Moneycontrol

Dream11 parent Dream Sports to shut its financial services app Dream Money

Dream11 parent Dream Sports to shut its financial services app Dream Money

Dream11 parent Dream Sports is shutting down its fintech unit, Dream Money, on July 30, weeks after discontinuing its AI-powered sports performance analytics app Dream Play.

These moves come a month after the country's real-money gaming industry suffered a major setback in the Supreme Court, which rejected the industry’s challenges to retrospective tax demands and upheld the constitutional validity of the 28 per cent goods and services tax (GST) levy.

Dream Money and Dream Play were newer ventures that Dream Sports had introduced over the past year as part of its move to diversify the company, following the country’s real-money gaming ban in August 2025.

India's online gaming law had disrupted its core business model, wiping out 95 percent of its revenue and all of its profits.

Dream Money was a financial services app that allowed users to invest in gold and fixed deposits, later expanding to mutual funds and, more recently, loans. It had tied up with companies such as Augmont, ICICI Prudential Mutual Fund and Incred Finance for these offerings.

In a note on its website, Dream Money stated it has stopped accepting new customer registrations, new lump-sum investments, and new loan applications. The company will also cancel all active recurring SIPs on the Dream Money platform from July 7, 2026.

The app will be accessible until July 30, 2026, for users to view their statements, holdings, and account details.

"This does not affect your existing investments in any way. All your investments are safe and will continue to be held by our respective partners," the company said.

Dream Play, a sports performance analytics app, was discontinued on June 10, 2026. Moneycontrol has reached out to Dream Sports for a comment and will update once we hear back.

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