Hey there! Nowadays, the moment when we hear the word online games, our minds conjure up with fantasy sports apps. The impact of these fantasy apps on sports enthusiasts are surreal and the user base of these apps are solid proof.
Dream11 – The Most Admired Fantasy Sports App
Dream11 is an Indian-based fantasy sports app founded in the year 2008 by Harsh Jain and Bhavith Seth. The idea behind the development of Dream11 arose from the craze for the Indian Premier League (IPL). Eyeing the higher affinity for cricket and other sports among users, the concept of fantasy sports emerged and Dream11 tucked in this opportunity. Well, let us see some of the interesting facts about Dream11 in the following sections.
Business Model Employed In Dream11
Whenever a business emerges out to be successful, competitors first start with analyzing the business model. In this regard, let us look at the business model of Dream11.
In general, revenue from ads is one of the major income for businesses. But in the case of Dream11, it is something different. The app doesn’t monetize through showcasing ads instead, they make money from rewards earned by users. Yes, the app charges more than 20% of the rewards earned from each league or tournament. During the initial days of launch, they used Google Adsense, but then they stopped showcasing ads to provide a better user experience. With this section on the business model of Dream11, let us move on to the growth and accomplishments of Dream11.
Growth Rate And Accomplishments Of Dream11
- Recently, Dream11 has raised $400 million in the second round of funding led by Falcon Edge, D1 Capital Partners and TCV.
- Other than this, the company claims that its growth rate has leapt to 230% in the last three years.
- As of the recent reports, the user base of Dream11 is 100 million.
- In the year 2019, Dream11 entered the Indian Unicorn club.
- Dream11 was mentioned as one of the 42 startups in Inc42’s 42Next list.
- As per the reports by Google, Dream11 was listed among the top 10 biggest and popular trends of 2018 in India.
- In the year 2019, BCCI made Dream11 the official sports partner for IPL, which will continue till the year 2022.
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Connect on WhatsApp Some Of The Competitors of Dream11
- FanMojo
- Mobile Premier League
- Ballebaaz
- HalaPlay
- GamingMonk, etc.,
Let us next head to another interesting topic on Dream11 clone app development.
All About The Dream11 Clone App Development
Dream11 clone app development is an idea that emerged from the success of Dream11 and the craze for fantasy sports app. In this method, a clone app is developed similar to that of the original fantasy sports app like Dream11.
By developing this app, you can offer different sports like cricket, football, hockey, and much more. To give a more clear understanding of the app, let us take a glimpse at the functioning of the Dream11 clone.
How Does Dream11 Clone App Functions?
Step 1: Firstly, interested people will have to sign up for the app. Details like name, email ID, etc., will be required.
Step 2: After signing up, users can choose any sports and head to team creation. In this app, users are free to create or join multiple teams.
Step 3: After choosing the sports, users will add players, thereby creating a team.
Step 4: Once the match begins, users will have to keep checking up on the scores and performances of the players.
Step 5: Finally, users will get rewards based on the result of the match.
Next, we shall learn the revenue model of the Dream11 clone app.
Revenue Model Of Dream11 Clone
- Entry fees
Entry fees will be one of the major sources of your income through the app. In the case of Dream11, the entry fees range between INR 30 to 40 ($0.4 – 0.8).
- Participation fees
Similar to the entry fees or registration fees, you can also charge participation fees for every match.
As mentioned in the beginning, the major income of Dream11 is from the users’ earnings. The app will cut off 20% of the users’ rewards.
While we have been discussing the Dream11 clone app development, how to miss out on the features? So, let us unearth the important features of the Dream11 clone.
Features Of The Dream11 Clone
- Tournament creation
The app is flexible to let users create their own tournaments. While creating the tournament, users can specify the entry fees, winning amount, name of the tournament, etc.,
- In-app payment gateway
One of the crucial features is the in-app payment option. In order to make it convenient for users to make the payment, integrate different and popular payment options.
- Refer a friend
Gain as much popularity as possible to your app through the referral option. Using the referral option, users can invite their friends to join the app.
- Push notifications
All crucial information about the app will be informed to users via push notifications.
- Admin dashboard
You will have a centralized admin dashboard for managing the users’ activities. You can verify the user details, payment details, manage revenue, etc.,
How About Developing Your Dream11 Clone?
In this technologically ahead time, if you wish to enter the online gaming industry, then the fantasy sports app is the best solution. At Appdupe, we have a ready-made Dream11 clone and will allow you to do the needed customizations. Therefore, approach our developer team, get your requirements fulfilled and launch your Dream11 clone within a few days!
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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.
