RummyBaazi Has Raised $3m Of Funding From Udtara Ventures And Baazi Games
? Early Stage VC
New Delhi-based online gaming platform RummyBaazi, a subsidiary of Baazi Games online gaming network, has raised $3m
$2m was received during a seed round from early-stage investment firm Udtara Ventures
The rest $1m was infused by parent company Baazi Games
The funding will go towards the expansion of the platform’s product portfolio and marketing efforts
The round was raised at a pre-money valuation of $14m
This is the second time Udtara Ventures invested into Baazi Games ecosystem. Previously in 2019, the firm had invested $2m into the company’s other subsidiary BalleBaazi
? Products
RummyBaazi is a real-money gaming platform for online matches of rummy, an Indian card game. The company is a subsidiary of Baazi, along with:
BalleBaazi — online fantasy sports gaming platform
PokerBaazi — online poker gaming platform
Since its launch, RummyBaazi has been able to grow an audience of 500 thousand players
SOURCES: INC42, ENTREPRENEUR
