UditBalleBaazi, which is a Delhi based online fantasy gaming platform, has now secured $4 million in the funding round of Series A from thee two private equity funds.
The company will now have plans to use the funds to expand its business to some of the new markets and enhance the gaming experience for users. Also, the firm also has plans to introduce more games under the umbrella of fantasy gaming, thus engaging with the audience across some of the different genres of sports.
“The online gaming industry in India is growing marvelously and is poised to grow even faster. The potential is huge, and the funds will certainly pave the way for newer innovations and catalyze our upward journey at BalleBaazi,” Saurabh Chopra, CEO at BalleBaazi, said.
BalleBaazi was founded in the year 2018. The fantasy sports site provides crickets fans an opportunity to showcase their knowledge of the game, their team making skills and in turn cash these skills by playing on the platform.
While, Navkiran Singh, founder & CEO at Baazi Games, said, “From the signing-up of Yuvraj Singh as the brand ambassador to securing $4 million funding, we are all padded-up for game-defining performance in times to come.”
Source: Inventia