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RummyBaazi Has Raised $3m Of Funding From Udtara Ventures And Baazi Games

EARLY VENTURE | ANNOUNCEMENT DATE: 26 AUG 2020
WRITTEN BY | 30 Aug 2020
RummyBaazi Has Raised $3m Of Funding From Udtara Ventures And Baazi Games
EARLY VENTURE

💵 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

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RummyBaazi
  • Established in 2018

  • Headquarters — New Delhi, India

  • Founded by Navkiran Singh

  • Indian RMG platform