Aatmja Kumari(Intern Journalist): Recently, the company was criticized when the Indian Dream11 won the title sponsorship of the Indian Premier League. The Dream XI Company was subjected to criticism because trade organizations said that Chinese companies had invested in this company. Now Dream 11 itself has said that we are completely desi. Dream 11 has been named as the title sponsor after the bid was taken away from the Chinese mobile giant’s main sponsor of this year’s IPL.
The company spokesperson said, “Dream 11 is a completely domestic brand. We are proud to say that the entire product and technology of Dream 11 has been developed by Indians within India and only for Indian sports lovers. Only available. ” The spokesperson further said that majority of its investors are Indians holding minority stake with investors of Chinese origin. The spokesperson also said that we are the main sponsors of the first IPL, which are related to sports.
He has stated, “Dream 11 is almost wholly owned by Indians, with its founders, all 400+ Indian employees and our Indian investors like Kalari Capital and Multiples Equity. One in five investors is of Chinese origin, but He has a minority stake. ” Earlier this year, the government banned 59 Chinese mobile apps after rising tensions along the Indo-China border.
At the same time, the boycott of Chinese products was also intensified with the killing of 20 Indian soldiers in a bloody conflict between India and Chinese soldiers in East Ladakh in June. This also had an impact on the BCCI, as Boycott started trending after the announcement of IPL. In such a situation, the BCCI, along with Vivo, had to postpone the deal for more than Rs 400 crore for this year.
About Post Author
