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Dream11 revamps Rario's leadership

September 11, 2023

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Mint Mumbai

Dreamll revamps leadership at Rario unit, sacks co-founders

- Gaurav Laghate

Dream11 revamps Rario's leadership

Dream Sports, the parent of fantasy sports platform Dream11 and a leading entity in sports technology, has ousted the co-founders of Digital Collectibles, which operates Rario, a cricket NFT startup in which it had invested last year.

The decision came after a board meeting last week, leading to the removal of chief executive Ankit Wadhwa and chief technology officer Sunny Bhanot from their roles with immediate effect. In addition to the leadership changes, Dream Sports is also looking at a significant restructuring of the NFT (non-fungible token) startup and has let go approximately 60% of its workforce, highlighting the depth of the internal conflicts and challenges.

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