Web3 creator monetisation platform Fanztar raises Rs.5-Cr led by India Quotient

Delhi-based Fanztar, a blockchain-based creative monetisation platform, has raised INR 5 crore in a funding round led by India Quotient. Angel investors in the round included ShareChat founders Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan, as well as Sarthak Misra, SoftBank India's investment director, Manohar Charan (ShareChat's CFO), and Tarsame Mittal, founder of TM Ventures. Fanztar plans to use the funds to develop new products and expand its technological and commercial teams. Fanztar will also use the capital for product innovation and launching the product in the market. The company wants to leverage utility-based nonfungible tokens (NFTs) for creator monetisation and blockchain-based tools to ensure transparency and accountability.