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Dream Sports to enter stock broking with launch of new platform Dream Street
Fantasy gaming giant pivots to wealth management to tackle recent market hurdles
MUMBAI: Dream Sports, the parent company of the prominent sports platform Dream11, is officially entering the stock broking industry. The Mumbai-based firm is launching a new platform called Dream Street, marking a significant diversification as it prepares to compete with established fintech players such as Groww and Zerodha.
The strategic move follows a challenging period for the group. Following a ban on real-money gaming in August 2025, the company has been under pressure to establish fresh revenue streams. Dream Sports began laying the groundwork for a financial services portfolio last year with the launch of Dream Money, and this latest venture signals a deeper commitment to the wealth management sector.
This expansion is part of a broader restructuring. Dream Sports co-founder Harsh Jain confirmed to Moneycontrol that the company has secured all necessary licences. The platform is currently undergoing internal testing, with a public launch expected to take place shortly.
The leadership team for Dream Street consists of experienced internal executives. Dream Sports chief product officer Rahul Mirchandani will lead the brokerage as ceo. He is joined by co-founders Karan Bansal and Nikhil Lalvani. Within the new structure, Dream Street chief business officer Karan Bansal will oversee operations, while Dream Street chief product officer Nikhil Lalvani will manage the technical development.
Financial reports indicate that this shift in strategy follows a period of contraction. For the 2025 financial year, Dream11 reported a 15 percent decline in revenue to Rs 6,759 crore. The company also moved from a profit of Rs 1,295 crore in 2024 to a loss of Rs 479 crore in 2025. While one-time tax expenses and director benefits contributed to the loss, the regulatory changes to its core gaming business have necessitated a search for more stable growth.
By leveraging its massive existing user base, Dream Street aims to convert sports fans into retail investors. The company is betting that its experience in high-traffic digital platforms will allow it to capture a significant share of the retail broking market as it builds out its broader financial services ecosystem.
Brands
Pocket FM elevates Lalit Gangwar to COO to drive global growth
Founding member to lead operations, monetisation and expansion across markets
MUMBAI: Pocket FM has elevated Lalit Gangwar to chief operating officer, tasking the founding team member with leading global business operations as the company sharpens its international growth strategy.
In his new role, Gangwar will oversee end-to-end operations across markets, including growth, monetisation and execution for the company’s audio business. The appointment comes as Pocket FM looks to strengthen its operating foundation and build a more predictable, scalable global business.
Gangwar has been closely involved in shaping the company’s trajectory from its early days. He played a key role in building the growth and marketing playbook in India, helping the platform scale to over 150 million users within its first year and establish a strong foothold in the audio storytelling category.
He later led Pocket FM’s expansion into the United States, where he set up teams, defined market strategy and drove scale, contributing significantly to the company’s international ambitions.
Pocket FM co-founder and CEO Rohan Nayak said, “Lalit has been central to Pocket FM’s journey from the very beginning. He has built our growth engine and scaled our business across markets.” He added that the company’s focus on nurturing internal talent makes Gangwar a natural choice to lead the next phase.
Gangwar said, “Pocket FM has always been driven by a simple belief that powerful stories can travel across borders and create meaningful impact.” He noted that the company will continue to focus on scaling markets, investing in AI-led storytelling and strengthening monetisation.
As COO, Gangwar is expected to bring greater operating discipline while building systems, talent and processes to support long-term growth.
With leadership continuity and a clear global focus, Pocket FM appears to be turning the page to its next chapter, one that aims to take its storytelling playbook well beyond home turf.
