET","designame":"Senior Digital Content Creator","audetailsxml":{"authordetails":[],"details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675630","auagencyname":"ETtech","autype":"GENERAL"},{"artau":"Samidha Sharma","aunameseo":"samidha-sharma","artauid":"20400","artauemail":"samidha.sharma@timesgroup.com","auselfimageid":"20400","auimageid":"0020400","auimagelen":"6975","auFullName":"Samidha Sharma","pubname":"The Economic Times","designame":"Editor- Emerging Business","audetailsxml":{"authordetails":"I am presently building ETTech at The Economic Times and integrating our print and digital capabilities to make our coverage the most definitive and cross-media in the technology and startup space. In my earlier role as Editor- Emerging Business, I lead the coverage of India's burgeoning entrepreneurship ecosystem and new economy for The Times of India.","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":"https:\/\/twitter.com\/samidhas","facebook":"http:\/\/www.facebook.com\/toi.SamidhaS","googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675630","auagencyname":"ETtech","autype":"GENERAL"}]},"similarlytagged":[{"msid":"95980750","stname":"India plans federal oversight of all real-money online games","artsyn":"The much-awaited regulations are seen shaping the future of India's gaming sector that research firm Redseeer estimates will be worth $7 billion by 2026, dominated by real-money games.","seolocation":"telecomnews\/india-plans-federal-oversight-of-all-real-money-online-games","seolocationalt":"India plans federal oversight of all real-money online games","url_seo":"india-plans-federal-oversight-of-all-real-money-online-games"},{"msid":"87901062","stname":"Indian fantasy gaming group Dream Sports raises $840 million","artsyn":"Founded in 2008, Dream Sports, has 140 million users and runs companies such as sport content platform FanCode and DreamSetGo, which offers everything from game tickets and hospitality to stadium tours and celebrity events.","seolocation":"telecomnews\/indian-fantasy-gaming-group-dream-sports-raises-840-million","seolocationalt":"Indian fantasy gaming group Dream Sports raises $840 million","url_seo":"indian-fantasy-gaming-group-dream-sports-raises-840-million"},{"msid":"87257353","stname":"Dream11 founders move Karnataka high court to quash gaming ban FIR","artsyn":"This comes two weeks after Dream11 had to suspend operations in Karnataka over allegations that it was in violation of Karnataka\u2019s new gaming ban.","seolocation":"telecomnews\/dream11-founders-move-karnataka-high-court-to-quash-gaming-ban-fir","seolocationalt":"Dream11 founders move Karnataka high court to quash gaming ban FIR","url_seo":"dream11-founders-move-karnataka-high-court-to-quash-gaming-ban-fir"},{"msid":"86927036","stname":"Dream11 suspends operations in Karnataka after FIR against founders","artsyn":"With IPL 2021 underway and T20 World Cup around the corner, the Karnataka gaming ban is a setback for gaming apps like Dream11, Mobile Premier League (MPL) and Paytm First Games.","seolocation":"telecomnews\/dream11-suspends-operations-in-karnataka-after-fir-against-founders","seolocationalt":"Dream11 suspends operations in Karnataka after FIR against founders","url_seo":"dream11-suspends-operations-in-karnataka-after-fir-against-founders"},{"msid":"86907911","stname":"Karnataka gaming ban: FIR against Dream11 founders, firm says compliant with laws","artsyn":"The Bengaluru City Police is preparing to summon Dream11 founders Harsh Jain and Bhavit Sheth in connection with an FIR, which claims that the fantasy sports platform has flouted the recently implemented Karnataka gaming ban.","seolocation":"telecomnews\/karnataka-gaming-ban-fir-against-dream11-founders-firm-says-compliant-with-laws","seolocationalt":"Karnataka gaming ban: FIR against Dream11 founders, firm says compliant with laws","url_seo":"karnataka-gaming-ban-fir-against-dream11-founders-firm-says-compliant-with-laws"},{"msid":"86810143","stname":"Karnataka gaming ban: MPL, Paytm First Games block access, Dream11 still operational","artsyn":"Mobile Premier League (MPL) was among the first few gaming startups that began blocking access to users in Karnataka following the online gaming ban. 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印度国家电信公司将为5G部署分配6200亿卢比的频谱
官员们表示，交通部的一个委员会批准了一项提案，向BSNL提供价值约2200亿卢比的700 MHz频段的10 MHz区块，以及中频段(3600 MHz至3670 MHz)的70 MHz区块，用于5G。
