Angel Investments
Fantasy sports startup Fantasy Akhada raises $2-M
Gurugram-based Fantasy Akhada, an online fantasy sports platform, has raised about $2 million in a pre – Series A round through 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) also participated in this round. Prime Securities Limited was an exclusive Investment Banker to this transaction. Fantasy Akhada provides users a platform to play and win exciting contests in fantasy cricket and football. Besides expanding to other sports like kabaddi and basketball, the platform will use the fresh round of funding to enhance the prize pool of guaranteed mega contests. Fantasy Akhada will also use the funding to focus on enhancing its in–house tech capability, user acquisition, retention strategies, and for scaling up the organisation.
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