Fantasy sports platform Dream11 posts Rs 181 crore profit in FY20

Dream11, an online fantasy sports gaming firm, reported a profit of Rs 181 crore in FY2020. This makes it one of the few Indian consumer-tech unicorns to have turned profitable. It had recorded a loss of Rs 87.8 crore in FY2019.

Mumbai-based Dream11, which is run by Sporta Technologies Private Limited, reported its revenues for the financial year 2019-20 as Rs 2,130 crore, a 166 per cent jump since the last financial year, show regulatory documents sourced from business intelligence platform Tofler. There was a 236 per cent increase in the company’s net profit from the last financial year. The company’s total expenses for the fiscal were reported as Rs 1,868 crore compared to Rs 934 crore the previous year.