RummyBaazi Has Raised $3m Of Funding From Udtara Ventures And Baazi Games
💵 Early Stage VC
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New Delhi-based online gaming platform RummyBaazi, a subsidiary of Baazi Games online gaming network, has raised $3m
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$2m was received during a seed round from early-stage investment firm Udtara Ventures
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The rest $1m was infused by parent company Baazi Games
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The funding will go towards the expansion of the platform’s product portfolio and marketing efforts
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The round was raised at a pre-money valuation of $14m
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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
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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:
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BalleBaazi — online fantasy sports gaming platform
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PokerBaazi — online poker gaming platform
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Since its launch, RummyBaazi has been able to grow an audience of 500 thousand players
SOURCES: INC42, ENTREPRENEUR
