Cartoonist: Satish Acharya
Dream11 has bagged the title sponsorship for IPL 2020. With the winning bid of INR 222 crores, the fantasy cricket platform beat Unacademy and Byju's.
The Mumbai-based online fantasy sports platform Dream11, founded by two Indian entrepreneurs in 2008, will replace Chinese mobile firm Vivo that pulled out.
When BCCI officially suspended that partnership and invited fresh bids. Baba Ramdev’s Patanjali Ayurvedic Ltd too was in the fray for the IPL title sponsorship.
Baba Ramdev confirmed that Patanjali would step in if no Indian company comes forward. However, the developments in the last two days indicate that it was just a publicity gimmick.