Dream11, Nazara Tech CEOs to hold prominent positions in IAMAI governing council

Published on:

Fantasy sports platform Dream11 founder Harsh Jain will now be acting as chairperson for Internet and Mobile Association of India (IAMAI), while Nazara Tech’s CEO, Nitish Mittersain, will hold a member’s position for the new governing council.

The governing council also contains other prominent members like Anupam Mittal from People Interactive, Rajendra Nalam from Paytm, Sameer Nigam from PhonePe, Anant Goenka from Indian Express and many more.

Apart from these members, Rajesh Magow of MakeMyTrip will be acting as vice chairperson and Satyan Gajwani of Times Internet as the Treasurer according to moneycontrol.

Dream11 is currently believed to be the biggest fantasy sports platform in India, with several players logging in on a daily basis. A recent analysis from Fintrackr also revealed that over Rs 5000 crore was spent on ad campaigns by fantasy sports platform, with Dream11 alone spending over Rs 2100 crore.

Nazara Tech, on the other hand, currently generates around 5% of its total revenue from RMG sector, but have revealed their plans to expand in the sector soon. As of now, Nazara saw an 18% YoY increase in profits for Q4FY23, as revealed by Mittersain.

These people were appointed after the industry body announced the election for its governing council on Monday, May 15. According to IAMAI, 83 of its 500 members contested for its 24-member governing council.

Big Tech personnel excluded from IAMAI governing council

According to sources, the exclusion of Big Tech companies from the IAMAI governing council was deliberate because there was a perception that IAMAI and Indian internet organizations were merely endorsing Big Tech’s demands.

Last month, IAMAI found itself in the middle of controversy after its members, which include both Indian and foreign companies, argued on the need for a separate framework for digital competition aimed at regulating anticompetitive practices by Big Tech companies.

IAMAI was also heavily criticized by the Indian entrepreneurs asserting the need for a digital competition law was required, implying that the organization’s attitude on the issue was indicative of its leadership.

Related