Fantasy gaming platform PlayerzPot has raised around $3 Mn in its Series A round of funding. Sources close to the company refused to reveal the names of the investors.The startup plans to use the fresh round of funds to expand its verticals and introduce concepts to enhance user experience, make advancements in RMG, and its overall brand building.
PlayerzPot was co-founded in 2015 by Yogesh and Mitesh Gangar. The startup has recorded 3x growth in its revenue and 2x growth in its user base during IPL 2020. According to a statement issued by the startup, it has recorded its highest growth from Tier II and Tier III towns and cities of India.
Co-founder Mitesh said, "Through this funding, we aim to strengthen our leadership position in the industry. We have received an overwhelming response from the Tier II and Tier III cities and the popularity of the platform among the core fantasy segment is constantly rising, which according to me shows the mettle of the entire company. Our vision is to become the best destination in India for games of skill and we are confident about the bright future of this segment.”