- Mumbai-based fantasy sports startup HalaPlay Technologies Pvt. Ltd said it has raised Rs 40 crore ($5 million at current exchange rate) in a Series A round from mobile game developer Nazara Technologies Ltd and casino gaming company Delta Corp Ltd, both headquartered in India.
- Fantasy sports has been on the rise, with the market being estimated to be $1 billion currently and is expected to go up to $5 billion in the next two years and, hence, this boost could not have come at a better time ensuring and enabling our growth,” Swapnil Saurav, chief executive officer, HalaPlay, said in a statement.
- The company had in November 2017 raised an undisclosed amount from early-stage investment firm Kae Capital Management Pvt. Ltd and Nazara Technologies Pvt. Ltd.
- Existing investors venture capital firm Kalaari Capital and private equity firm Multiples Alternate Asset Management had also participated in the round.
Gaming firms Nazara, Delta back fantasy sports startup HalaPlay
18 March 2019 8:20 AM GMT
Mumbai-based fantasy sports startup HalaPlay Technologies Pvt. Ltd said it has raised Rs 40 crore ($5 million at current exchange