Dream 11 Reverse Flipping, Relocates to India

The recent addition to the Indian Startup Ghar Waapsi movement is Dream 11. The lead sponsor of the BCCI, Dream 11 reverse flipping completed in the March end. This strategic decision to shift its domicile from the United States to India boosts the Indian startup ecosystem and unlocks its immense potential. Although not a new wonder, reverse flipping is a strategy when a company shifts its headquarters or operations from its originally founded country to another. Companies do this to take advantage of specific benefits.

With this shrewd move, Dream 11 joins PhonePe, Zepto, Flipkart, Meesho, Groww, and others. This is a solid testament to India’s favourable conditions and its growing power. Started by Harsh Jain and Bhavit Sheth in 2008, Dream 11 is a popular fantasy sports platform where users play daily fantasy contests in sports, mainly in cricket. Dream 11 is an online game where a user creates a virtual team with real players. Based on these players performance in real matches, users earn points and rewards. It offers both free and paid contests. Aged above 18 and a verified PAN are the eligibility criteria to play these contests.

Dream Sports, the parent company of Dream 11, has a massive user base of 220 million in India. It became a unicorn in 2019 and attracted huge investments from popular investors.

Reasons for Reverse Flipping Trend in India – 

Some of the reasons that drive companies to move their base from originated country to India are

1. Opportunities & Policies – It is evident that India is a fast-increasing economic superpower. Furthermore, India has a huge consumer base and solid domestic capital market. Moreover, India boasts immense talent that provides lower costs and easy access to talent. Growing IPO opportunities and local regulations encourages companies to invest here.
2. Favourable Regulations – India’s regulations are easy and simplifies cross-border mergers. In addition to these, a massive consumer base, huge talent pool, and solid market conditions attract firms to operate from India. While this makes reverse flipping more feasible, it also aligns with India’s ease of doing business.
3. Market Valuation – Indian market is gigantic. Also, The whole world looks at India with plenty of opportunities to grow.

Although compliances and tax challenges exist, firms displaying enormous confidence in the Indian market valuation. As a result, Dream 11 reverse flipping may pave way for many other companies to return India. 

Also Read: Future Technologies: 7 Innovations To Redefine Humanity by 2030

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