Dream11 Bags Another Fantasy Sports Startup

Dream11 has recently acquired an AI-driven fantasy sports startup, Fanduniya. Founded in 2018, it offers users the most comprehensive news coverage, statistical tools, and AI-based models to make informed decisions in a fantasy cricket match.

Dream Sports, the parent entity of fantasy sports platform and the title sponsor of IPL 2020, Dream11 (1) has acquired AI-based fantasy sports startup FanDuniya. 

After the completion of the acquisition this month, the co-founders of FanDuniya, Ramkumar Venkatasubramanian and Viswanath Kommalapati have both joined FanCode, a multi-sport aggregator platform owned by Dream11.

Notably, Dream11 had launched FanCode in March 2019 as a personalized a-free multi-sport aggregator offering news and live match scores. It also provides research-based insights, fantasy sports statistics, game analysis, expert fantasy tips, and access to engage with other sports fans. 

The website of FunDuniya is currently inaccessible, which suggests that they are maybe merging it with FanCode’s platform. The mobile app of Fan Duniya is also down from Google Play Store and iOS App Store. However, there are no reports of the acquisition amount. 


Dream11, the Only Indian Gaming Startup to Gain Unicorn Status

It is worth noting that both firms are merging this year while the Indian Premier League, IPL 2020 season is ongoing. 

Ramkumar Venkatasubramanian founded FunDuniya in 2018 for users who are into fantasy cricket players. It offers the most comprehensive news coverage, statistical tools, and AI-driven models so they can make informed decisions for a fantasy cricket match. 

Harsh Jain and Bhavit Seth founded Dream11 in 2008, and in 2020, it became the title sponsor for the Indian Premier League. It is the most prominent startup in the fantasy sports ecosystem in India. The current valuation of over 1 billion USD is the only Indian gaming startup to get unicorn status. 

Furthermore, the company claims that it has over nine crore users on the platform. They can play fantasy cricket, football, kabaddi, hockey, basketball, volleyball, American football, handball, and baseball. At present, the company is looking to enhance its offerings via a slew of takeovers. 

Online fantasy sports are observing a surge in users in the past three to four years in India. They are held as skilled-based digital entertainment platforms where sports fans can create their own fantasy sports team of real-life players for upcoming matches. If the player picked by the user in his squad performs well in the real game, the user can earn cash prizes and other rewards. 

+ posts

Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Rucha Joshi
Rucha Joshi
Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Ola Electric announced the acquisition of Etergo BV. Ola Electric has also announced its entrance into the premium electric two-wheeler market

Is Etergo’s acquisition brewing trouble for Investors?

Ola Electric Mobility Pvt Ltd had announced (1) the acquisition of Etergo, the Amsterdam-based electric scooters company. Ola Electric aims to leverage the design and...
From a website that only offered menu details to a full-fledged food ordering app, Zomato's rise has been rocking the birth of a new industry.

Zomato Revolutionizing the Food Industry

Beginning something like Zomato was out of an experience. One fine morning, Pankaj Chaddah and Deepindar Goyal were in Delhi's office when they saw...
The Indin government had warned Amazon and Flipkart to comply with the new rules and specify the product's country of origin, Amazon was also penalized.

The ‘Country of Origin Rule’ and Why it Matters to India?

India's government has fined ecommerce giant Amazon 25,000 INR for not displaying mandatory information, including the country of origin for its products (1). Last...
Stripe, one of the world's leading digital payment players, will soon penetrate Southeast Asia and India to expand its overseas activities.

Is Stripe’s entry to e-commerce Asia a bet on risk or return?

The entry of global players such as PayPal, Payoneer, and now Stripe in the Asia Pacific region validates the increasing market opportunity and evolving...
Paytm is also on its path to become a super app and give its users an all-in-one experience by offering a bundle of services.

Paytm Paving into a Super App, Expand its Service Offering

Paytm has pulled another conquest when the marketing reckon that it would take a kickback. Earlier, when there was buzz that Paytm is venturing...
The recent discussion now involves a massive data leak that put the information of students, teachers, and much more in crisis for WhiteHatJr.

WhiteHatJr Data Leak Controversy: Unfolded

Not too long ago, a live online coding platform for children, White Hat Jr., scripted a dream escape for itself. Byju's, the poster boy...
The story of Ashok Varma could be deemed as the most praiseworthy and controversial story of an ideal mind whose focus was to shift the market.

Meticulous and determined till the end: the story of Ashok Varma

Our world has been most captivated by the ideas of extreme players who took the world by storm, some who pulled the stock market...
It has been understood that Google, has been in talks or is in a state of mind to acquire Sharechat, the Indian social media platform.

Is Google taking the right measures to acquire Sharechat?

Sharechat has been India's go-to to engage in a short video and take a peek or have fun after the ban of the international...