Dream Sports Shifts to Sports Entertainment After Real-Money Gaming Ban in India
Additional units include the fintech offering Dream Money, the open-source initiative Dream Horizon, and the philanthropic Dream Sports Foundation. The company stated employees were placed in ventures based on experience and interest areas.
A company spokesperson said some employees preferred roles at established companies rather than in early-stage operations. Around 15% chose to leave to join larger firms or start their own ventures.
Dream Sports reported that its attrition rate is now only slightly above the roughly 10% level seen before the ban. The company currently employs around 950 people and is not hiring new staff, focusing instead on retaining its workforce.
Meanwhile, as part of cost-saving efforts, Dream Sports also relocated its headquarters from Bandra Kurla Complex to Worli earlier this year. The new Dream Sports Stadium office brings teams together to improve collaboration and efficiency.
Dream Sports, founded in 2008 by Harsh Jain and Bhavit Sheth, reached an $8 billion USD valuation. This followed an $840 million funding round in 2021 backed by investors including DST Global, Redbird Capital, Falcon Edge, TPG, D1 Capital, Tiger Global, and Footpath Ventures.
The shift reflects wider disruption across India’s real-money gaming sector. Companies, including , MPL, and Games24x7, have also restructured or pivoted after the 2025 law banned cash-based online gameplay. Several platforms are now exploring free-to-play models and other services.
