Skip to content
Search

Latest Stories

Dream11 to replace Byju's as India team sponsor

Dream11 to replace Byju's as India team sponsor

FANTASY gaming company Dream11 will be the lead sponsor of India's national cricket team for three years, the country's cricket board announced on Saturday (1).

The Dream11 logo will be seen on India's jerseys starting from the test series against the West Indies this month, which will be the team's first assignment in the ICC World Test Championship 2023-25 cycle, the BCCI added in a statement.

Financial details of the deal were not released. Dream11 replaces Byju's as lead sponsor, after the BCCI's contract with the education technology firm ended in March.

"I congratulate Dream11 and welcome them on board again," BCCI President Roger Binny said.

"From being BCCI's official sponsor to now being the lead sponsor, the BCCI-Dream11 partnership has grown from strength to strength. It is a direct testament to the trust, value, potential and growth that Indian Cricket offers.

"As we prepare to host the ICC World Cup later this year, enhancing fan experience is among our top priorities and I am confident that this partnership will help us elevate the fan engagement experience."

Earlier this year, Adidas came on board as India's kit sponsors in a deal until March 2028.

(Reuters)

More For You

Octopus Energy agrees to sell stake in Kraken software unit at £6.4 billion valuation

Kraken technology simplifies customer billing management, smart meter operations, electric vehicle charging and home battery systems, enabling cheaper renewable power usage.

iStock

Octopus Energy agrees to sell stake in Kraken software unit at £6.4 billion valuation

Highlights

  • Kraken software arm attracts $1bn investment at $8.65bn valuation from global investors.
  • Technology powers customer billing and renewable energy management for suppliers worldwide.
  • Octopus Energy founder Greg Jackson indicates medium-term stock market listing possible in London or US.

Octopus Energy has agreed to sell a significant stake in its Kraken software division, valuing the technology arm at $8.65bn (£6.4bn) and paving the way for a potential stock market flotation.

New investors including asset manager Fidelity International and Ontario Teachers' Pension Plan Board have joined existing shareholders to acquire a $1bn stake in the business. The deal leaves Octopus Energy holding a 13.7 per cent stake in Kraken following the transaction.

Keep ReadingShow less