What Dream11 can teach entrepreneurs? - The story of an overnight success

A new business is always found with an uncertainty of  being accepted by the target people. There would be many glitches the company would come across legally and from its competitors. But the entrepreneurs should hold the business idea with a firm grip without letting it down. India’s leading fantasy sports gaming app Dream11 also faced many challenges initially as a legal dispute. Harsh Jain and Bhavit Sheth are the co-founders of Dream11 and started the betting website during the eve IPL launch in 2008. An idea struck them when they realized a nation like India where the cricket is worshipped as a religion does not have a fantasy sports game.


Dream11 on its way down when raised as a legal dispute
After the launch, the company had to face a petition faced by a player, who also is an advocate. The petition was filed that mentioned the Dream11 took his betting money 50, 000 rupees and considered it as sports betting app. But, the company stood still after Dream11 was declared as a game of skill and the company pays the service tax and income tax as it is registered as an incorporated company. It also had an outstanding business model that is required to run a business. In 2017, Indian Federation of Sports and Gaming (IFSG) showed an uncertainty over the Dream11 but there was no amiss found.

Necessary elements for a company to stand tall
Since the Dream11 is an alien product, it requires a big promotion in the Indian market during its launch. Being patient along with a prompt business model is required for any entrepreneur to launch a business successfully. A company has to comply with all the regulations in the country required to cherish in the business.

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