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From the signing-up of Yuvraj Singh as the brand ambassador to securing a USD 4M funding, we are all padded-up for game-defining performance in times to come.” Indian Startups, Entrepreneurship, News, Resources & More, The amount was raised from Udtara Ventures, who is an investor in BalleBaazi, The funding will be used to boost product development and expand its marketing efforts, RummyBaazi has been able to scale its operations to accommodate 500K in one year, Delhi-based Baazi Games’ latest gaming venture RummyBaazi has raised $3 Mn (nearly INR 22 Cr) in seed funding round from early-stage investment firm Udtara Ventures at a pre-money valuation of $14 Mn. RummyBaazi. Image credit: Copyright © 2021 Entrepreneur Media, Inc. All rights reserved. Also Read: Gaming Platforms Rejoice, Witness Massive Surge Amidst Covid-19. “As the country is continuously increasing its consumption of online gaming, it becomes essential for platforms like RummyBaazi.com to expand their product portfolio to cater to the audience’s needs… Given the scenario, we feel this is the perfect time to strengthen our game in the country and we’re glad that Udtara Ventures saw potential in our ideas to scale it further,” said Navkiran Singh, Founder and CEO of Baazi Games. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Exclusive industry analysis, provocative insights, & deep dives for Inc42 Plus Members. Baazi Games claims to have served over 50 lakh users so far, with RummyBaazi alone having catered to more than 5 lakh players within a year of its inception. Additionally, Baazi Games, the parent organization of RummyBaazi.com, has set aside another $1 million and the platform will use the total of $3 million to expand its footprint in the country. Also Read: Online gaming in India to be ₹11,900 cr industry by 2023: Report Online gaming platform RummyBaazi has raised USD 3 million through a mix of seed funding and capital infusion from its parent organization Baazi Games. Prior to this round of investment seeding, RummyBaazi.com was valued at a pre-money evaluation of USD 14 Million. It’s successful Series-A funding saw around USD 4 million being pumped from two private equity firms based out of Singapore and New Delhi. Baazi Games has now secured a seed funding round of $2 million from its existing investors, which includes the Udtara Ventures for its RummyBaazi Platform, and Baazi Games will invest another $1 million to expand its Rummy platform in India. "BalleBaazi has played witness to a tremendous surge in growth during the recently concluded IPL and ICC World Cup 2019,” Navkiran Singh, Founder & CEO at Baazi Games said in a statement. Play Poker Games Online in India for Real Money at PokerBaazi. Margin Funding BiBaazi providers can earn interest by providing funding to traders wanting to trade with leverage. While Udtara infused $2 million, the rest of the amount was invested by RummyBaazi’s parent entity, Baazi Games. Of the total funding, Baazi Game has set aside USD 1 million, while its existing investor Udtara Ventures pumped in USD 2 million seed capital. BalleBaazi.com had a strong capital support right from the start. Can Sachet Plans Help Global OTTs Find Mass Validation In India? Digital Lending Or Insurance Tech: Which Will Be The Most Favoured Fintech Subse... [The Outline By Inc42 Plus] Online Lending’s Regulatory Dilemma, Stringent Changes In Ecommerce FDI Policy Incoming, Piyush Goyal Tells CAIT. Navkiran Singh, Founder & CEO, Baazi Games, added, “BalleBaazi has played witness to a tremendous surge in growth during the recently concluded IPL and ICC World Cup 2019. Commenting on the same, Singh, founder and CEO, Baazi Game said “As the country is continuously increasing their consumption of online gaming, it becomes essential for platforms like RummyBaazi.com to expand their product portfolio to cater to the audience needs.”. Earlier this year, Baazi Games had invested $1 Mn in its fantasy cricket vertical, BalleBaazi.com. Online Cricket Fantasy gaming platform BalleBaazi has raised $4 Mn in a Series A funding from Snap Angel Tech & Singapore-based investor. BalleBaazi was also in the news when it raised $4 Mn in Series A funding from private equity funds in July 2019. Also Read: Here's Why More Investors Are Turning To the Online Gaming Industry. “We have scaled up our investment in RummyBaazi.com. Delhi-based Baazi Games’ latest gaming venture RummyBaazi has raised $3 Million (~INR 22 Crore) in seed funding round from investment firm Udtara Ventures at a pre-money valuation of $14 Million. Recently, BalleBaazi.com had received funding of USD 1 million from Baazi Games, its parent company. Our investment of $5 million in the Indian gaming industry will further catalyse the growth of the industry and pave way for newer innovations," Baazi Games founder and CEO Navkiran Singh said. Moreover, the … Baazi Games revealed that it has now planned to pump