Better Opinions, a Y-Combinator backed skill-based gaming startup, has raised over $1 million in a pre-seed round from Y Combinator, Java Capital, Soma Capital, and several angel investors.

Mayank Kumar (Co-founder of UpGrad), Sudhanshu Raheja (Head of product and engineering at GoTo Financials), Chinmaya Sharma (Chief commercial officer), Namshi and the Ranadive Family (the co-owners of Sacramento Kings) also participated in the funding round.

As per the startup, the freshly raised funds will be used to build and expand the product and tech team, grow the existing user base and educate the users about events trading.

Better Opinions | Event Trading Platform

Founded by Soumyajit Das and Samay Jain in 2021, Better Opinions is a Gurugram-based event trading platform that allows users to trade their opinions on events in various categories such as cricket, football, finance, and entertainment. The platform allows users to trade on events while matching them with a person with a complimentary trade.

As per the startup, its Real Money Gaming App “RMG App”, which was launched in December last year, has seen 1.5 lakh sign-ups within a month of its launch, witnessing a week on week growth of 30%.

Speaking about the development, Samay Jain, Co-founder and CEO of Better Opinions, said,

“Our aim is to make the app inclusive for all. The stock market, unfortunately, can be very technical and opaque and therefore isn’t always accessible for all. However, when we start allowing trading in categories such as cricket, politics and entertainment, not only do we make trading more relatable, but we also help improve their financial literacy.” 

Many industry experts believe that gaming and e-sports are going to be the next big thing. And as India offers a lot of opportunities, this segment is growing fast.

Recently, South Korean gaming company KRAFTON invested in Nautilus Mobile, a mobile game development studio owned by JetSynthesys. As per a report by Lumikai and Redsee, from 80 million gamers in 2020, paid gamers in India are set to become ~235 million in 2025, showing the growth of increasing gaming users.

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