Dream11’s Chinese Investors May Pose Hurdle In IPL Sponsorship Deal

Fantasy gaming unicorn became the first startup to get awarded the title sponsorship rights to IPL, beating out the likes of BYJU’S and Unacademy, but the company’s Chinese investors have come under fire especially at a time when anti-China sentiment is on the rise.

Traders’ body Confederation of All India Traders (CAIT) wrote to the Board of Control for Cricket in India (BCCI) raising objections over Dream11 winning the IPL title sponsorship rights, even though China-based Tencent Holding reportedly holds a majority stake in the company. Tencent Holdings had led the $100 Mn Series D round of Dream11 in 2018.

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