Dream11 Parent Diversifies into WealthTech, Launches Pilot App for Fixed Deposits and Gold Investments After Gaming Ban

Dream Sports, the parent company of fantasy gaming platform Dream11, has officially stepped into the wealthtech sector with the pilot launch of its new personal finance app, Dream Money. The app allows users to invest in digital gold, systematic investment plans (SIPs), and fixed deposits (FDs) with small-ticket investments starting as low as ₹10.

Diversification After Online Gaming Ban

The move comes after Dream11 was forced to halt all paid fantasy contests and shift to free-to-play games in response to India’s new online gaming law, which bans money-based online games. With the rollout of Dream Money, Dream Sports aims to diversify its business and tap into India’s growing wealth management and digital investment market.

Dream Money: Key Features

Gold Investments & SIPs:

Users can buy gold or set up daily/monthly SIPs starting from ₹10. For this feature, Dream Money has partnered with Augmont, a digital gold trading platform.

Fixed Deposits (FDs): The app allows FDs from ₹1,000 without needing a bank account. Withdrawals can be made anytime.

Partner Banks & NBFCs: Dream Money offers FDs through Suryoday Small Finance Bank, Shivalik Small Finance Bank, Slice Small Finance Bank, and Shriram Finance (NBFC).

Tech Partner: The FD feature is powered by fintech startup Upswing, which provides an open finance-as-a-service platform.

Expense Tracking: The app also helps users track daily spending, making it a comprehensive money management tool.

Why Dream Sports is Betting on WealthTech

India’s wealthtech sector is booming, with millions of young users investing digitally in gold, FDs, and mutual funds. By entering this space, Dream Sports is leveraging its massive Dream11 user base to cross-sell financial products and build a long-term sustainable business beyond gaming.

Conclusion

With Dream Money, Dream Sports has taken a bold step from gaming to finance, offering micro-investments in gold and fixed deposits to make wealth creation accessible to the masses. The pilot phase indicates the company’s strategic shift towards becoming a broader digital financial services provider in India.