A man stands atop a broken gear, overlooking a city skyline, with a faint heartbeat line.
Indian gaming giant Dream Sports is pivoting to fintech and sports tech eight months after the government’s ban on real-money gaming (RMG). The company is leveraging its user base to expand into new sectors, including financial services with the launch of wealthtech platform Dream Money and AI-driven brokerage platform DreamStreet.
Simultaneously, Dream Sports is transforming its RMG platform into an ad-driven social network and relying on established verticals like FanCode to fund experiments and global expansion. Senior leaders have been redeployed as CEOs of new standalone verticals to decentralize the corporate structure and minimize risk.
In other news, Regan Mithani, cofounder of Clear-acquired SaaS startup Xpedize, passed away during a family vacation in Singapore. Mithani cofounded the supply chain financing tech startup in 2017, focusing on invoice discounting and working capital management.
Additional Highlights:
- Palmonas raised $40 million in Series B led by Xponentia Capital and Vertex Growth Fund to expand offline presence.
- AvenuesAI subsidiary Rediff pre-files DRHP for a potential IPO in the range of ₹600-₹800 crore.
- Licious claims a 47% YoY jump in FY26 revenue to ₹1,166 crore, with EBITDA loss rising 11% YoY to ₹187 crore.
- NODWIN brings back ex-CEO Sidharth Kedia as chief strategy and investments officer ahead of its IPO.
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