Gaming unicorn Dream11 onboarded 55 million users in 2023 amid tax battle

At a time when India’s real-money gaming companies are reeling from regulatory challenges and a new tax regime, fantasy gaming platform Dream11 said it onboarded 55 million new users on its platform in 2023.

The company now boasts a total user base of 21 crore gamers, after breaching the 20 crore threshold in October last year.

A majority of users on the platform are between the age of 25-60 years and hail from smaller towns. Just 28 per cent of them belong to the country’s tier 1 and tier 2 cities. Notably, the company saw a substantial 79 per cent increase in female users on its platform in 2023, Harsh Jain, co-founder and CEO of Dream11, said in a post on X.