Only a week forward of IPL 2021, Fantasy Akhada, certainly one of India’s quickest rising Fantasy Sports activities Platform, has raised Rs. 5 crore fairness funding by way of Prime Securities Restricted, an Funding Banking boutique that gives diversified funding banking and company advisory companies in India. The brand new financing spherical was led by funding banker Mr. N Jayakumar, Managing Director of Prime Securities. The brand new funding brings Fantasy Akhada’s to-date elevate nearer to the USD 1 million mark.
The Gurgaon-based startup, with a imaginative and prescient of enhancing sports activities engagement amongst Indian sports activities followers, goals to offer essentially the most customer-centric fantasy sports activities platform within the nation. Presently, Fantasy Akhada offers customers with a platform to play and win thrilling contests in Fantasy Cricket & Fantasy Soccer. Other than increasing to newer sports activities like Kabaddi, Basketball, within the brief run, the model will use the recent spherical of funds to boost the Prize Pool of Assured Mega Contests. The model goals to make itself the go-to vacation spot for all Fantasy Sports activities customers this IPL and can announce money prizes to customers as a part of IPL Leaderboards.
Talking on the event, Amit Purohit, Founding father of Fantasy Akhada stated, “The whole crew of Fantasy Akhada is tremendous excited to companion with Prime Securities in its journey of constructing India a nation actually engaged in sports activities. The newest spherical of funding will primarily be utilized in enhancing our tech capabilities, driving person acquisition throughout a very powerful time of the yr, and investing in areas that ensures we obtain our mission of being essentially the most customer-centric platform within the nation. We couldn’t have requested for a extra opportune second to lift our subsequent spherical, only a week earlier than the IPL. The subsequent two years will see a marquee T20 event each six months and we purpose to hurry up our progress journey and Prime Securities is one of the best companion we might have requested for on this part.”