BalleBaazi.com raises $4 mn in Series A

New Delhi: Online fantasy gaming platform BalleBaazi.com said on Monday it has raised $4 million (nearly Rs 30 crore) in series A round.

The funds were raised from two private equity funds based out of Singapore and Delhi, the company said in a statement.

The funds will be utilised to expand its business to newer markets and enhance gaming experience for users, which stands at around 3 million at present, it added.

"Online gaming industry in India is growing marvellously and is poised to grow even faster.

The potential is huge, and the funds will certainly pave way for newer innovations and catalyse our upward journey at BalleBaazi," BalleBaazi.com CEO Saurabh Chopra said.

It also plans to introduce more games under the umbrella of fantasy gaming, the company said.