Telegram Or Signal: Which Will Be India’s Next Favourite Messaging App After Wha... Movers And Shakers Of The Week [January 18 – 23]. Before this round of funding, RummyBaazi was valued at USD 14 million, said the company. All these businesses have been set up in Delhi. Navkiran Singh, Founder & CEO, Baazi Games, added, “BalleBaazi has played witness to a tremendous surge in growth during the recently concluded IPL and ICC World Cup 2019. Baazi Games, founded in 2014, is a pioneer gaming company in India that operates several online 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. 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,” Singh added. Hence, it was imperative to continue our partnership with one of the fastest-growing brands in the space,” Udtara Ventures’ chairperson Rajiv Chaurasia. WinZO Baazi is a format where users choose a game and can join a group of participants. The company will use the new funds to strengthen the product and marketing strategies. With the fresh funding, RummyBaazi aims to advance its product enhancements and strengthen user’s trust through its marketing strategies. Photo: Mint Baazi Games to invest $5 million in Indian gaming industry in next six months 1 min read. Copyright © 2021 Entrepreneur Media, Inc. All rights reserved. Online gaming platform RummyBaazi has raised USD 3 million through a mix of seed funding and capital infusion from its parent organization Baazi Games. We offer superlative online gaming experiences across three distinct verticals (as Poker, Rummy, and Fantasy Cricket) and you are free to play in or more of them as per your choice. BalleBaazi was also in the news when it raised $4 Mn in Series A funding from private equity funds in July 2019. This is Udtara Ventures’ second investment in the BaaziGames Network. Updated: 05 Feb 2020, 10:05 PM IST Himanshu Dhingra. Baazi Games has also set aside $1 Million nearly (~INR 7.4 Crore) to boost product development and expand its marketing efforts. It also plans to introduce more games under the umbrella of fantasy gaming, thus engaging with audience across different genres of sports, the company said. Delhi-based Baazi Games’ latest gaming venture RummyBaazi has raised $3 Million (~INR 22 Crore) in seed funding round from investment firm Udtara Ventures at a pre-money valuation of $14 Million. RummyBaazi was incorporated in 2019 and has been able to scale its operations to accommodate 500K (5 Lakh) players so far. 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. The investment firm had previously invested $2 Mn in BalleBaazi in 2019. 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. “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. Leading Baazi Games’ latest venture since 2019, Sunit Warriach, CEO, RummyBaazi.com has created ripples in the Online Gaming Industry with the emergence of the brand as one of the most sought-after skill-based gaming platforms in the country. The company will use the funds to strengthen the product and marketing strategies. RummyBaazi.com will use the capital to boost product development and expand its marketing efforts, the New Delhi-based company said in a statement. 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. Baazi. Baazi Games was founded in 2014. Play Texas Hold'em and Pot Limit Omaha poker games tournaments in India to Win Cash Prizes daily only. RummyBaazi.com is Baazi Games’ specialised arm that offers an exclusive, safe, and secure online rummy gaming experience to more than 5 lakh players within a year of its inception. Earlier in 2019, Udtara capital had invested USD 2 million in Baazi Game’s fantasy sports arm BalleBaazi. RummyBaazi.com was valued at USD 14 Million before this round of funding. 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. Founded in 2018 by Chopra, BalleBaazi recently raised $1 million from its parent company Baazi Games. RummyBaazi. "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. Expanded our product line by introducing RummyBaazi.com. ” Media, Inc. All rights reserved 2020 10:05! The value of trust amongst the user base through its marketing strategies this is Ventures. 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