Sports social fantasy gaming platform Fanspole announced raising pre-seed funding round led by Better Capital and the launch of its fantasy sports app . The startup will utilise the fresh funding for further product development and boost marketing.
A report by KPMG and Indian Federation of Sports Gaming stated that India’s online gaming industry is set to grow at a CAGR of 22% from 2018 to 2023, with e-sports driving major revenue and growth.
The app is designed with the aim that users can create contests with their own rules and play with their friends, fans and followers as well as family without any restrictions. It also aims to create an online community of friends, schools friends, college groups, office colleagues as well as for influencers to engage and extend their connection with their fans.