FanClash, an Indian esports business, has secured US $40 million in a series B financing headed by Sequoia Capital India, Falcon Edge, and Info Edge India, among others. Matic Networks, a first-time investor, also contributed to the financing.
FanClash is a fantasy game platform for core esports viewers globally, founded in 2020. It enables players to compete in esports competitions across the world, including FreeFire, Counter-Strike: Global Offensive, League of Legends, PUBG Mobile, and DOTA 2.
FanClash first introduced its product in India in 2021, and it just extended to the Philippines. By 2023, the firm plans to expand into Vietnam and the United States.
It intends to use the fresh capital to develop globally, recruit more people, and attract more consumers.
Customers appreciate the platform since it allows them to play in fantasy games while also assisting them in becoming “financially independent.” According to Rishabh Bhansali, co-founder of FanClash, this enables them to be “taken seriously as esports fans.” Richa Singh, the former co-founder and CEO of BigStylist, a beauty and wellness brand, helped him start the company.
FanClash had already secured $10 million in series A funding from Sequoia Capital, Falcon Edge, and Info Edge India prior to this round.
