Real Money Gaming Startup ‘FanPlay’ Raises Seed Funding
Delhi-based startup FanPlay has raised an undisclosed amount in a seed funding round from Redcliffe’s Dheeraj Jain, Anupam Mittal, Core91 Fund led by Shalin Shah, LetsVenture platform (via the 100x Entrepreneur Syndicate) and other marquee angel investors.
As per the startup, the funding bolsters its position to ace the product-market fit and scale its operations in the coming months.
Founded by Bharat Gupta and Pritesh Kumar, FanPlay is a Delhi-based real money gaming startup that is building a platform for hosts from across the globe to host live, video-based, real-money contests and games.
These games include skills-based games such as quizzes and trivia.
Talking about real money gaming, Bharat Gupta, Co-founder and CEO of FanPlay, said,
“The days of passive consumption are over. Active participation is the new way for content consumption. Consumers don’t just watch TV or video on their phones, they want to participate. Best example is the IPL. People just don’t sit behind the TV- they play games (at times multiple) related to the match they are watching. This active participation is clear from the massive demand for products like the Hotstar’s Watch and Play or Fantasy Sports like the Dream11 and MPL.”
Being the latest entrant in the real money gaming segment, FanPlay is looking to have over five lakh users on its app by the end of this year.
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