Dempo Goa Challengers are co-owned by Mr. Shrinivas Dempo, Chairman of the renowned Dempo Group from Goa, and Mr. Vivek Bhargava, Co-founder of ProfitWheel.

One of the most successful teams in Butterfly UTT history, Dempo Goa Challengers are the only franchise to have won the title twice, lifting the trophy in 2023 and 2024.