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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fantasy sports platform is planning to exit its Rs 358-crore BCCI sponsorship following the new online gaming legislation, and could become the latest in a series of high-profile Team India sponsor exits.
Fantasy sports platform Dream11 is reportedly looking to step back from its role as the Indian cricket team's primary jersey sponsor, following the country’s new online gaming law that bans real-money gaming platforms.
The company, which had signed a three-year agreement worth Rs 358 crore (about $41 million) with the Board of Control for Cricket in India in 2023, has informed the BCCI about its decision to exit the deal. This comes just ahead of the Asia Cup, which begins on 9 September. Neither Dream11 nor the BCCI has made any official statements.
The withdrawal comes after the Promotion and …
The AI startup’s $100 million ARR claim does not quite add up even as Dream11—forced out of real-money gaming—prepares to take its massive user base into stockbroking.
The tyre maker is betting big on visibility and fan sentiment, but whether the payoff matches the price remains to be seen.
The loss of business could dent volumes, but should have next to no effect on the bottom line of payment companies
