Baazi. Before this round of funding, RummyBaazi was valued at USD 14 million, said the company. Baazi Games has also set aside $1 Million nearly (~INR 7.4 Crore) to boost product development and expand its marketing efforts. Exclusive industry analysis, provocative insights, & deep dives for Inc42 Plus Members. Additionally, Baazi Games, the parent organization of RummyBaazi.com, has further strengthened their motives of scaling up operations as they set aside another USD 1 Million for this highly revered platform. Even parent company Baazi Games has set aside $1 Mn nearly INR 7.4 Cr) to boost product development and expand its marketing efforts. RummyBaazi was incorporated in 2019 and has been able to scale its operations to accommodate 500K (5 Lakh) players so far. “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. Baazi Games revealed that it has now planned to pump in $5 million in the Indian gaming industry by investing in gaming startups and towards the development of technology. Recently, BalleBaazi.com had received funding of USD 1 million from Baazi Games, its parent company. Having started with its first gaming product, PokerBaazi.com, Baazi Games has also launched subsidiary gaming platforms such as BalleBaazi.com, a cricket fantasy game and RummyBaazi.com, based on the traditional Indian card game. In 2017, Baazi Games raised $6 million and the very next year it bagged $5 million from a UK-based firm. The platform raised $2 Million through a round of seeding from Udtara Ventures after the conglomerate gained confidence in Baazi Games’ ventures post their investment of $2 Million in BalleBaazi in 2019. Prior to this round of investment seeding, RummyBaazi.com was valued at a pre-money evaluation of USD 14 Million. Baazi Games has now secured a seed funding round of $2 million from its existing investors, which includes the Udtara Ventures for its RummyBaazi Platform, and Baazi Games will invest another $1 million to expand its Rummy platform in India. In order to enhance the experience for our users, we expanded our product line by introducing RummyBaazi.com.”. Our investment of $5 million in the Indian gaming industry will further catalyse the growth of the industry and pave way for newer innovations," Baazi Games founder and CEO Navkiran Singh said. 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. While Udtara infused $2 million, the rest of the amount was invested by RummyBaazi’s parent entity, Baazi Games. “The investment is planned to take place during the next six months. Baazi Games claims to have served over 50 lakh users so far, with RummyBaazi alone having catered to more than 5 lakh players within a year of its inception. Reliance Jio Platforms Profit Grows 15% IN Q3 FY21; ARPU Climbs To Ove... Amazon Clarifies Frontizo Common Director Issue In Karnataka HC, Zomato Acquires Sports Discovery Startup Fitso For Over 80 Cr, [The Outline By Inc42 Plus] India Inc Fights Bigtech, [The Outline By Inc42 Plus] Cybersecurity Falls By The Wayside, Inc42 Shots | 7 Mantras For Becoming A Successful Entrepreneur, Inc42 Shots | Trends The Fintech Industry Will Witness In 2021. RummyBaazi has infused a total of $3 Million to expand its footprint in the country. Earlier this year, Baazi Games had invested $1 Mn in its fantasy cricket vertical, BalleBaazi.com. 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.” RummyBaazi: Online gaming platform RummyBaazi has raised $3 million in a funding round led by its existing backer Udtara Ventures. Baazi Games represents the classical triumph of an amazing idea- that the winner should determine his top prize. Let the business resources in our guide inspire you and help you achieve your goals in 2021. Indian gaming company Baazi Games, owner of fantasy cricket game BalleBaazi, is planning to invest $5m (€4.5m) in new games-related companies. The funding received will be utilised to further product enhancements and strengthen the value of trust amongst the user base through its marketing strategies. “Our expanding userbase is testament to the efforts of RummyBaazi.com to provide its customers with the safest way to play. Commenting on the same, Singh, founder and CEO, Baazi Game said “As the country is continuously increasing their consumption of online gaming, it becomes essential for platforms like RummyBaazi.com to expand their product portfolio to cater to the audience needs.”