Fantasy stock gaming app TradingLeagues raised $3.5 M Pre-series A funding

App for fantasy stock gaming Leo Capital, the family office of KP Balaraj (co-founder of Sequoia India and Westbridge Capital), Jeejeebhoy Family Office, and other investors joined forces to raise $3.5 million for TradingLeagues in a pre-Series A round.

TradingLeagues said in a press release that it intends to use the new funding to focus on significantly improving the app’s user experience as it expands its current user base of 750K+ into the millions over the coming months.

Building, owning, and running TradingLeagues, a socially enabled investing and trading platform at the nexus of fintech and gaming, is Rain Platforms, a business founded by Raghu Kumar, the founder of Upstox, and Harsh Agarwal, the founder of AGacquisitions. With the help of 4 different game types, the platform aids users in deeply comprehending the stock and cryptocurrency markets. These video games aid users in honing particular abilities like day trading and portfolio management.

The company, which has its headquarters in Bengaluru, recently introduced weekly “Mega Games” with larger prize pools in game genres that have experienced high demand.

While there isn’t any direct competition for TradingLeagues in India, notable players like DraftKings and FanDuel operate in a related market.