VC Fund Investments
Fantasy stock gaming app TradingLeagues raises $3.5 M from Leo Capital, others
Bengaluru-headquartered fantasy stock gaming application TradingLeagues has raised USD 3.5 million in a pre-Series A funding round led by Leo Capital, along with participation from Jeejeebhoy Family Office and the family office of KP Balaraj (co-founder of Sequoia India and Westbridge Capital). The firm will use the fresh funds to grow its user community and enhance the user experience on the app. Launched in December last year, the gaming app is operated by Rain Platforms Inc, started by Raghu Kumar (co-founder, Upstox) and Harsh Agarwal (co-founder, AGacquisitions). The app allows users to play on free and paid fantasy trading leagues, test predictions and indicators, apply investment strategies, or develop skills to trade in the equity markets. It focuses on Indian and US stocks and the crypto market. Besides the platform/entry fee, the app earns by taking a percentage of the competition's prize pool.
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