[Funding alert] FanPlay raises seed round from Dheeraj Jain, Anupam Mittal, Core91 Fund
Summary
FanPlay, a Delhi-based real money gaming startup, has raised an undisclosed amount in a seed round from Redcliffe’s Dheeraj Jain, Anupam Mittal, Core91 Fund led by Shalin Shah, LetsVenture platform (via the 100x Entrepreneur Syndicate) and other marquee angel investors. The startup said the funding bolsters its position to ace the product market fit and scale its operations in the coming months. Among the real money quiz game applications, both BaaziNow and Qureka, launched in 2018, have more than 10 million downloads each on the Play Store. FanPlay, is the latest entrant in the segment, and is looking to have over five lakh users on its app by the end of this year. “High interest in such startups can be corroborated with Dream11 recently being valued at more than $2.5 billion.