MUMBAI: Online daily fantasy sports startup HalaPlay has secured Rs 400 million in the funding round led by the Nazara Technologies and Delta Corp India.
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.
In a 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.
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.”
