Kae Capital and Nazara Games invest in HalaPlay a fantasy sports company (November 2017)
Mumbai, November 3rd, 2017: Kae Capital, along with Nazara Games, today announced a joint investment in HalaPlay, a Daily Fantasy Sports platform.
HalaPlay is a Daily Fantasy Sports platform where players can create a team, enter leagues and win cash prizes at the end of every game on web and mobile. One does not need to wait for a season to end to earn prizes. Daily Fantasy Sports platform empowers serious and casual sports enthusiasts to play cash based, quick, simple and interesting games.
Swapnil Saurav, CEO & Co Founder, HalaPlay says “Daily Fantasy Sports Platform is an emerging trend of interactive entertainment. We at HalaPlay are in a quest to build the world best Daily Fantasy Sports Platform and Kae Capital and Nazara’s contribution will give us the requisite impetus to do so.”
HalaPlay will provide different types of leagues in all International, Domestic ODIS, T20s, Test matches in Cricket, English Premiere League (EPL), La Liga, Champions Trophy, World Cup, Euro Cup, Copa America in Football and all Indian domestic leagues in Kabaddi.
HalaPlay uses Data Analytics and Machine Learning to help our users draft teams, analyze their playing behaviour and help them to improve their fantasy skill.
Shubhankar Bhattacharya, Venture Partner at Kae Capital commented, “Fantasy sports is a very large market with proven consumer demand and acceptance. We found much to like in how HalaPlay achieved product-market fit as a bootstrapped venture, through the sheer force of hustle and execution. We see Nazara’s participation as a valuable boost to the ambition of creating a Global Fantasy sports company.”
Commenting on the new partnerships, CEO of Nazara Games, Manish Agarwal said, “We at Nazara are committed to offering a variety of interactive sports genres to the millennial and Daily Fantasy Sports is the perfect fit for the “NOW” generation offering instant gratification.
He further adds, “Nazara’s objective to invest in HalaPlay along with Kae Capital is to build one of the best global Fantasy Platforms out of India”
Nazara has been actively pursuing opportunities in the interactive virtual sports category and has invested in companies like Mastermind sports, Moong Labs and HalaPlay. Furthermore, Nazara partnered with local and global mobile game developers like Stick Sports to create entertaining mobile games around physical sports.
About Kae Capital
Kae Capital is an early stage seed fund, with offices in Mumbai and Bangalore, and with approx $ 80M under management, over two funds. Some of our key investors include Aberdeen Asset Management, Morgan Creek, Fidelity, Sequoia Capital, SAIF Partners etc. Our portfolio companies have gone on to raise follow-on rounds of capital from funds such as Tiger Global, Sequoia Capital, Accel Partners, Khosla Ventures, Maverick, and Nexus Venture Partners, to name a few, in addition to winning several accolades in India and on global forums. Some of our prominent investments include HealthKart, 1mg, Culture Alley, and Porter.
About Hala Play
HalaPlay is a Daily Fantasy Sports (DFS) platform that empowers serious and casual sports enthusiasts to play cash based quick, simple and interesting games. DFS is the shortest and quickest version of fantasy sports where users can create a team, enter leagues and win cash prizes at the end of every game. Yes! Every game! Now there is no need to wait for a season to get over to earn prizes. https://www.halaplay.com/home