BalleBaazi receives $1 mn fund infusion from parent company
MUMBAI: Online cricket fantasy gaming platform BalleBaazi has received a funding of $1 million from Baazi Games, its parent company. With this development, Baazi Games has consolidated its majority stake in the company.
Since its inception BalleBaazi has cemented its position among the top fantasy cricket platforms and boasts of around a million users per month, engaging on the platform. With a commitment to redefine fantasy sports in India, BalleBaazi plans to utilize the funds to further expand its verticals and introduce various innovative concepts to enhance the user experience.
Commenting on the occasion, Baazi Games CEO Navkiran Singh said, “Baazi Games have recently invested USD 1 million in BalleBaazi owing to the tremendous scope in the segment of fantasy sports in India. We, as an online gaming startup in India aim to expand our services at a time when the industry is witnessing a massive rise in numbers.”
BalleBaazi has been launching several exciting leagues to induce the online gamers and has been a go-to platform for every cricket enthusiast in the country. Leveraging the IPL fad in the country, the gaming company has also come up with leagues pertaining to IPL this season.
BalleBaazi Co-Founder & CEO Saurabh Chopra remarked, “We are happy to strengthen our bond with the Baazi Games. BalleBaazi has come a long way in the last year since its inception and this association has definitely helped us. Both the companies share the same DNA with ‘Player First’ as our primary approach.”