Mumbai-based fancy sports company Halaplay Technologies has raised Rs 40 crore from cell gaming startup Nazara Technologies, an present investor, and India-indexed casino gaming enterprise Delta Corp in a Series-A spherical of investment.
The startup, which operates each day fable sports platform and counts Kae Capital as a seed degree investor, plans to use the finances to reinforce its marketing and product improvement and expand its crew. Before this infusion, it had raised about Rs 8 crore because it was founded in January 2017 by means of Swapnil Saurav, Prateek Anand, Ananya Singhal, and Aman Kesari.
The agency stated it noticed a tenfold boom inside the number of users inside the beyond the year and that it turned into seeking to develop with over one crore lively players in the upcoming cricket season.
This is the most effective funding in myth gaming by way of Nazara, which has been making an investment in segments which includes actual cash gaming and top rate esports. Around one hundred million Indians are anticipated to play fantasy game by means of the cease of this yr, consistent with a joint report through the Indian Federation of Sports Gaming and marketplace research firm AC Nielsen.
The phase is presently led via Tencent-sponsored Dream11, which has raised over $100 million and claimed to have a user base of 50 million in February this 12 months. Dream 11has held talks with hedge fund Steadview Capital for a clean spherical of investment which may catapult its valuation to $1billion, as in keeping with a document by using VCCircle.
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