Margin Funding BiBaazi providers can earn interest by providing funding to traders wanting to trade with leverage. Also Read: Here's Why More Investors Are Turning To the Online Gaming Industry. 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. Photo: Mint Baazi Games to invest $5 million in Indian gaming industry in next six months 1 min read. BiBaazi allows up to 3.3x leverage trading by providing traders with access to the peer-to-peer funding market. Additionally, Baazi Games, the parent organization of RummyBaazi.com, has further strengthened their motives of scaling up operations as they set aside another USD 1 Million for this highly revered platform. Earlier this year, the company had stated that its parent company, Baazi Games had pumped in US$1 million worth of funding. The company will use the funds to strengthen the product and 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. Image credit: “Our expanding userbase is testament to the efforts of RummyBaazi.com to provide its customers with the safest way to play. Baazi Games has also set aside $1 Million nearly (~INR 7.4 Crore) to boost product development and expand its marketing efforts. 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. Telegram Or Signal: Which Will Be India’s Next Favourite Messaging App After Wha... Movers And Shakers Of The Week [January 18 – 23]. All these businesses have been set up in Delhi. The funding received will be utilised to further product enhancements and strengthen the value of trust amongst the user base through its marketing strategies. “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. WinZO Baazi is a format where users choose a game and can join a group of participants. “Baazi Games have been able to create a loyal user base by providing the most seamless and rewarding experience over the years through online poker and fantasy sports. Baazi Games’ RummyBaazi has raised $3 Mn (nearly INR 22 Cr) in seed funding round from early-stage investment firm Udtara Ventures. Can Sachet Plans Help Global OTTs Find Mass Validation In India? 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. “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. Baazi. Baazi Games was founded in 2014. 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.”. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. 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. Baazi Games' latest venture RummyBaazi all set to delight rummy lovers BalleBaazi.com unveils Cricket World Cup 2019 marketing campaign #AbMainBhiCaptain BalleBaazi.com raises $4mn in Series A funding Yuvraj didn't retire! Hence, it was imperative to continue our partnership with one of the fastest-growing brands in the space,” Udtara Ventures’ chairperson Rajiv Chaurasia. 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. 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. 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. Share on. Also Read: 5 Reasons to Invest in the Online Poker Gaming Industry. Also Read: Online gaming in India to be ₹11,900 cr industry by 2023: Report 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.” Founded in 2018 by Chopra, BalleBaazi recently raised $1 million from its parent company 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. 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. The investment firm had previously invested $2 Mn in BalleBaazi in 2019. In order to enhance the experience for our users, we expanded our product line by introducing RummyBaazi.com.”. The company also expanded its card games vertical by launching RummyBaazi.com. BalleBaazi was also in the news when it raised $4 Mn in Series A funding from private equity funds in July 2019. The company will use the new funds to strengthen the product and marketing strategies. Moreover, the … 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. Here's Why More Investors Are Turning To the Online Gaming Industry, Gaming Platforms Rejoice, Witness Massive Surge Amidst Covid-19, 5 Reasons to Invest in the Online Poker Gaming Industry, Inficold Raises INR 6.5 Cr From RVCF And Other Investors, MailModo Raises $270,000 In A Pre-Seed Round Led By Titan Capital, Furlenco Raises INR 20 Cr Venture Debt From BlackSoil Capital, AlphaICs Bags $8 Mn In Series B Round Led By Emerald Technology Ventures and Endiya Partners, CRED Founder Kunal Shah Invests In Former OnePlus Co-founder Carl Pei's New Venture. With the fresh funding, RummyBaazi aims to advance its product enhancements and strengthen user’s trust through its marketing strategies. BalleBaazi, an online fantasy gaming platform, has raised $4 million in Series A funding round from two private equity funds based out of Singapore and Delhi. Delhi-based Baazi Games said on Thursday that it has raised a seed round of $2 million from its existing investor Udtara Ventures for its RummyBaazi platform, and Baazi Games will infuse another $ 1 million to expand its Rummy platform in India. RummyBaazi: Online gaming platform RummyBaazi has raised $3 million in a funding round led by its existing backer 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. Prior to this round of investment seeding, RummyBaazi.com was valued at a pre-money evaluation of USD 14 Million. It also plans to introduce more games under the umbrella of fantasy gaming, thus engaging with audience across different genres of sports, the company said. BalleBaazi.com had a strong capital support right from the start. 