Harsh Jain—CEO & Co-Founder of Dream 11

Megha Rani Megha Rani
Apr 07, 2021 7 min read
Harsh Jain—CEO & Co-Founder of Dream 11

Harsh Jain is the Chief Executive Officer (CEO) and Co-founder of India's biggest Fantasy Sports platform, Dream 11. Harsh co-founded Dream 11 with Bhavit Sheth in 2008, which has 60 million plus users today. Dream 11 became the first Indian gaming company to enter the Unicorn Club in April 2019. Today, it serves as the title sponsor for the 2020 Indian Premier League. Harsh has participated in a event at 16th NASSCOM Product Conclave 2019 as the Speaker, held in Bangalore, Karnataka, India. He has a net worth of Rs. 4 crore, as of April 2020.

Harsh Jain- Biography

Name Harsh Jain
Born 1986
Birthplace Mumbai, Maharashtra
Age 34 (2020)
Nationality Indian
Education University of Pennsylvania; Columbia Business School
Profession Entrepreneur
Position CEO & Co-founder, Dream 11
Net worth Rs.4 crore (April, 2020)
Marital Status Married
Spouse Sushma

Harsh Jain- Personal Life
Harsh Jain- Education
Harsh Jain- Professional Life
Harsh Jain- Co-founder of Red Digital
Harsh Jain- CEO of Dream 11
Dream 11- Brand Ambassador
Dream 11- Partnerships
Dream 11- Brands & Investments
FAQ's
Conclusion

Harsh Jain- Personal Life

Harsh was born in Mumbai, Maharashtra, India. He has an immense passion for gaming, sports, and technology. He is an ardent Fantasy Cricket and Soccer player. His wife, Sushma is an Artist, whose paintings cordially hang on his office walls.

Harsh Jain- Education

Harsh has completed his primary education from Greenlaws High School. He studied IB from Sevenoaks High School for three years (2001-2003). He went to the University of Pennsylvania for five years (2003-2007) in Philadelphia to study Bachelor of Science in Engineering, Electric Engineering, Mathematics and Economics.

He was a sports freak and took part in the Upenn Cricket Club and Intramural Football (Soccer), while studying at the university. In 2012, he pursued Master of  Business Administration (MBA) from Columbia Business School in New York.

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Harsh Jain- Professional Life

He has worked as a Summer intern for Microsoft. As a part of this role, he worked on the feasibility and commercial benefits for Microsoft to enter the Push-To-Talk (PTT) marketplace. He cordially worked there for three months i.e., from June 2006 to August 2006.

He worked as the Manager of Marketing at Jai Corp Limited for one year i.e., from June 2007 to June 2008. He was employed at the Navi Mumbai Special Economic Zone division as a liaison for investors.

He co-founded a Social Media agency focusing on building strategy for digital marketing, Red Digital in 2010. However, the company was acquired in 2013.

He then served as the President at the Federation of Indian Fantasy Sports since 2017. He is currently positioned as the CEO and Co-founder at Dream 11, which was founded in June 2008.


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Harsh Jain- Co-founder of Red Digital

Harsh was the C0-founder of Red Digital, which was acquired within three years of the company's establishment. Red Digital is a specialized Social Media firm which focuses on social media management, digital marketing, app development and online reputation management.

Red Digital was launched in July, 2010. Within two years, the company signed up marquee brands in India and Internationally, such as Dell, PepsiCo, Mumbai Indians, BMW, Parker Pens, Adidas, PVR, Godrej, Berger Paints, Reliance Foundation, Educomp, Citibank, ICC and the Discovery Channel.

The company thus expanded nationally with offices in Mumbai, Delhi, Bangalore, Chennai and Kolkata. Red Digital was later acquired by Gozoop in 2013.

Harsh Jain- CEO of Dream 11

Dream 11 Logo

Dream 11 is India's biggest Fantasy Sports platform with 8 crore+ users playing Fantasy Cricket, Football, Kabaddi, Hockey, Basketball, Volleyball, Handball & Baseball. The company has cordially partnered with national and international sports leagues & bodies with reputed Indian and International cricketers as well.

The convenient mobile app of Dream 11 allow its users to virtually make their own team of real-life players from the forthcoming matches, score points based on their on-field live performance and compete with other virtual players. Thus, sports enthusiasts and fans actively engage and display their knowledge of sports.

Harsh, with his friend Bhavit Sheth and Varun Dagen, launched the freemium Fantasy game in India for cricket fans. Dream 11 ranked 9th in India's Great Mid-Size Workplace-2018. It has been also declared as one of the top 10 startup innovative companies in India by Fast Company in 2019.


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Dream 11- Brand Ambassador

Indian Cricketer, Mahendra Singh Dhoni is the brand ambassador of Dream 11 and launched the "Dimag Se Dhoni" media campaign during the 2018 Indian Premier League.

The company at first decided and signed commentator Harsha Bhogle in 2017 as its brand ambassador. In the 2019 IPL, the company signed seven cricketers and partnered with the IPL franchise as part of its marketing.

Dream 11- Partnerships

Dream 11 won the sponsorship of the 2020 IPL for Rs.2.22 billion after which Vivo withdrew in the year 2020. The BCCI officially declared Dream 11 as the official partner of the IPL in March 2019. Along with that, Dream 11 will also conduct the Official Fantasy Game of the IPL.

In 2018, Dream 11 declared its partnership with the ICC, Pro Kabaddi league, International Hockey Federation, WBBL and BBL. In 2017, it has also partnered with three leagues namely, Hero Caribbean Premier League, the Hero Indian Super League and the National Basketball Association (NBA).


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Dream 11- Brands & Investments

Dream 11 is the flagship brand of Dream Sports, which also has brands like FanCode, a multi-sport aggregator platform, Dream X, a sports accelerator, and DreamSetGo, a sports experiences platform. These brands were founded in 2008 by Harsh Jain and Bhavit Sheth.

Dream Sports Marquee Investors
1. Kalaari Capityal
2. Think Investments
3. Multiples Equity
4. Tencent
5. Steadview Capital

FAQ's

Who is the owner of Dream 11?

Harsh Jain and Bhavit Sheth are the co-founders, and CEO & COO respectively of Dream11 parent Dream Sports.

What is the income of Dream11?

Mumbai-based Dream11 is the market leader when it comes to revenue from fantasy sports games. It reported a total income of INR 801.7 Cr ($112.4 Mn) in FY19, which is 251.9% higher than the INR 227.8 Cr ($33.3 Mn) revenue it earned in FY18.

Who are the brand ambassador of Dream11?

MS Dhoni, Saurav Ganguly, and Rohit Sharma are the brand ambassador of Dream11.

Does Dream11 give real money?

Dream11 gives you real money by playing fantasy games online. The site offers free and paid contests. You need to pay a certain fee to join a contest that lets you win real cash.

What is the minimum amount to withdraw from Dream11?

You can withdraw a minimum of INR 100 and a maximum of INR 2,00,000 in one go. IMPS withdrawals can take up to 3 workings days to get credited.

Conclusion

Harsh Jain, a fan of Manchester United Football Club, Mumbai Indians, and the Indian Cricket Team brought together his love for sports, gaming, and technology. Harsh founded online fantasy sports in India, Dream11, and is completely focused on making sports better for sports fans all over the world. He is planning to make Dream 11 go public in near future after building a large user base for the sports technology company.

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