The Delhi-based firm is also looking to launch more games under the umbrella of fantasy gaming, thus engaging with audience across different genres of sports.
Online fantasy gaming platform BalleBaazi has secured $4 million in Series A funding round from two private equity funds based out of Singapore and Delhi.
The fresh capital will be used by the company to expand its business to the newer markets and enhance the gaming experience for users. Apart from this, the Delhi-based firm is also looking to launch more games under the umbrella of fantasy gaming, thus engaging with the audience across different genres of sports.
BalleBaazi was founded in January 2018. It provides cricket fans an opportunity to showcase their knowledge of the game, their team making skills, and in turn, encash these skills by playing on the platform.
Currently, the company has cemented its position among the top fantasy cricket platforms. It boasts of a 3 million user base engaging on the platform.
Saurabh Chopra, Co-founder & CEO, BalleBaazi.com, said, “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 way for newer innovations and catalyse our upward journey at BalleBaazi.”
Navkiran Singh, Founder & CEO, Baazi Games, added, “BalleBaazi has played witness to a tremendous surge in growth during the recently concluded IPL and ICC World Cup 2019. From the signing-up of Yuvraj Singh as the brand ambassador to securing a USD 4M funding, we are all padded-up for game-defining performance in times to come.”