Draft:Harsh Jain

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  • Comment: The level of WP:REFBOMBING is frankly ridiculous, we don't need to see multiple sources for any but the most contentious claims. And most of the sources seem to be about Dream (which might help to make the business notable, but not him), and most of the remainder about his IAMAI appointment (which is just routine reporting and doesn't contribute towards notability). Either cut down the refs by ¾ or else highlight the 3-5 that fully meet the WP:GNG standard. DoubleGrazing (talk) 14:42, 19 February 2024 (UTC)
Harsh Jain
Born
Mumbai, Maharashtra
NationalityIndian
EducationBachelor of Engineering and MBA
Alma materColumbia Business School
Occupation(s)CEO and Co-founder of Dream Sports and Dream11
EmployerDream Sports
SpouseRachana Jain
Children1
Parents
AwardsYoung Entrepreneur Award by All India Management Association (AIMA)

Harsh Jain is an Indian entrepreneur and investor. He is best known as the co-founder and CEO of Dream Sports, a sports technology company that owns brands such as Dream11, FanCode, Dream Capital, DreamSetGo, Dream Game Studios and Dream Foundation.[1][2][3] He is currently serving as the chairman of the Internet and Mobile Association of India.[4][5][6][7] He is also the President of Federation of Indian Fantasy Sports, governing body for fantasy sports in India.[8]

Early life and education[edit]

Jain was born in Mumbai to Anand Jain, a leading businessman and Chairman of Jai Corp Limited; and Sushama Jain, a wildlife artist.[9][10] He completed his schooling from Sevenoaks School. He later pursued a degree in engineering from the University of Pennsylvania and has an MBA from Columbia Business School.[11][12][13]

Career[edit]

Dream Sports and Dream11[edit]

In June 2008, Jain co-founded Dream11 with Bhavit Seth.[14][15][16] Dream11 provides a fantasy gaming platform for multiple sports such as fantasy cricket, football, basketball, kabaddi, hockey, volleyball, handball and baseball.[17][18][19][20]

In April 2019, Dream11 became the first sports technology unicorn in India.[21][22][23][24]

In November 2021, Dream Sports, parent company of Dream11 became $8 billion company.[25][26][27][28]

In October 2023, Dream11 reached a milestone of 200 million users which accounts to 90% of Indian fantasy sports gaming market.[29]

Dream11 has also partnered with prominent sports leagues and their governing bodies worldwide, including the Caribbean Premier League, Indian Super League, NBA, International Cricket Council (ICC), Pro Kabaddi League, International Hockey Federation (FIH), WBBL, BBL, Super Smash, Indian Premier League, and the Indian National Cricket Team.[30][31][32][33][34][35][36][37]

Red Digital[edit]

In July 2010, Jain also co-founded Red Digital, a social media agency which was acquired by GoZoop in July 2013.[38][28]

Federation of Indian Fantasy Sports[edit]

In September 2017, Jain became the President of Federation of Indian Fantasy Sports, governing body for fantasy sports in India.[8][39]

Internet and Mobile Association of India[edit]

In May 2023, Jain was appointed as the Chairman of the Internet and Mobile Association of India (IAMAI).[40][41] He succeeded Sanjay Gupta, Vice President and Country Manager at Google, India.[42]

Awards and recognition[edit]

In August 2019, Jain was featured in The Economic Times 40 under Forty list of India's top business leaders.[43]

In December 2019, Jain was awarded Newsmaker of the Year by The Indian Express.[44][45]

In June 2021, Jain was also featured in Fortune India 40 under 40 list.[46]

In April 2022, Jain received the Young Entrepreneur Award by All India Management Association (AIMA) in 12th edition of the AIMA Managing India Award.[47]

Jain is also the recipient of the IMPACT Person of the Year (IPOY) 2022 Award, instituted by the exchange4media Group to recognise excellence in the Advertising, Media and Marketing domain. He has been awarded this title for building India’s largest sports technology company.[48][49]

Personal life[edit]

Jain is married to Rachana Jain, a dentist. They have two sons.[50]

Controversies[edit]

In September 2023, Harsh Jain and Dream11 made headlines as the Directorate General of Goods and Services Tax Intelligence (DGGI) sent GST evasion notices totalling ₹28,000 crore.[51][52] Dream11’s parent company, Dream Sports, filed a writ petition in Bombay High Court, challenging the show cause notice issued by tax authorities for alleged goods and services tax (GST) evasion.[53][54][55]

References[edit]

