# Fanbuff Esports India Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fanbuff-esports-india-private

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.fanclash.in
- Total disclosed funding: $50M
- Latest round: Series B (Jun 17, 2022)
- Investors on record: 4

## About

Fanbuff Esports India Private Limited offers a specialized platform for fantasy sports enthusiasts, enabling them to create and manage fantasy teams while engaging in real-time gameplay across various sports, primarily cricket and football.Founded in 2020 in Mumbai, India, Fanbuff Esports India Private Limited is focused on the fantasy sports sector. The company has not undergone any significant strategic pivots or changes in operations. The founders, Ansh Jain, Asmita Gupta, Richa Singh, Rishabh Bhansali, and Udit Jain, bring diverse expertise and backgrounds to the enterprise. In June 2022, the company raised USD 40 mn in Series B funding led by Alpha Wave Global, with participation from Info Edge Ventures, Sequoia Capital, and new investor Polygon Technology. This round brought the total amount raised to USD 40 mn.Fanclash specializes in providing an innovative platform designed for fantasy sports enthusiasts, allowing users to engage in fantasy gaming experiences across various sports, including cricket and football. The core product offering revolves around a user-friendly interface that simplifies the process of creating and managing fantasy teams, alongside features that facilitate real-time engagement during games. The platform aims to solve the challenges of fan engagement and sports interaction by providing users with a dynamic environment to compete against one another, enhancing their overall experience of following their favorite sports and teams. Fanclash serves a diverse customer base, including avid sports fans, casual gamers, and competitive players, primarily targeting users in India and other major cricket-loving nations such as Australia and the United Kingdom. The platform was officially launched to the public in 2020, positioning itself as a significant player in the rapidly growing fantasy sports market.In the most recent year, 2023, Fanclash reported a revenue of USD 0 mn, with an EBITDA amounting to -USD 256,392.2.The company plans to utilize the USD 40 mn raised in Series B funding to enhance its platform by adding more talent and improving user experience. Future initiatives include the launch of new features aimed at increasing user engagement and expanding into additional markets, specifically targeting cricket-loving regions such as Australia and the United Kingdom by the end of 2023.

## Funding rounds

- Series B, Jun 17, 2022, $40M — Hong Shan, Alpha Wave Global, InfoEdge Ventures, Polygon Technology
- Series A, Aug 31, 2021, $10M — Hong Shan, Alpha Wave Global, InfoEdge Ventures

## Investors

- Hong Shan — Series A, Series B
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series A, Series B
- InfoEdge Ventures (https://capitalatlas.ai/funds/infoedge-ventures) — Series A, Series B
- Polygon Technology — Series B