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. Overtime, the company has launched two more real money games (RGMs)—fantasy sports (BalleBaazi) and rummy (RummyBaazi) in the year 2018 and 2019, respectively, to cater to the rapidly increasing appetite for online gaming. RummyBaazi CEO Warriach said, “Baazi Games has been able to create a loyal user base by providing the most seamless and rewarding experience over the years through online poker and fantasy sports. Leading Baazi Games’ latest venture since 2019, Sunit Warriach, CEO, RummyBaazi.com has created ripples in the Online Gaming Industry with the emergence of the brand as one of the most sought-after skill-based gaming platforms in the country. Earlier this year, Baazi Games had invested $1 Mn in its fantasy cricket vertical, BalleBaazi.com. This is Udtara Ventures’ second investment in the BaaziGames Network. Providing such a platform to a sports-obsessed nation is where Baazi Games played its trump card. RummyBaazi.com will use the capital to boost product development and expand its marketing efforts, the New Delhi-based company said in a statement. Navkiran Singh, … RummyBaazi was incorporated in 2019 and has been able to scale its operations to accommodate 500K (5 Lakh) players so far. Your browser is currently blocking notification. Resonating with its growth and expansion plans, BalleBaazi.com had recently received a funding of USD 1 million from Baazi Games, its parent company. BalleBaazi.com raised Series A funding of $4 million from two external investors in July 2019. Kolkata-based online gaming startup Baazi Games was launched in 2014 by Navikaran Singh. Excited, and looking forward to the amazing journey ahead of us,” said Rajiv Chaurasia, Chairman, Udtara Ventures. 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. 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. Before this round of funding, RummyBaazi was valued at USD 14 million, said the company. RummyBaazi.com was valued at USD 14 Million before this round of funding. “We have scaled up our investment in RummyBaazi.com. 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. 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. Online Cricket Fantasy gaming platform BalleBaazi has raised $4 Mn in a Series A funding from Snap Angel Tech & Singapore-based investor. Of the total funding, Baazi Game has set aside $1 million, while its existing investor Udtara Ventures pumped in $2 million seed capital. BalleBaazi, which was founded in 2018, offers a gaming platform to cricket enthusiasts where they can apply their cricket knowledge and skills to create their own virtual team of cricket players and simultaneously earn points based on the real-world performance of these players. Of the total funding, Baazi Game has set aside $1 million, while its existing investor Udtara Ventures pumped in $2 million seed capital. 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. Play Texas Hold'em and Pot Limit Omaha poker games tournaments in India to Win Cash Prizes daily only. Even parent company Baazi Games has set aside $1 Mn nearly INR 7.4 Cr) to boost product development and expand its marketing efforts. Recently, BalleBaazi.com had received funding of USD 1 million from Baazi Games, its parent company. Also Read: Gaming Platforms Rejoice, Witness Massive Surge Amidst Covid-19. Online gaming platform RummyBaazi has raised USD 3 million through a mix of seed funding and capital infusion from its parent organization Baazi Games. RummyBaazi. RummyBaazi.com is Baazi Games’ specialised arm that offers an exclusive, safe, and secure online rummy gaming experience to more than 5 lakh players within a year of its inception. But in-game drama is not all. Let the business resources in our guide inspire you and help you achieve your goals in 2021. Rummy-focussed gaming platform RummyBaazi.com, operated by Baazi Games, has raised $2 million (about Rs 14.9 crore) in seed funding from early-stage venture capital fund Udtara Ventures. Copyright © 2021 Entrepreneur Media, Inc. All rights reserved. Resonating with its growth and expansion plans, BalleBaazi.com had recently received a funding of USD 1MN from Baazi Games, its parent company. Decoding India’s $10.6 Bn eHealth Opportunity, Union Budget 2021: Crypto Startups Seek Clarity On GST, Taxation On Earnings. Indian gaming company Baazi Games, owner of fantasy cricket game BalleBaazi, is planning to invest $5m (€4.5m) in new games-related companies. Leading Baazi Games’ latest venture since 2019, Sunit Warriach, CEO, RummyBaazi.com has created ripples in the Online Gaming Industry with the emergence of the brand as one of the most sought-after skill-based gaming platforms in the country. While Udtara infused $2 million, the rest of the amount was invested by RummyBaazi’s parent entity, Baazi Games. "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. RummyBaazi.com has raised USD 2 Million from Udarta Ventures in a seeding round, and has been infused with another USD 1 million from its parent company Baazi Games to strengthen the product portfolio of the rummy platform. “The investment is planned to take place during the next six months. Delhi-based Baazi Game was founded in 2014 by Navkiran Singh with poker as the first game offering. 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. 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. Baazi Games, founded in 2014, is a pioneer gaming company in India that operates several online games. In 2017, Baazi Games raised $6 million and the very next year it bagged $5 million from a UK-based firm. It also has other subsidiaries like BalleBaazi and poker-based PokerBaazi, along with RummyBaazi. RummyBaazi has infused a total of $3 Million to expand its footprint in the country. 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. Former Indian cricketer Yuvraj Singh has been signed as the brand ambassador of the startup. Play Poker Games Online in India for Real Money at PokerBaazi. Updated: 05 Feb 2020, 10:05 PM IST Himanshu Dhingra. Baazi Games represents the classical triumph of an amazing idea- that the winner should determine his top prize. 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,” Singh added. Powered by Baazi Games free-entry-tournaments Blog Responsible Gaming Deposits & Withdrawals 24/7 Customer Support. Exclusive industry analysis, provocative insights, & deep dives for Inc42 Plus Members. Navkiran Singh, Founder, and CEO at Baazi Games, also shared his views on the development, stating, “BalleBaazi has played witness to a tremendous surge in growth during the recently concluded IPL and ICC World Cup 2019. "Baazi Games has played a major role in revolutionizing the way card games and fantasy sports are played in the country today. Earlier in 2019, Udtara capital had invested USD 2 million in Baazi Game’s fantasy sports arm BalleBaazi.