[Funding alert] Fantasy cricket startup BalleBaazi raises $1M from Baazi Games
Summary
Aimed at redefining the way fans engage with fantasy sports in India, particularly cricket, the fantasy gaming platform said it will be utilising the funds to further expand its verticals and introduce various innovative concepts to enhance the user experience With this, Baazi Games has also consolidated its majority stake in the company, the official release stated. Confirming the news and commenting on the development, Navkiran Singh, CEO of Baazi Games, said, Launched in 2018, the fantasy sports site offers 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. Dream11 joins $1B club with investment from Steadview Capital At present, the company, which claims to have cemented its position among the top fantasy cricket platforms, boasts of around a million users who immerse themselves in the fantasy gaming experience every month. The development comes on the heels of a major milestone for the fantasy gaming startup community in India. On Tuesday, Dream 11, one of the better known fantasy gaming sites in India, secured a position in the prestigious ‘unicorn’ club after the completion of a secondary investment by Steadview Capital.