Dream Sports Launches Stock Broking Platform ‘Dream Street’

Dream 11’s parent company Dream Sports has launched stock broking platform ‘Dream Street’ as it looks to move away from being a gaming-first company.

The SEBI-registered platform currently allows users to invest in stocks and ETFs, and futures and options (F&O), with investments in IPOs expected to follow soon. 

DreamStreet aims to simplify the investment journey for new and hesitant market participants through a hybrid model that combines AI-powered data insights and market guidance from SEBI-registered analysts. The startup has integrated an AI investing companion, named ‘Veda’, for investment insights and analysis. 

DreamStreet also claims to offer fully digital and user-friendly onboarding, with plans to “introduce a range of capabilities to further simplify investing”. 

Notably, Dream Sports made its fintech foray in August last year by launching Dream Money — a wealth management platform that distributes mutual fund and gold investments, SIPs, fixed deposits and personal loans, along with offering users the ability to track their spending and investments. 

With rising financial literacy and increasing incomes, a number of startups have emerged offering stock broking and wealth management services. As a result, the segments have also become crowded, with major players like Zerodha, Groww, Angel One, Dhan, among others, scrambling to differentiate offerings and bring more users into their fold. 

However, Dream Sports’ pivot toward financial services came after the Centre banned real money gaming last year, bringing the business of the company’s flagship brand Dream11 to a screeching halt. Dream Sports has since moved from being a gaming-first company to a sports and media entertainment platform. 

It is now betting on the gaming platform’s large non-metro user base to upsell its fintech products, especially since many of them might be first-time investors or don’t have access to traditional financial services. 

This is all the more important as the company slipped into the red towards the end of FY25, reporting a net loss of ₹478.9 Cr compared to a net profit of ₹1,295.3 Cr in FY24, on account of an exceptional expense of ₹503 Cr for moving its domicile to India from the US. 

Its top line also took a hit due to the imposition of 28% GST on the real money gaming industry. Dream11’s operating revenue declined 14.8% to ₹6,759.3 Cr in FY25 from ₹7,933.8 Cr reported in FY24. 

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