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Fantasy sports platform Dream11 posts Rs 181 crore profit in FY20

Fantasy Sports platform Dream11 claims to have over 9 crore users playing Fantasy Cricket, Football, Kabaddi, Hockey, and NBA

September 21, 2021 / 19:06 IST
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Besides Khelomore, Dream Sports has made eight investments so far,
Besides Khelomore, Dream Sports has made eight investments so far,

Sporta Technologies, which operates the fantasy sports platform Dream11, has posted a net profit of Rs 180.77 crore for the financial year ended March 31, 2020, as compared to a net loss of Rs 87.8 crore in the year-ago period, according to a Registrar of Companies filing shared by business intelligence firm Tofler.

This makes the Mumbai-based firm one of the rare consumer-focused startup unicorns in India that have recorded a profit.

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As per the filing, the company's operational revenue jumped to Rs 2,070.4 crore in FY20, from Rs 775.5 crore in FY19. It attributed the revenue growth to new products and "innovative marketing strategies".

Dream11 spent heavily on advertising and promotions during the fiscal, in a bid to capitalise on the surge in mobile gaming in the country amid the pandemic-induced lockdown and also drive app installs since it is not available on Google's Play Store.