iWorld
FanCode turns one as India’s first multi-sport aggregator platform, garners over 15 mn users
MUMBAI: FanCode has successfully completed one year with over 15 million app installs. Since its inception in March 2019, FanCode has partnered with some of the world’s biggest sports brands and events, it has brought sports content to India across 9 sports and over 50 sporting events.
FanCode is a multi-sport aggregator platform from the house of Dream Sports. It has also launched the ‘fastest interactive live scores’ experience and comprehensive live streaming of long-tail sports and some premium cricket tournaments.
In the last one year, FanCode has significantly enhanced the sports experience for fans by providing interactive data overlays during live streaming of a match, news on the sports industry across the globe, bite-sized video content like match highlight packages, chat with sports personalities in a new-age format, and expert opinions.
The latest offering to the fastest live scores for cricket is now delivered with multimedia commentary. This is supplemented by interactive content and infographics for milestones achieved by players or teams during the match and also a detail-oriented ‘Live Blog’.
Adjudged as the “Best Sports Startup” at FICCI India Sports Awards 2019, FanCode forged over 16 exclusive partnerships with leading global sports associations and leagues across sports such as cricket, football, kabaddi, basketball, volleyball, and even American football.
Some of the key partners include The Fédération Internationale de Volleyball (FIVB), West Indies Cricket Board (WICB), Bangladesh Cricket Board for showcasing the Bangladesh Premier League (BPL), National Football League (NFL) including the world’s biggest annual sporting event – the Super Bowl, and I-League. It also became the NBA's (National Basketball Association) first live streaming partner in India.
FanCode co-founder Yannick Colaco says, “We are thrilled at the tremendous progress that we have made in just a year. Over 15 million strong users in one year is an indication of how Indian sports fans are looking for deeper and comprehensive engagement with the sports they love.”
“We plan to launch several innovative and exciting features for sports fans. We will also continue to build FanCode to provide the best-in-class experience that sports fans deserve even during a time when sports across the globe have come to a halt. The reliance on digital platforms to stay connected to sports has further increased acceptance for the platform, and we expect consumption of sports to reach its peak once live sports are back,” adds Colaco.
FanCode co-founder Prasana Krishnan says, “The dependencies on digital mediums are significantly growing in sports over the years, thanks to the easy access to smartphones and cheaper data. The internet made access to interactive sports content a reality including live streaming, live scores, match analysis, fantasy research, which have been the strong pillars of growth over the year.”
“To stay true to our objective of being the single destination of choice for the avid sports fans in India, we are all set for the next phase of growth with feature additions, right from e-commerce to fantasy research tools. Forging deep and direct fan relationships will be a crucial differentiator in the long run for the industry, and we are building this base for the next leap,” adds Krishnan.
FanCode was launched in March 2019 to offer a broad spectrum of long-tail sports and contextual commerce providing comprehensive sports experience to avid sports fans in India. Dream Sports, a sports tech company, is the parent company of FanCode that also houses brands like Dream11 and DreamX.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
