HalaPlay Secures Funding From Nazara Technologies

HalaPlay Secures Funding From Nazara Technologies 1

HalaPlay which is an online daily fantasy startup has now secured Rs 40 crore in the funding round led by the Nazara Technologies and Delta Corp India. According to the report which has been revealed, the company has been looking out for the different opportunities in the interactive sports verticals and has also invested in the likes of Mastermind Sports Limited and Moonglabs Technologies.

HalaPlay which was founded in the year January 2017 by the BITS Pilani Alumni with the first product in the field of fantasy sports segment which is also much more focused on the serious sports fans and casuals. The platform covers the football, cricket, Kabaddi leagues and is now also looking to enter into some other sports.

In the press statement Swapnil Saurav, CEO, HalaPlay, said, “Fantasy sports has been on the rise, with the market being estimated to be $1 billion currently and is expected to go up to $5 billion in the next two years. Hence this boost could not have come at a better time ensuring and enabling our growth along with Nazara, and Delta.”

The platform uses real money and claims to have seen a massive growth in its user base as well. In 2018, it had raised investment from the Angel List, Nazara Technologies and Kae Capital.

In a statement shared by the company, Manish Agarwal, CEO of Nazara Technologies Ltd., said, “Nazara invested in HalaPlay in 2017, and we continue to be excited about the growth story of HalaPlay. We are confident that HalaPlay, with this fresh round of funds, will ride the explosive growth of fantasy sports in India.”

Report

Written by Udit Agarwal

Startup/Tech News Correspondent, Responsible for gathering information on the tech companies working on IOT, AI, ML, Cloud, Mobile Technologies,

Udit can be reached at [email protected]

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