It's experimenting in the Philippines, said Singh.
Going after this opportunity, FanClash is building an exciting new destination for esports fans with an incredible product that is loved by its users."įanClash counts India as its largest market and it's beginning to explore international expansion. "The online gaming market is also monetising well and is on track to surpass $5 billion in revenues by 2025. "Online gaming has over 300 million users in India and esports has hit an inflection point with over 100 million Indian viewers," said Rajan Anandan, managing director at Sequoia India and Southeast Asia, in a statement. Singh declined to reveal how many customers FanClash has amassed, but said the startup has been growing fast since launching the eponymous service early last year, and is clearly the "biggest esports fantasy business in India." “These esports have larger following than cricket, but they lack data and fantasy layers.” Our thesis is that the world is seeing the emergence of a new kind of sport, and when there’s a new sport, there will be a data layer and a fantasy layer built on top of it,” she said. “We focus only on core esports tournaments. But unlike cricket followers, who can use platforms such as Mobile Premier League and Dream11 to earn rewards by making predictions, esports fans who wish to monetize their skills and knowledge weren’t served before, said Richa Singh, co-founder and chief executive of FanClash, in an interview with TechCrunch. As appetites for daily fantasy sports grow among fans, startups are increasingly looking to build billion-dollar opportunities. Tens of millions of Indians watch and play esports.
FanClash previously raised $10.5 million, including a $10 million Series A.Īs is popular across cricket and football-themed fantasy sports startups, on FanClash, users compete with one another across several popular titles, including Counter Strike: Go, FreeFire and League of Legends, by selecting their favorite players and spinning up made-up teams. Sequoia Capital India, Info Edge and Polygon also participated in the round. Investors are predicting that this model and the FanClash team will deliver, and said on Friday they have poured $40 million of fresh funding into the startup.Īlpha Wave Global, formerly known as Falcon Edge Capital, led FanClash's Series B financing round. If the predictions are right, users make money.įanClash, a two-year-old Indian startup, is attempting to bring esports such as sleeper hit titles PUBG Mobile, COD and DOTA 2 to this fantasy sports world. Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches.