· 3x growth in revenue & 2x growth in user base during IPL 2020
· Highest growth comes from Tier 2 & Tier 3 cities
· The funds will be used to aggressively accelerate technological innovation, enhance brand building along with expanding the team
Continuing to grow from strength to strength and establish itself as a crucial player in its industry PlayerzPot, one of the country’s leading online fantasy gaming platforms, has secured fresh funding of approximately $3 million USD. This is the Series A round of investment which the brand plans to utilize in further expanding its verticals, introducing various innovative concepts to enhance user experience, make advancements in RMG and overall brand building.
Looking at redefining the way fans engage with fantasy sports in India, PlayerzPot aims to carve out a niche through a highly responsive and customer-centric approach. Offering users, the best of both worlds, the platform presents them with an immersive experience of excitement and fun along with also focusing on their security and safety, amidst the COVID-19 pandemic.
Started in 2015, PlayerzPot has cemented its position among the top fantasy sports platforms and new users are being added daily in exponential numbers in the framework of an organic growth trajectory. The referral system portal offers a fresh approach to engage gamers and also offers them the opportunity to earn/win money from the comfort of their homes.
Commenting on the occasion, Yogesh Doiphode, Founder, PlayerzPot, said, “The online gaming industry in India is growing tremendously and is expected to multiply at an unprecedented rate. There is huge untapped market potential, and the funds will help the brand scale higher while also paving the way for latest innovations. We, as an online fantasy gaming start-up in India, aim to expand our services and have shifted our vision from being a core fantasy gaming company to becoming the destination platform for complete Real Money Gaming and other casual online gaming enthusiasts. This is just the beginning for the company and we hope to grow aggressively in the online gaming space,” he added.
Mitesh Gangar, Co-Founder, PlayerzPot said, “PlayerzPot has emerged as one of the most-exciting and popular fantasy gaming platforms in recent times. Through this funding, we aim to strengthen our leadership position in the industry. We have received an overwhelming response from the Tier 2 and Tier 3 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.”
PlayerzPot aspires to be one of the best digital fantasy gaming platforms and ensure the highest possible gain for their customers in the most easy, reliable and secure way. The portal offers its users the experience and thrill of fast paced and dynamic gaming.