India, July 1 -- Dream11 parent Dream Sports is scaling back its diversification efforts, shutting down its fintech vertical Dream Money less than a year after its launch. Last month, the company also shuttered its AI-powered sports performance analytics app Dream Play.

A notification on Dream Money's website said it is "discontinuing operations" starting July 30, prior to which customers can view statements, holdings, and account details. A summary of investments made through Dream Money will also remain visible under the 'Transaction Summary' section on the platform till July-end, following which the platform will "cease to be operational".

It further noted that the funds invested through the platform will remain invested in the user'...