Tag Archives: india

Gaurav Assomull: Livepools – Fantasy numbers a realistic goal in India

Livepools

Growing player numbers from 300,000 to 10 million in just two-and-a-half years may seem like an impossible goal for any business, but as Gaurav Assomull of fantasy sports platform LivePools explains, conditions in India are right for exactly that kind of expansion. The continuing lack of regulated online gambling markets in all but two of India’s 36 states and union …

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Vereeni backs Indian DFS enterprise Nostragamus

Industry venture capital fund Vereeni Investments has confirmed a ‘seven-figure’ investment in fast-growth Indian fantasy sports app ‘Nostragamus’. Vereeni undertakes its enterprise investment in Nostragamus, participating in a funding round led by Mumbai-based investment bank Incorp Advisory. In its investment notes, Vereeni underlines Nostragamus popularity with Indian sports fans, which seen its app record +5 million downloads to date, whilst …

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AGTech eyes First Captains fantasy growth through Kabaddi

Kabaddi

AGTech has added new Kabaddi games to daily fantasy sports (DFS) site First Captains, which sits on the popular Paytm First Games platform. Formerly known as Gamepind, Paytm First Games is a gaming destination running as a joint venture (JV) between Paytm as operator and AGTech Holdings as the technical service and sports content provider. Charlie Zhang, Vice President of …

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Paytm targets number 1 fantasy sports status in India

Paytm

Having rebranded its gaming platform from Gamepind to FirstGames, parent company Paytm has set about delivering India’s number one fantasy sports destination. The fintech firm is also looking to raise $30 million to fund the continued expansion of the platform – a joint venture with AGTech Holdings Limited. Despite only launching in February 2018, it reached over 30 million users …

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Sportito launches fantasy platform in India

Fantasy sports platform Sportito has bolstered its position in the Indian market after attracting over 500 registrations to its Sportito India platform in its first 2 hours of operation. The platform has attributed its recent uptake in followers to the  fantasy contest on the ICC Cricket World Cup, which has just started. While operating in the new market, Sportito India …

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Indian DFS scene faces GST tax conundrum

Indian business news sources have reported that the nation’s tax authorities are revising how to charge a ‘goods and services tax (GST)’ on the burgeoning Indian daily fantasy sports (DFS) industry. State level tax authorities are said to be reviewing whether to charge DFS operators on GST applicable to net commission earned from DFS games and prize pools, or whether …

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Dream11 valued at $1bn after recent Steadview investment

Indian fantasy sports gaming platform Dream11 has become the first gaming company in India to join the exclusive ‘unicorn club’, after Hong Kong-based Steadview Capital bought an undisclosed stake in the startup, valuing the company at over $1bn. Investment from Chinese online gaming giant Tencent, along with others, also resulted in a $100 million funding round which significantly helped the …

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6 of the Best – FSB’s Richard Thorp

Blonk 6OTB

This week’s 6 of the Best comes from FSB’s Business Development Director Richard Thorp. Continue reading to discover which Premier League team recovered from a nightmare start to a more than pleasing finish in 2017/18, why the delights on India are highly recommended and why you should never be left thinking “what good has John Cusack done for me.” Best …

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La Liga aims to become India’s most popular football league with new Facebook partnership

La Liga has chosen to partner with Facebook, as Spain’s top flight football league seeks to significantly expand its profile within the Indian sub-continent. Beginning this weekend, La Liga will stream all season 2018/19 matches (total 380 matches) on Facebook’s social media platform, making its content available to audiences in India, Afghanistan, Bangladesh, Bhutan, Nepal, Maldives, Sri Lanka and Pakistan. …

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Sportradar’s Lorenzo Caci: The best bet for curbing illegal activity in India

India - Copyright: corund / 123RF Stock Photo

Last month, the Law Commission of India (LCI) found that arguments in favour of relaxing the country’s gambling ban far outweigh those highlighting its immorality. As things stand, gambling in India is heavily restricted except for selective categories such as lotteries and horse racing. However, the LCI’s 267th report recommended the full legalisation of regulated betting and gambling activities, albeit …

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