New Delhi, Aug 19: The IPL Governing Council has on Tuesday (August 19) announced Dream11 as the new Title Sponsor of the Indian Premier League 2020.
The BCCI in its official release also mentioned that Dream11 (Sporta Technologies Pvt. Ltd) is an Indian company based in Mumbai, Maharashtra. As there were reports the Dream11 is also a Chinese-owned company. It was founded by Harsh Jain and Bhavit Seth in 2012 and they are the pioneer in the field of fantasy sports in India. Although, it has investments from several other companies, and a Chinese firm is one of them.
Mr Harsh Jain, CEO & Co-Founder, Dream Sports (Dream11) said: "The launch of IPL in 2008 gave birth to the idea of Dream11. As avid sports fans, we wanted to offer fantasy cricket to IPL fans to help them further engage with the sport they love and showcase their sports knowledge & skill. Being a proud homegrown Indian brand that is made in India, by Indians and exclusively for Indian sports fans, we would like to thank the BCCI for giving us an opportunity to become the Title Sponsor of IPL, which in our opinion is the world's greatest sports property. We believe that 'Dream11 IPL' also perfectly defines what IPL is all about: every team fielding its Dream11 team culminating in the IPL finals determining The Dream11. We are happy to continue building our partnership with BCCI & IPL to further promote sports fan engagement in India, and look forward to 10 Crore+ Indians making their Dream11 for every Dream11 IPL match."