New Delhi, Dec. 4 -- Hit by the real-money gaming ban, Dream11 has changed its strategy to become a sports entertainment platform. The company, with more than 250 million registered users on its platform, expects to capture a significant portion of the 'watch party' experience, or people watching streaming content, which India is likely to see explode in the sports segment, the founders told the media at an event.

"We feel there is huge potential to build a 'Twitch' kind of global platform out of India in the sports segment," Harsh Jain, co-founder and chief executive officer (CEO), Dream11 and Dream Sports, said. In 2014, Twitch, a streaming platform, was picked up by Amazon for $970 million in an all-cash deal.

According to Jain, the ...