The online platform for fantasy games the Fantasy Akhada has announced that its parent company Super Six Sports has secured an amount of 11 million US dollars in a fresh round of funding on Friday, 10th March 2023.
About Fantasy Akhada’s Fundraise
The Funding round for the fantasy gaming platform was led by the growth –staged private equity company focused on the technology based companies, the Florintree Advisors. Besides, the company also witnessed the participation of the company’s existing investors including the founder of the non-government investment company Param Capital Research Pvt Ltd Mr. Mukul Agrawal and the family office of the Grandhi Mallikajuna Rao or the GMR Group he Varalakshmi Enterprises.
The company has secured the total of 20 million US dollars by securing the 11 million US dollars through funding.
The Firm wishes to utilise the freshly secured funds raised from the freshly round of funding in intensifying the position of the company in the top brands of fantasy gaming. Also, the company wishes to design and create technology based products of best quality. Besides, the company plans to release a new brand which is based on content, streaming and analytics.
With respect to the fund raised from the recent funding round the Chief Executive officer of the company Super Six Sports Group has stated in his statement that the company has made a milestone by experiencing the operational profitability in the month of January this year. This has lead the firm to introduce new brands which will intensify the sports culture in the country. The CEO also added saying that the funds raised from the current funding round will be of a great help for the company to execute its plans.
About the Company Fantasy Akhada
The online gaming platform Fantasy Akhada was established in the year 2020 by the co-founders Mr Amit Purohit, Mr.Ankit Upreti, Mr. Pratik Gosar, Mr. Sumit Jha, Mr. Sahil Ahuja and Mr. Amit Bhardwaj. The headquarters of the company is based in Gurugram, Haryana.
The company provides the best quality of services to its customers and also has the best schemes for retention and acquisitions which has made the company to stand out from others in the market. The recent valuation of the company accounts to 135 million US dollars.
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