Venture Intelligence (TSJ Media Pvt. Ltd.)
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Fantasy Akhada in talks to raise fresh funds
Fantasy Akhada, endorsed by cricket commentator Harsha Bhogle, is in talks to raise fresh funds. The Gurugram-based fantasy gaming platform aims to raise a Series B funding round between USD 40-50 million. Existing investors, including Prime Securities, a Mumbai-based investment banking firm, will also participate in the round. Founded by Sumit Jha, the startup lets users assemble a team of their favourite players for an entire Premier League Season. The funds will be used to expand the company's sports streaming arm (VU Sports), among other products.
From the Venture Intelligence Angel Investments Database: Between Sep 20 and Sep 21, Fantasy Akhada raised over USD 2.5 M from Prime Securities, Team India Managers Limited, and angel investors including Jyotivardhan Jaipuria (ex-Bank of America Merrill Lynch), the family of Harsha Bhogle (renowned cricket commentator), Sunil Sood (ex-MD & CEO, Vodafone), and Atul Kasbekar (photographer/producer). Nikunj Doshi (Managing Partner - Bay Capital)
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.