The online fantasy sports platform Fantasy Akhada, based in Gurugram, has raised roughly $2 million in a pre-Series A round led by Prime Securities, Team India Managers Limited, and previous investors.
Fantasy Akhada plans to use the funds to improve its in–house tech capabilities, be more aggressive with user acquisition and retention efforts, and scale up the company.
Fantasy Akhada, founded by Amit Purohit in January 2020, provides users with a platform to participate in and win fascinating fantasy cricket and football games. The platform will use the new amount of investment to expand into additional sports such as kabaddi and basketball, as well as to increase the prize pool of guaranteed megabucks.
Commenting on the Last round of funding Amit Purohit, Founder of Fantasy Akhada said, “We are absolutely delighted to welcome our new set of investors. Prime Securities has been a true partner for us over the last six months and we could not have asked for a better investment banker on board in this journey.”