chief technology officer

is stepping down after nearly a decade with the company to launch an artificial intelligence (AI) venture.

In a LinkedIn post, Sharma said he joined Dream Sports in 2016 after spending around 12 years in the US, where he worked at various companies, including Netflix and Yahoo. During his time at Dream Sports, He helped scale

's technology operations and engineering team as the company expanded.

“I joined Dream11 when it was just a 45-person company with a 20-member tech team. For the first time, I was given the opportunity to combine my passion for sports with my profession in tech. Over the years, we scaled that tech team to 600 strong—all based right here in Mumbai,” he wrote in the post.

Sharing his plans, Sharma said his next venture will involve building something "cool" with artificial intelligence.

The CTO’s departure comes during a period of restructuring at Dream Sports. In March, ET reported that

the company after it reorganised its business into multiple units following the regulatory ban on online real-money gaming in India.

The move also comes days after Dream Sports

, less than a year after its launch. The platform offered investment and wealth management products, including mutual funds, digital gold, fixed deposits and loans.

Dream Money was part of Dream Sports' diversification strategy, launched last year after the company was forced to shut its flagship fantasy sports platform, Dream11.

Founded in 2008 by Harsh Jain and Bhavit Sheth, Dream Sports was last valued at $8 billion during its 2021 funding round, when it raised $840 million from a clutch of investors, including Tiger Global, Alpha Wave Global, DST Global and TPG.