  1. ^ "Inside Dream Sports diversification strategy; Delhi taxi ban's impact on cab aggregators". The Economic Times. Retrieved 2024-02-12.
  2. ^ "Dream11 Turned Fantasy (gaming) Into Reality. Now It's Eyeing A Diversified Sports Tech Future". Forbes India. Retrieved 2023-07-18.
  3. ^ "Dream Sports CEO Harsh Jain gives a peek at their NFT ambitions & diversification strategy". Moneycontrol. 2022-01-07. Retrieved 2023-07-18.
  4. ^ "Dream11's Harsh Jain to be IAMAI's new Chairman". www.thehindubusinessline.com. 2023-05-25. Retrieved 2023-07-17.
  5. ^ "Indian firms oust Big Tech companies from IAMAI in poll coup". The Economic Times. 2023-05-26. ISSN 0013-0389. Retrieved 2023-07-17.
  6. ^ "Dream11's Harsh Jain is IAMAI's new chairperson; Rishad Premji took 50% salary cut in FY23". The Economic Times. Retrieved 2023-07-18.
  7. ^ "Indian entrepreneurs stage desi coup as Dream11 founder Harsh Jain elected IAMAI chairperson". Moneycontrol. 2023-05-25. Retrieved 2024-02-12.
  8. ^ a b "Fantasy Sports Industry Hails Regulatory Certainty, Believes It Will Help Propel Growth". News18. 2023-03-04. Retrieved 2023-07-20.
  9. ^ "Meet Harsh Jain, refused to give up after his business idea was rejected 150 times, built Rs 65,000 crore company". DNA India. Retrieved 2023-07-18.
  10. ^ "Call of the Wild". The Indian Express.
  11. ^ "Meet Harsh Jain, refused to give up after his business idea was rejected 150 times, built Rs 65,000 crore company". DNA India. Retrieved 2023-07-18.
  12. ^ "Harsh Jain, Bhavit Sheth of Dream11: Living the dream". India Today. Retrieved 2023-07-18.
  13. ^ The Unicorn Spinner |Dream11 Exclusive With Udayan Mukherjee, retrieved 2024-02-12
  14. ^ Tong, Goh Chiew (2022-12-23). "A sports tech startup lost millions — then made it big. Here's how its millennial founders staged a comeback". CNBC. Retrieved 2023-07-20.
  15. ^ "Decoding Dream11". Forbes India. Retrieved 2023-07-20.
  16. ^ Is it tougher to win Dream 11 than manage Mutual Funds? | Harsh Jain to ET NOW, retrieved 2024-02-12
  17. ^ "How to setup your Dream11 app and earn money during this IPL 2018". The Indian Express. 2018-04-13. Retrieved 2023-07-20.
  18. ^ Gooptu, Biswarup; Barman, Arijit (2018-04-19). "Internet giant Tencent in advanced talks to invest $100 million in Dream11". The Economic Times. ISSN 0013-0389. Retrieved 2023-07-20.
  19. ^ "Dream11 is a proud homegrown brand, says Harsh Jain". www.thehindubusinessline.com. 2020-08-19. Retrieved 2023-07-20.
  20. ^ Harsh Jain: The Man Who Brought Fantasy Sports to India | Start, Up and Away, retrieved 2024-02-12
  21. ^ Gooptu, Biswarup (2019-04-09). "Steadview investment catapults Dream11 into Unicorn league". The Economic Times. ISSN 0013-0389. Retrieved 2023-07-20.
  22. ^ "Dream 11 becomes India's first gaming unicorn with investment from Steadview Capital". Business Today. 2019-04-09. Retrieved 2023-07-20.
  23. ^ Tewari, Saumya (2019-04-09). "Dream11 enters unicorn club with investment from Steadview Capital". mint. Retrieved 2023-07-20.
  24. ^ Dream Sports CEO Harsh Jain On Dream11, Covid19 & IPL | Startup Street | CNBC TV18, retrieved 2024-02-12
  25. ^ "Dream Sports bags $840 million at $8 billion valuation". The Economic Times. 2021-11-24. ISSN 0013-0389. Retrieved 2023-07-20.
  26. ^ "Dream 11 parent Dream Sports raises $840 mn at valuation of $8 bn". Business Standard.
  27. ^ "A sports fan's dream run". Htsmartcast. Retrieved 2024-02-12.
  28. ^ a b "They launched a fantasy sports company at 22. It's now worth $8 billion". CNBC. Retrieved 2023-07-20.
