On Tuesday, LPL Tournament Director Ravin Wickramaratne confirmed the partnership, saying, “We welcome My11Circle on board as title sponsor for the Lanka Premier League 2020. Their desire to become the league’s headline sponsor is a testimony to the LPL brand.” My11Circle is a fantasy sports platform developed by Games24x7, an online gaming firm based in India….
KPMG, the multinational accounting firm, released a report in which it predicts that the online fantasy sports industry would rise exponentially and become a lucrative investment option in the future. According to the KPMG report, titled ‘Beyond the tipping point- a primer on online casual gaming in India’, the revenue which comes from the online…
Dream Sports, the parent firm of online fantasy gaming platform Dream11, has established an investment arm to help create and scale numerous sports-technology startups. Dream Sports Investment is aiming to invest in both internal and external platforms that are not related to Dream11’s core fantasy game business. To begin, Dream Sports’ investment arm has invested…
Fantasy Akhada, which is sponsored by cricket pundit Harsha Bhogle, is in advanced discussions to fund $5 million (approximately Rs 36.5 crore) in a Series A round. The site, which was launched in January of last year, has so far raised $1 million. This includes a Rs 5 crore loan from Prime Securities, a financing…
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