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. Updated: 05 Feb 2020, 10:05 PM IST Himanshu Dhingra. 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. Excited, and looking forward to the amazing journey ahead of us,” said Rajiv Chaurasia, Chairman, Udtara Ventures. 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.com will use the capital to boost product development and expand its marketing efforts, the New Delhi-based company said in a statement. 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. 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. Earlier this year, Baazi Games had invested $1 Mn in its fantasy cricket vertical, BalleBaazi.com. Moreover, the … Baazi Games represents the classical triumph of an amazing idea- that the winner should determine his top prize. Exclusive industry analysis, provocative insights, & deep dives for Inc42 Plus Members. “We have scaled up our investment in RummyBaazi.com. Also Read: Gaming Platforms Rejoice, Witness Massive Surge Amidst Covid-19. Even parent company Baazi Games has set aside $1 Mn nearly INR 7.4 Cr) to boost product development and expand its marketing efforts. This is Udtara Ventures’ second investment in the BaaziGames Network. In order to enhance the experience for our users, we expanded our product line by introducing RummyBaazi.com.”. Copyright © 2021 Entrepreneur Media, Inc. All rights reserved. BalleBaazi.com raised Series A funding of $4 million from two external investors in July 2019. Recently, BalleBaazi.com had received funding of USD 1 million from Baazi Games, its parent company. 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. 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. 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. 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. “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. 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. The company will use the funds to strengthen the product and marketing strategies. Navkiran Singh, … “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. The investment firm had previously invested $2 Mn in BalleBaazi in 2019. Also Read: 5 Reasons to Invest in the Online Poker Gaming Industry. RummyBaazi: Online gaming platform RummyBaazi has raised $3 million in a funding round led by its existing backer Udtara Ventures. Play Texas Hold'em and Pot Limit Omaha poker games tournaments in India to Win Cash Prizes daily only. 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.” Former Indian cricketer Yuvraj Singh has been signed as the brand ambassador of the startup. Your browser is currently blocking notification. 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. Before this round of funding, RummyBaazi was valued at USD 14 million, said the company. 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