Gaming
Dream Sports valuation to plummet; has cash runway of few years: CEO Harsh Jain on real-money gaming ban
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The valuation of Dream Sports – India’s largest real-money gaming platform – will plummet in the aftermath of the government’s move to ban such operations, the company’s cofounder and CEO, Harsh Jain, told ETtech in an interview.
Dream Sports, the parent of popular fantasy sports app Dream11, was last valued at $8 billion during its 2021 funding round, when it raised $840 million from the likes of Tiger Global, Alpha Wave Global, DST Global, and TPG.
However, with 95% of its revenues and 100% of its profits getting wiped out as a result of…
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