. "BalleBaazi has played witness to a tremendous surge in growth during the recently concluded IPL and ICC World Cup 2019,” Navkiran Singh, Founder & CEO at Baazi Games said in a statement. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. RummyBaazi.com was valued at USD 14 Million before this round of funding. Image credit: Resonating with its growth and expansion plans, BalleBaazi.com had recently received a funding of USD 1 million from Baazi Games, its parent company. PokerBaazi was launched in 2014 as an online poker room that offers their company users a chance to play poker professionally and win from others. Decoding India’s $10.6 Bn eHealth Opportunity, Union Budget 2021: Crypto Startups Seek Clarity On GST, Taxation On Earnings. Of the total funding, Baazi Game has set aside USD 1 million, while its existing investor Udtara Ventures pumped in USD 2 million seed capital. RummyBaazi.com will use the capital to boost product development and expand its marketing efforts, the New Delhi-based company said in a statement. BalleBaazi, an online fantasy gaming platform, has raised $4 million in Series A funding round from two private equity funds based out of Singapore and Delhi. Excited, and looking forward to the amazing journey ahead of us,” said Rajiv Chaurasia, Chairman, Udtara Ventures. Of the total funding, Baazi Game has set aside $1 million, while its existing investor Udtara Ventures pumped in $2 million seed capital. Your browser is currently blocking notification. Overtime, the company has launched two more real money games (RGMs)—fantasy sports (BalleBaazi) and rummy (RummyBaazi) in the year 2018 and 2019, respectively, to cater to the rapidly increasing appetite for online gaming. Also Read: Online gaming in India to be ₹11,900 cr industry by 2023: Report “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. Also Read: Gaming Platforms Rejoice, Witness Massive Surge Amidst Covid-19. Online gaming platform RummyBaazi has raised USD 3 million through a mix of seed funding and capital infusion from its parent organization Baazi Games. Play Texas Hold'em and Pot Limit Omaha poker games tournaments in India to Win Cash Prizes daily only. WinZO Baazi is a format where users choose a game and can join a group of participants. Baazi Games' latest venture RummyBaazi all set to delight rummy lovers BalleBaazi.com unveils Cricket World Cup 2019 marketing campaign #AbMainBhiCaptain BalleBaazi.com raises $4mn in Series A funding Yuvraj didn't retire! Can Sachet Plans Help Global OTTs Find Mass Validation In India? Of the total funding, Baazi Game has set aside $1 million, while its existing investor Udtara Ventures pumped in $2 million seed capital. BalleBaazi.com raised Series A funding of $4 million from two external investors in July 2019. BalleBaazi.com had a strong capital support right from the start. It’s successful Series-A funding saw around USD 4 million being pumped from two private equity firms based out of Singapore and New Delhi. Navkiran Singh, Founder, and CEO at Baazi Games, also shared his views on the development, stating, “BalleBaazi has played witness to a tremendous surge in growth during the recently concluded IPL and ICC World Cup 2019. Resonating with its growth and expansion plans, BalleBaazi.com had recently received a funding of USD 1MN from Baazi Games, its parent company. The company will use the funds to strengthen the product and marketing strategies. Former Indian cricketer Yuvraj Singh has been signed as the brand ambassador of the startup. RummyBaazi.com has raised USD 2 Million from Udarta Ventures in a seeding round, and has been infused with another USD 1 million from its parent company Baazi Games to strengthen the product portfolio of the rummy platform. Providing such a platform to a sports-obsessed nation is where Baazi Games played its trump card. Navkiran Singh, … WinZO hosts 70+ games on a single platform across multiple formats in 12+ regional languages and 60% of content on our platform is consumed in non-English languages.. WinZO Baazi. This is Udtara Ventures’ second investment in the BaaziGames Network. Copyright © 2021 Entrepreneur Media, Inc. All rights reserved. In order to enhance the experience for our users, we expanded our product line by introducing RummyBaazi.com and through our hard work and constant endeavour we have been successful in making it one of the most rewarding online rummy platforms in the country,” said Sumit Warriach, CEO, RummyBaazi. 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