Get All Access for $5/mo

Web3 platform Fanztar Raises INR 5 Crores in Seed Funding The startup plans to scale existing operations, strengthen team, and launch their product with the funding

By Akshit Pushkarna

Opinions expressed by Entrepreneur contributors are their own.

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

Himanshu Garg (CEO) and Sahil Singla (CTO), Fanztar

Web3 platform Fanztar announced that raised INR 5 crores in a seed funding round. The creator economy focused platform's seed round saw participation from India Quotient, a seed-to-early-stage venture capital firm.

The round also saw participation from Ankush Sachdeva, Bhanu Pratap Singh & Farid Ahsan, founders, ShareChat Founders, Sarthak Misra, Investment Director, Softbank India, and Tarsame Mittal, founder, TM Ventures.

The creative startup was found by IIT Delhi alumnus by Sahil Singla and Himanshu Garg in February 2022.

The company is working on products that can help creators engage with their audiences and enable both parties to monetise directly. Through the platform, consumers can buy fan cards and earn royalty by owning stake in their chosen creator's future. The web3 startup will be launching its business soon.

On the funding, Himanshu Garg, Co- Founder & CEO, Fanztar, said, "For the first time, fans now have an opportunity to become part of the value creation journey of a creator, enabling them to become active players in the process rather than be passive consumers of content. For creators, we are opening up a new channel of monetisation, engagement and advocacy in the form of incentivised fans."

Fanztar plans to utilize the funds towards robust product development to cater to the evolving market demands. Additionally, the company is also planning to expand its technology and business teams.

It will also divert the funds towards product innovation and launching the industry-led product in the market to drive the future of creator monetisation.

"We're still very early in the evolution of the creator economy. Fanztar's approach is unique and value-accretive to both creators and their fans. With all the hype around web3 speculation ebbing, we're excited to finally see some long-term applications of blockchain tech emerge. After having watched the market closely, Himanshu and Sahil's approach stood out", said Madhukar Sinha, Founding General Partner at India Quotient.

Akshit Pushkarna

Features Writer

News and Trends

Dee Piping Goes Public: Announces Initial Public Offering

Dee Development Engineers Limited, commonly known as 'Dee Piping,' has announced its transition into a public limited company.

Business Solutions

Increase Productivity with This Microsoft 365 Subscription, Now $25 Off

It can make the entrepreneur life a lot easier.

News and Trends

Unifi Capital Launches Two New Funds at GIFT City

Rangoli India Fund and G20 Portfolio are the two new funds launched by Unifi Capital, via its subsidiary UIML in GIFT City, to expand international investment opportunities.

Business News

Apple Pay Later Is Ending. Here's What's Taking Its Place.

The program was available for less than a year.


I've Grown a High-Performing Team in Just 2 Years — Here's are 5 Growth Strategies I Learned

A team's strength lies in its people's individual skills and how they synergistically come together.

Business Ideas

63 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.