Fantasy stock gaming app TradingLeagues has raised $3.5 million in pre Series A round led by Leo Capital, along with participation from investors including Jeejeebhoy Family Office and the family office of KP Balaraj (Co-Founder of Sequoia India and Westbridge Capital).
Entrackr had exclusively reported the development in September last year.
With the fresh infusion, TradingLeagues plans to grow its 750K+ user community into the millions over the next few months by focusing on significantly enhancing the user experience of the app, the company said in a press release.
Rain Platforms, a company founded by Upstox founder Raghu Kumar and AGacquisitions founder Harsh Agarwal, builds, owns and operates TradingLeagues which is a socially enabled investing and trading platform at the intersection of fintech and gaming. The platform helps users develop a deep understanding of the stock and crypto markets through 4 game types. These games help users develop specific skills like portfolio building and day trading.
The Bengaluru-based company recently launched weekly ‘Mega Games’ with larger prize pools in games categories that have seen high demand.
While there is no direct competition to TradingLeagues in India, DraftKings and FanDuel are some notable players working in a similar space.