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Dream Sports CEO Harsh Jain said that regulation would have been the right approach to address the issue of societal impact and financial distress linked to RMG apps, as prohibition is likely to increase the prevalence of a black market.
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'We are interested in building with this talent to dig ourselves out of this hole’ said Harsh Jain, the co-founder of the co-founder of Dream Sports, the parent company of embattled fantasy sports major Dream11.
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Dream Sports CEO Harsh Jain described India's gaming law as an unexpected knockout punch but said he remains “a delusional optimist”, revealing a “two-year cash runway” which would help him retain talent.
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Fantasy sports platform Dream11, which stopped paid contests last week, accounts for 95 percent of the revenues of Dream Sports and 100 percent of its profits.
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Dream Sports CEO Harsh Jain stressed the need for billions of dollars in patient capital to pursue the same level of deep tech work that's happening in the United States or China.
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"I'm firmly of the belief that AI will transform jobs and won't replace jobs. We at Jio are already embracing it," he said.
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Harsh Jain also called for collaboration among industry players, saying, "We need to build bridges, not barriers, to unlock the potential of India's gaming sector."
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Startup founders also said that along with growth and innovation, governance plays a key role for the long-term sustenance of any business.
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Navi Mumbai can be to Mumbai what Brooklyn and Queens are for New York, says Dream11 co-founder Harsh Jain
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The panelists in growth vs profit debate recognized the crucial role that growth plays in achieving success, especially in competitive markets.
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Harsh Jain, founder and CEO of fantasy sports app Dream11, has shared his goals for 2023 while revealing how he did on his 2022 resolutions
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The Tech Entrepreneurs Association of Mumbai (TEAM) consists of Mumbai-based startup founders that have come together in a first-of-its-kind initiative to establish brand Mumbai as a startup hub.
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Mumbai currently houses a sixth or about 18 of the country’s 108 unicorns, the third most after Bengaluru and Delhi/NCR (National Capital Region), but has never been recognised as a startup hub, primarily due to high cost of living
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Jain’s comments come at a time when a few startup founders in India and Southeast Asia including founders of some of the region’s largest unicorns, have had skirmishes with their board members, owing to multiple issues right from sexual harassment claims to accounting irregularities.
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Since consumers have a chance to make a team and compete with people, they end up watching matches or parts of matches that they wouldn't otherwise, Jain said.
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The entire sports world is now awakening to the NFT and blockchain opportunity for sports leagues, teams and players to monetize a virtual asset that "they never even knew they own", Jain said.
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Determining whether a company is worth investing in or not requires time. These red flags can help you weed out the underperformers and build a high-quality portfolio.
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Investors had a challenging year with highly volatile stock markets and low interest rates. For investors, the Budget has delivered on several fronts.
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The pandemic induced lockdowns and many organisations in the private sector adopting a work-from-home culture has given users more time to research deeply about investing in stocks and mutual funds.
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Rebalancing portfolios in accordance with your risk- return appetite is a lesson investors must take into account while preparing for Samvat 2077.
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Investors need to understand why the company has launched the public offer and what it intends to do with the raised capital. Usually, a company going public is perceived as a sign of the growth of its business.
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There is a thin line that separates valued investing from bottom fishing during such market crashes. Hence, it is important to ensure that you analyze the fundamentals of the company thoroughly before investing.
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The entertainment industry in India is expected to grow to about USD 20 billion by 2013. So, we decided to put the spotlight on three entrepreneurs who are cashing in on the movie, mobile and online gaming magic. Here’s their story.
