Exclusive: Former Accel and GoTo executives raising funds for prediction market startup Agara

Prediction markets startup Agara is in talks to raise over $7 million in a new funding round, according to sources aware of the discussions.

“Accel will invest in the round,” said one person familiar with the matter, adding that discussions are ongoing and terms could still change. “The company is seeking a post money valuation of around $25 million.”

Founded by Nikhil Ramesh and Manasjoti Saloi, Agara is building an opinion sharing and prediction markets platform that allows users to earn money by predicting outcomes of future events. The platform is expected to enable participation across categories such as sports, entertainment, politics, weather, culture, technology and crypto.

The founders bring experience across AI and large scale consumer products. Ramesh previously worked as an AI Resident at Accel between March and November 2025. Saloi earlier served as vice president of product management at GoTo Group for over six years, where he led products across transport, consumer logistics, GoShop, Kilat and GoCorp, and also managed grocery and other consumer offerings.

Sources said the company plans to primarily focus on Southeast Asia, while building a platform designed for broader global participation.

The platform is also expected to support features including local and contextual markets, along with formats such as parlays and leverage.

Responding to Entrackr’s queries, Ramesh said that the facts are incorrect. Accel did not respond to queries sent last week.

The development comes amid tighter regulatory scrutiny in India’s real money gaming and opinion trading space. In August, several platforms including Probo, Gameskraft, MPL, My11Circle and Zupee shut down their real money operations in India following regulatory action.

Globally, opinion trading and prediction market platforms have gained traction in markets with clearer regulatory frameworks. Companies such as Kalshi and Polymarket have seen growing adoption for event based trading, while other platforms have experimented with market driven models to capture collective sentiment around future outcomes.