Bhavit Sheth is a co-founder and COO of Dream11. He founded it with Harsh Jain in 2008. The company is based in Mumbai.
In 2012 Dream11 launched freemium fantasy sports for cricket fans in India. It passed 1 million users in 2014 and 45 million in 2018.
In 2019 it became India's first fantasy sports unicorn. In 2021 it raised $840 million at an $8 billion valuation.
On 21 August 2025 Parliament outlawed real-money online games. Dream11 paused paid contests, which were over 90 percent of its revenue.