Sporta Technologies Private Limited (Dream11 / Dream Sports)
Technology · Online Gaming / Fantasy Sports
Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.
Indicative private-market reference — not an exchange quote. Not investment advice.
- Implied valuation
- Not available
- Revenue growth
- Not disclosed
- EBITDA margin
- Not disclosed
- Prospera Score
- Not yet scored
What the market says, and what we know.
Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.
No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.
- Research Universe — availableCatalogued as a strategically relevant private-market company.
- Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
- Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
- Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Indicative Private-Market Price History
Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.
Price history not available. No dated third-party quotes have been sourced for this company yet.
The business, in plain English.
Assembled only from records that exist for this company. Anything not disclosed says so.
- Founded
- 2008
- Headquarters
- Mumbai, Maharashtra
- Sector
- Technology · Online Gaming / Fantasy Sports
- Promoters
- Harsh Jain, Bhavit Sheth
What it does
Dream11 operated India's largest paid fantasy-sports platform until the Promotion and Regulation of Online Gaming Act, 2025 banned all real-money online gaming in August 2025, wiping out an estimated 95% of parent Dream Sports' revenue. The company has since switched Dream11 to a free-to-play, ad- and sponsorship-funded model and split Dream Sports into eight independent units, including FanCode, DreamSetGo and an AI unit, Dream Sports AI.
Source: The Tech Portal, Dream Sports restructuring coverageWhy it matters
Formerly competed with My11Circle (Games24x7) and Mobile Premier League in paid fantasy sports; all three have now been forced into free-to-play pivots by the same 2025 law, resetting the competitive landscape entirely.
Source: Not attributedOwnership structure
Backed by minority investors including Tencent, Steadview Capital, TPG and ChrysCapital from rounds through 2021; founders Harsh Jain and Bhavit Sheth retain significant operating and equity control through parent Dream Sports
Promoters & principal holders: Harsh Jain, Bhavit Sheth
Private-market context
Unlisted; described by the company as 'IPO-ready' but with no confirmed DRHP filing; a potential 2027 IPO has been mentioned, though the business has been fundamentally reshaped by 2025-26 regulatory changes
What to understand before investing
- Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
- Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
- An expected IPO may be delayed, repriced or never happen at all.
- A good company can still be a poor investment at the wrong valuation.
Research is not yet complete for this company.
We would rather say that plainly than publish a page that looks finished.
No financials, no implied valuation and no peer comparison have been researched for this company yet.
No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.
What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.
What could go wrong.
Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.
Regulatory
2 recorded risksThe Promotion and Regulation of Online Gaming Act, 2025 banned real-money gaming outright, eliminating the paid-contest model that generated the vast majority of Dream11's historical revenue.
Source: Business Today / LexologyThe Supreme Court upheld retrospective 28% GST on the full value staked (not just platform fees) on 27 May 2026, exposing Dream11 to a reported Rs 40,000 crore show-cause tax demand.
Source: Business Today / Outlook RespawnWhat's happened, and why it matters.
Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.
- Other13 Dec 2025
Dream Sports splits into eight independent business units
Marks a fundamental restructuring into 'startup mode' after the real-money gaming ban erased the vast majority of group revenue, with more than 100 employee exits during the transition
Source: The Tech Portal / Outlook Business
Everything traceable.
Every figure on this page comes from one of the records below. Where a source published a link, it is here.
| Field | Source | As of |
|---|---|---|
| Business Description | The Tech Portal, Dream Sports restructuring coverage | Not disclosed |
| Competitive Position | Not attributed | Not disclosed |
Interested in Sporta Technologies Private Limited (Dream11 / Dream Sports)?
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We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.