Dream11 Wins IPL 2020 title sponsorship
Many sports fans that are waiting for cricket to return on track that gets affected due to Covid19 are waiting for IPL 2020 to start. For those who want to know IPL 2020 title sponsorship details for them we come up with the news that Dream11 Wins IPL 2020 title sponsorship. Dream11 Wins IPL 2020 Title Sponsorship for Rs 222 Crores.
Dream11 has won the IPL title sponsorship outbidding favourites Tata Sons and education technology platforms — Byju’s and Unacademy.
Dream11 IPL 2020 Title Sponsor
Fantasy cricket platform Dream 11 has bagged the title sponsorship for IPL 2020 with a winning bid of INR 222 crore.Dream 11 beat Unacademy (INR 171 crore) and Byju’s (INR 201 crore) to clinch the deal which will run from August 18 to December 31, 2020.
Is Dream11 a Chinese company?
Dream11 is owned by Harsh Jain, son of Anand Jain, close associate of Ambani. Tencent Holding Ltd is a financial backer of Dream11. Mumbai-based Dream11 Fantasy Pvt. Ltd has raised $100 million (Rs 719 crore) in a round of funding led by Tencent Holdings, China’s. Tencent Holdings have 10 per cent stakes in Dream11.
Dream11 company Details
Dream11 is a fantasy sports platform based in India, It is owned by Harsh Jain it allows users to play fantasy cricket, hockey, football, kabaddi and basketball. In the year April 2019, Dream11 became the first Indian gaming company to enter the ‘Unicorn Club’.
IPL 2020 sponsorship Details
Fantasy gaming platform Dream11 wins IPL title sponsorship rights with a bid of Rs. 222 crore. IPL Chairman Brijesh Patel informs that the deal will be valid for four and a half months, ending December 2020.
Deal worth Rs. 222 Cr will last until this year.
* Then Sponsor Vivo paid BCCI Rs.439 Cr per year, But now Dream11 will play 222Cr Only
*Dream has Chinese link, Tencent Holding Ltd is a financial backer of Dream11.
IPL tournament sponsorship fee from 2008-2020 per year
IPL tournament sponsorship fee from 2008-2020 per year are as follows-
DLF (2008-12) – 40 cr
Pepsi (2013-15) – 79.2 cr
Vivo (2016-17) – ~100 cr
Vivo (2018-19) – 439.8 cr
Dream X1 (2020) – 222 cr