Event trading startup Better Opinions has raised over $1 million in its pre-seed round from Y Combinator, Java Capital, Soma Capital, and angels such as Mayank Kumar, Co-founder, UpGrad, Sudhanshu Raheja, Head of Product and Engineering, GoTo Financials (Gojek-Tokopedia), Pratyush Prasanna, SVP, Gojek, Chinmaya Sharma, Chief Commercial Officer Namshi and the Ranadive Family, the co-owners of Sacramento Kings.
The funds raised will be used to build and expand the product and tech team, grow the existing user base and educate the users about events trading, said Better Opinions in a press release.
Founded in 2021 by Samay Jain and Soumyajit Das, Better Opinions is an event trading platform that allows users to trade their opinions on events in various categories such as cricket, football, finance and entertainment, and allows users to trade on events while matching them with a person with a complimentary trade.
The platform launched its Real Money Gaming App “RMG App” in December last year and within a month of its launch claimed to have seen 150K sign ups with a week on week (WoW) growth of 30%.
Gurugram-based Better Opinions has been shortlisted for W22 batch of Y Combinator.