[Funding Alert] Online Fantasy Gaming Platform PlayerzPot Raises $3 Mn In Funding The series A fund will be used to accelerate technological innovation, enhance brand building along with expanding the team

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Online fantasy gaming platform PlayerzPot on Tuesday announced to have secured funding of $3 million in the Series A round of investment which the brand plans to utilize in further expanding its verticals, introducing various innovative concepts to enhance the user experience, make advancements in random mission generator (RMG) and overall brand building.

"The online gaming industry in India is growing tremendously and is expected to multiply at an unprecedented rate. There is huge untapped market potential, and the funds will help the brand scale higher while also paving the way for the latest innovations," said PlayerzPot founder Yogesh Doiphode. "We, as an online fantasy gaming start-up in India, aim to expand our services and have shifted our vision from being a core fantasy gaming company to becoming the destination platform for complete real-money gaming and other casual online gaming enthusiasts. This is just the beginning for the company and we hope to grow aggressively in the online gaming space."

The company aims to carve out a position through a highly responsive and customer-centric approach. Its referral system portal offers an approach to engage gamers and also offers them the opportunity to earn/win money from the comfort of their homes.

"PlayerzPot has emerged as one of the most exciting and popular fantasy gaming platforms in recent times. Through this funding, we aim to strengthen our leadership position in the industry. We have received an overwhelming response from the tier II and tier III cities and the popularity of the platform among the core fantasy segment is constantly rising which according to me shows the mettle of the entire company. Our vision is to become the best destination in India for games of skill and we are confident about the bright future of this segment," added PlayerzPot co-founder Mitesh Gangar, in a statement.

The platform allows players to experience their favorite games on multiple levels, along with earning real money as it offers users the liberty of choosing their own league, players, and lucky pot and has recently roped in cricketers, Bhuvneshwar Kumar and Smriti Mandhana as its brand ambassadors.

Prabhjeet Bhatla

Former Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

News and Trends

Zydus Wellness: Leveraging FMCG Trends To Turn Around Tables

Price-pack architecture, e-commerce, Internet first brands and increased penetration in smaller pockets, are the current focus of the company


International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.


AI Is Changing the Way We Look at Job Skills — Here's What You Need to Do to Prepare.

As workplace roles evolve and disappear faster than ever, companies that focus on skills will have an advantage.

Money & Finance

How to Know If Your Business Is Profitable This Very Second

It's important to periodically take stock of your business status, but don't wait until the end of the quarter or Tax Day to know. Too many decisions you need to make depend on your profitability. Here are things you should be doing regularly so that when you need to know where you stand, you know.


5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.