Dream Sports activities, the dad or mum firm of fantasy sports activities platform Dream11, is making ready to enter India’s aggressive stockbroking sector with a brand new platform, Dream Road, because it seeks to diversify its enterprise and faucet into the nation’s rising base of retail traders.
The corporate has secured the mandatory regulatory approvals and is at the moment testing the product internally, with a public launch anticipated within the close to future.
CEO Harsh Jain stated the transfer is aimed toward addressing a niche available in the market, significantly amongst newer traders in smaller cities.
He added that Dream Road would use synthetic intelligence to offer tailor-made funding steering, describing a imaginative and prescient the place customers may entry insights just like these provided by world funding banks.
The brand new brokerage arm will likely be led by chief product officer Rahul Mirchandani as chief government, alongside senior product leaders Karan and Nikhil as co-founders.
The growth kinds a part of a broader push into monetary companies following the launch of Dream Cash in 2025, which initially provided gold and stuck deposit investments earlier than increasing into mutual funds and lending merchandise.
The transfer additionally follows a wider restructuring of the Mumbai-based agency into a number of enterprise models, because it seeks new income streams after regulatory adjustments considerably impacted its core gaming operations.
Dream Sports activities’ entry comes amid rising competitors in India’s stockbroking market, with fintech and shopper web companies resembling MobiKwik, Tremendous.cash and CRED additionally exploring funding platforms.
They are going to compete with established digital brokers together with Groww, Zerodha and Angel One, which proceed to broaden their person bases.