Fantasy Akhada raises $2 Mn in pre-Series A round

Fantasy Akhada, an online fantasy sports platform, has raised $2 Mn in its pre-Series A round led by Prime Securities, Team India Managers Limited, and existing investors such as Jyotivardhan Jaipuria, Harsha Bhogle, Sunil Sood and Atul Kasbekar.

According to the Gurugram-based startup, the funds will be used to enhance its in-house tech capabilities, in user acquisition and retention strategies to ramp up the firm.

Founded by Amit Purohit, Fantasy Akhada is the flagship product of a Fantasy Sports startup. It provides a wide range of game play options to sports fans in this country.

The platform currently offers only cricket and football and has plans to expand to kabaddi and basketball as well. On Fantasy Akhada, users can first hone their skills by playing practice contests. There are public cash contests and private contests on the platform as well.