Tag Archives: Dream11

Indian DFS scene faces GST tax conundrum

Indian business news sources have reported that the nation’s tax authorities are revising how to charge a ‘goods and services tax (GST)’ on the burgeoning Indian daily fantasy sports (DFS) industry. State level tax authorities are said to be reviewing whether to charge DFS operators on GST applicable to net commission earned from DFS games and prize pools, or whether …

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Dream11 valued at $1bn after recent Steadview investment

Indian fantasy sports gaming platform Dream11 has become the first gaming company in India to join the exclusive ‘unicorn club’, after Hong Kong-based Steadview Capital bought an undisclosed stake in the startup, valuing the company at over $1bn. Investment from Chinese online gaming giant Tencent, along with others, also resulted in a $100 million funding round which significantly helped the …

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