Delhi based fantasy games Startup FanBall XI has raised 1 million seed from USA based venture capital firm Foxhog ventures Corp. Company is looking to invest the amount in the gaming business mostly focused on fantasy football games, which is becoming the new trend.
Company has been continuously raising funds for most of their Innovation in India and has been actively investing in the field of tech and innovation.
Managing Partner FOXHOG Tarun Kumar Said that “With the new generation of mobile gamers and game Startups in India, there is a wide scope to invest on such platforms. India has around 365 estimated million gamers among 450 million Smartphone users. The country has a frictionless mobile payment system and is now the second-largest global mobile game market. The market has transformed so rapidly but income generated in the market is much smaller, but its growing fast as the demand increases.”
FanBall XI has been founded by Delhi based entrepreneur Vinayak Seth with his partner Anmol.
