Restructuring · Consumer Internet & Media

Dream Sports restructures after gaming ban, 100+ leave

By Startup Enthusiast · 12 March 2026

What they do

Dream Sports runs fantasy sports platform Dream11 and seven other startups

Over 100 employees left after restructuring following India's real-money gaming ban in August 2025

The ban wiped out 95% of revenue and all profits, forcing the company to split into eight startups

Over 100 employees left Dream Sports after a restructuring triggered by India's August 2025 real-money gaming ban.
The government's online gaming law wiped out 95% of Dream Sports' revenue and all profits.
Dream Sports split into eight startups, each with its own leaders, reported in December.
CEO Harsh Jain said a major chunk of Dream11's then 1,000-person workforce was redistributed across the startups.
Around 700 employees were placed into startups based on experience and affinity.
About 15% of placed employees chose to leave for other companies or start ventures.
Dream Sports still has close to 950 people and is not hiring, focused on retaining talent.
The company shifted its headquarters from Bandra Kurla Complex to Worli in January as a cost-saving effort.

India's online gaming law prohibits online money games where user deposits with expectation of winnings.
The law triggered the collapse of India's $3.5 billion real-money gaming industry.
Around 3,000 employees were laid off across the industry as revenues dried up.
Workforce reductions were also announced by competitors like Gameskraft, Zupee, Mobile Premier League, and others.

Dream Sports operates Dream11, India's biggest fantasy sports platform where users play for free and win big.
The company split into eight startups: Dream11, FanCode, DreamSetGo, Dream Cricket, Dream Sports AI (Dream Play, RushLine), Dream Money, Dream Horizon, and Dream Sports Foundation.
Dream11 now needs less than 200 people in its new avatar as a sports entertainment platform.
The corporate entity is Sporta Technologies Private Limited, based in Worli, Mumbai.
FY25 revenue from operations was Rs 6,759 crore, a 15% decline from Rs 7,934 crore in FY24.
FY25 net loss was Rs 479 crore due to a one-time tax cost of Rs 575 crore from the domicile shift.