  29. ^ Bureau, BL Bengaluru (2023-10-20). "Dream11 clocks 200 million registered users despite 28% GST woes". BusinessLine. Retrieved 2023-12-12.
  30. ^ Laghate, Gaurav (2018-11-14). "Dream11 becomes ICC's fantasy game partner". The Economic Times. ISSN 0013-0389. Retrieved 2024-02-12.
  31. ^ Kapoor, Mahima (2018-11-04). "Startup Street: How Dream11 Is Cashing In On India's Growing Love For Fantasy Sports". NDTV Profit. Retrieved 2024-02-12.
  32. ^ "FIH announces a first-of-its-kind partnership with India's biggest sports game Dream11 | FIH". www.fih.ch. Retrieved 2024-02-12.
  33. ^ IANS (14 December 2018). "Dream11 announces partnership Australia's BBL". Business Standard.
  34. ^ "Welcome to the Dream11 Super Smash". 2019-10-02. Archived from the original on 2019-10-02. Retrieved 2024-02-12.
  35. ^ "DREAM11 signs up with New Zealand Cricket for another six years". 2021-02-02. Archived from the original on 2021-02-02. Retrieved 2024-02-12.
  36. ^ "Dream11 is new IPL 2020 title sponsor with winning bid of Rs 222 crore". The Times of India. 2020-08-19. ISSN 0971-8257. Retrieved 2024-02-12.
  37. ^ "Dream11 to be Team India's jersey sponsor; new deal likely to be '350cr for 4 yrs". The Times of India. 2023-07-01. ISSN 0971-8257. Retrieved 2024-02-12.
  38. ^ Tong, Goh Chiew (2022-12-23). "A sports tech startup lost millions — then made it big. Here's how its millennial founders staged a comeback". CNBC. Retrieved 2023-07-20.
  39. ^ Harsh Jain In A Fiery Chat With Nikunj Dalmia On Gaming Evolution & Revolution In India | IEC 2023, retrieved 2024-02-12
  40. ^ "Harsh Jain named IAMAI Chairman for 2023-2025". The Times of India. 2023-05-25. ISSN 0971-8257. Retrieved 2023-07-20.
  41. ^ "Dream11's Harsh Jain is IAMAI's new chairperson; Rishad Premji took 50% salary cut in FY23". The Economic Times. Retrieved 2023-07-20.
  42. ^ "Dream11's Harsh Jain to be IAMAI's new Chairman". www.thehindubusinessline.com. 2023-05-25. Retrieved 2023-07-20.
  43. ^ "Winners 2019 - 40 under Forty: Celebrating Young Leaders". The Economic Times. Retrieved 2023-07-20.
  44. ^ "It's all about smart solutions: Felicitating the best in India's IT in Mumbai today". The Indian Express. 2019-12-13. Retrieved 2023-07-20.
  45. ^ "Express IT Awards: It's all about smart solutions". FE Tech Bytes. 2019-12-13. Retrieved 2023-07-20.
  46. ^ "Harsh Jain, Bhavit Sheth - India's Young & Brightest Entrepreneurs in 40 Under 40 2021 - Fortune India". www.fortuneindia.com. Retrieved 2023-07-20.
  47. ^ "AIMA's 12th Managing India Awards 2022". www.aima.in. Retrieved 2023-07-20.
  48. ^ "IMPACT Person of The Year, 2022, goes to Harsh Jain - Exchange4media". Indian Advertising Media & Marketing News – exchange4media. Retrieved 2024-02-12.
  49. ^ Harsh Jain, CEO & Co-founder, Dream11 & Dream Sports speaks to Neeta Nair of Impact Magazine, retrieved 2024-02-12
  50. ^ "Call of the Wild". The Indian Express. 2018-08-23. Retrieved 2023-07-20.
  51. ^ Livemint (2023-10-03). "DGGI sends GST evasion notice of ₹28,000 crore to Dream11: Reports". mint. Retrieved 2024-02-12.
  52. ^ "DGGI Mumbai Zone sends GST notices to Dream 11 and Play Game 24/7". CNBCTV18. 2023-10-03. Retrieved 2024-02-12.
  53. ^ Bureau, BL Bengaluru (2023-09-26). "Dream11 moves Bombay HC against GST notice". BusinessLine. Retrieved 2024-02-12.
  54. ^ "Dream11 parent moves Bombay HC challenging GST evasion notice". Moneycontrol. 2023-09-25. Retrieved 2024-02-12.
  55. ^ Online Gaming Cos: Living With New GST Regime & Retrospective Tax Actions, retrieved 2024-02-12

External links[edit]

Official website

Profile at Bloomberg L.P.

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