Online fantasy gaming platform BalleBaazi.com said on Monday it has raised USD 4 million (nearly Rs 30 crore) in series A round.
The funds were raised from two private equity funds based out of Singapore and Delhi, the company said in a statement.
The funds will be utilised to expand its business to newer markets and enhance gaming experience for users, which stands at around 3 million at present, it added.
"Online gaming industry in India is growing marvellously and is poised to grow even faster. The potential is huge and the funds will certainly pave way for newer innovations and catalyse our upward journey at BalleBaazi," BalleBaazi.com CEO Saurabh Chopra said.
It also plans to introduce more games under the umbrella of fantasy gaming, thus engaging with audience across different genres of sports, the company said.
Recently, BalleBaazi.com had received funding of USD 1 million from Baazi Games, its parent company.
It had signed the former India cricketer Yuvraj Singh as brand ambassador.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app