in $5 million in the Indian gaming industry by investing in gaming startups and towards the development of technology. WinZO hosts 70+ games on a single platform across multiple formats in 12+ regional languages and 60% of content on our platform is consumed in non-English languages.. WinZO Baazi. Having started with its first gaming product, PokerBaazi.com, Baazi Games has also launched subsidiary gaming platforms such as BalleBaazi.com, a cricket fantasy game and RummyBaazi.com, based on the traditional Indian card game. RummyBaazi.com will use the capital to boost product development and expand its marketing efforts, the New Delhi-based company said in a statement. The team has been part of the Real Money Gaming space for over a decade now, and we believe that their knowledge and industry experience will help Baazi Group to emerge as a market leader with a unique position as a full-stack RMG platform. The company, in its press statement, highlighted, “operates with its guiding principle of ‘user-first’ offering a seamless and 360-degree experience of online gaming on the highly secure platform without compromising speed or fun.” The company was set up by Singh and is led by CEO Sunit Warriach. All these businesses have been set up in Delhi. With the fresh funding, RummyBaazi aims to advance its product enhancements and strengthen user’s trust through its marketing strategies. The platform raised $2 Million through a round of seeding from Udtara Ventures after the conglomerate gained confidence in Baazi Games’ ventures post their investment of $2 Million in BalleBaazi in 2019. Even parent company Baazi Games has set aside $1 Mn nearly INR 7.4 Cr) to boost product development and expand its marketing efforts. Decoding India’s $10.6 Bn eHealth Opportunity, Union Budget 2021: Crypto Startups Seek Clarity On GST, Taxation On Earnings. WinZO Baazi is a format where users choose a game and can join a group of participants. BalleBaazi, the fantasy sports brand that is part of the Baazi Games umbrella (which includes poker website PokerBaazi and online rummy portal RummyBaazi) has for the first time raised a funding round from external investors. Hence, it was imperative to continue our partnership with one of the fastest-growing brands in the space,” Udtara Ventures’ chairperson Rajiv Chaurasia. Excited, and looking forward to the amazing journey ahead of us,” said Rajiv Chaurasia, Chairman, Udtara Ventures. “Our expanding userbase is testament to the efforts of RummyBaazi.com to provide its customers with the safest way to play. In order to enhance the experience for our users, we expanded our product line by introducing RummyBaazi.com and through our hard work and constant endeavour we have been successful in making it one of the most rewarding online rummy platforms in the country,” said Sumit Warriach, CEO, RummyBaazi. “We have been part of this journey for the last couple of years, with an increasing user base backed by high player retention has reaffirmed our thesis about the sector. Powered by Baazi Games free-entry-tournaments Blog Responsible Gaming Deposits & Withdrawals 24/7 Customer Support. We offer superlative online gaming experiences across three distinct verticals (as Poker, Rummy, and Fantasy Cricket) and you are free to play in or more of them as per your choice. Telegram Or Signal: Which Will Be India’s Next Favourite Messaging App After Wha... Movers And Shakers Of The Week [January 18 – 23]. The company also expanded its card games vertical by launching RummyBaazi.com. Baazi Games, founded in 2014, is a pioneer gaming company in India that operates several online games. The funding received will be utilised to further product enhancements and strengthen the value of trust amongst the user base through its marketing strategies. Indian gaming company Baazi Games, owner of fantasy cricket game BalleBaazi, is planning to invest $5m (€4.5m) in new games-related companies. Reliance Jio Platforms Profit Grows 15% IN Q3 FY21; ARPU Climbs To Ove... Amazon Clarifies Frontizo Common Director Issue In Karnataka HC, Zomato Acquires Sports Discovery Startup Fitso For Over 80 Cr, [The Outline By Inc42 Plus] India Inc Fights Bigtech, [The Outline By Inc42 Plus] Cybersecurity Falls By The Wayside, Inc42 Shots | 7 Mantras For Becoming A Successful Entrepreneur, Inc42 Shots | Trends The Fintech Industry Will Witness In 2021. The company will use the funds to strengthen the product and marketing strategies. Updated: 05 Feb 2020, 10:05 PM IST Himanshu Dhingra. Share on. Earlier in 2019, Udtara capital had invested USD 2 million in Baazi Game’s fantasy sports arm BalleBaazi. Baazi Games’ RummyBaazi has raised $3 Mn (nearly INR 22 Cr) in seed funding round from early-stage investment firm Udtara Ventures. PokerBaazi was launched in 2014 as an online poker room that offers their company users a chance to play poker professionally and win from others. 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