Dream11 started in 2008 as a fantasy sports platform - letting users create their own team of real-life players, score points, and compete with others. Its user base has been growing at a CAGR of around 230 percent over the period of three years, and it has 50 million registered users today. And now, Dream11 becomes the first Indian gaming startup into the coveted ‘unicorn’ club. The Mumbai-based gaming startup confirmed the news on Tuesday, following the completion of a secondary investment by Steadview Capital.
A look at the gaming strategy of PhonePe and Paytm
In January 2018, Paytm took the market by surprise by foraying into gaming. More than a year later, PhonePe is doing the same by partnering with Mobile Premier League (MPL). This leads to one question: why are two of the biggest digital payment companies in the country adding online gaming to their strategy? And how exactly are they going about it?
German-born Jacqueline Kapur is building a fashion brand for Indian women
Jacqueline Kapur is many things - entrepreneur, designer, equestrian sportsperson, restaurateur, and mother. She is also the founder of Ayesha Accessories. Born and brought up in Germany, Jacqueline moved to Puducherry in 1989. In 1999, Jacqueline opened Casablanca, followed by ‘Titanic’ in 2000. Now, the self-proclaimed ‘Tamil ponnu' has her own brand - Ayesha - built with her savings and a small team of women.
Why did Shark Tank's Kevin Harrington invest in a Delhi-based startup
From American reality TV show Shark Tank to Indian startup, Kevin Harrington and his group of investors have travelled a long way - literally - to invest in Delhi-based ProductX Ventures. But, surprisingly, ProductX Ventures caught Kevin's eye, not from an appearance on the show, and the pre-Series A round was his personal investment - and his first in India. The secret? A journey from online to offline.
Blockchain is about bringing power back to the people
Blockchain is revolutionising the way we look at transparency and security. And with the WEF predicting that 10 percent of the global GDP will be stored on Blockchain by 2027, India is focusing on this technology like never before. In a conversation with the founding members of Blockchainedindia.com, we explore their blockchain journey, distributed ledger technology, and more.
[Funding alert] Klook raises $225M led by SoftBank Vision Fund
Travel activities and services booking platform Klook confirmed on Tuesday that it has raised $225 million in a 'Series D Plus' round led by SoftBank’s Vision Fund. The latest fund-raise takes the company’s total Series D funding to $425 million. The Hong Kong-based company had raised $200 million in Series D led by Sequoia China and Boyu Capital.
[Funding alert] SigTuple raises $16M; Binny Bansal joins board
Bengaluru-based AI healthcare startup SigTuple has raised Series C funding of $16 million led by Trusted Insights, existing investors Accel Partners, Chiratae Ventures, Pi Ventures. Flipkart Co-founder Binny Bansal and Trifecta Capital also participated in this round. Binny Bansal also joins the company's board.