iWorld

Nazara Technologies, Delta Corp to invest Rs 40 cr in HalaPlay

HalaPlay has seen 10x user growth in the last 12 months.

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/03/19/nazaraaa.jpg?itok=TaS-Wlj5

MUMBAI: Nazara Technologies Ltd and Delta Corp Ltd, which is India based casino gaming company, together will invest Rs 40 crore as part of Series-A funding round in an online daily fantasy sports platform, HalaPlay.

HalaPlay, launched in 2017, has seen an explosive growth in the user base and total transactions since then. It has in the past received investment from Nazara Technologies, Kae Capital, Angel List and other angel investors. The company has seen 10x user growth in the last 12 months and will exponentially grow with over 1 crore active players to play in upcoming cricket season.

Halaplay CEO Swapnil Saurav said, “Getting funding support from two of India’s largest gaming companies instills faith in us as a team taking us a notch higher in the Indian fantasy sports arena. Fantasy sports has been on the rise with the market being estimated to be $1 billion currently and is expected to go up to $5 billion in the next two years and hence this boost could not have come at a better time ensuring and enabling our growth along with.”

Nazara Technologies Ltd CEO Manish Agarwal said, “Nazara invested in HalaPlay in 2017 and we continue to be excited about the growth story of HalaPlay. We are confident that Halaplay with this fresh round of funds will ride the explosive growth of fantasy sports in India.”

Nazara has been actively pursuing opportunities in the interactive sports vertical categories and has invested in mobile gaming companies like Mastermind Sports Limited and Moonglabs Technologies Pvt Ltd apart from HalaPlay Technologies Pvt Ltd. Nazara has also taken a majority stake in Next Wave Multimedia Private Limited and Nodwin Gaming Pvt Ltd in the e sports arena in addition to recent investments in CrimzonCode and NZWorld (NZWorld Kenya Limited) to set up operations of real money gaming in Kenya.

Delta Corp MD Ashish Kapadia said, “Delta believes in the HalaPlay team and their ability to innovate in the daily fantasy sports industry. Their viral growth is proof that they have been able to build a differentiated product that users love. We are excited by their potential, and are confident that this round of funding will help propel them to even greater heights.”

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/20/Mukesh_Ambani_800.jpg?itok=Xu9mwlmY
Jio PAT at Rs 891 cr; FTTH beta trails encouraging

Mukesh Dhirubhai Ambani’s largest startup company in the world – Reliance Jio Infocomm Limited (Jio) reported 6.1 percent growth in standalone profit after taxes (PAT) at Rs 891 crore for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the Rs 840 crore in the...

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/20/broadband.jpg?itok=lsN2Eajs
Broadband subs growth still sluggish in May 2019

India’s broadband subscribers growth has slowed down over the past few months according to data released by Telecom Regulatory Authority of India (TRAI). For the first time in 17 months, two consecutive months saw subscribers grow less than 1 crore (10 million, 100 lakh) per month.

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/mx-player.jpg?itok=uUGfyoh6
MX Player now on Amazon Fire TV Stick and Android TV

MUMBAI: Emerging as the one-stop-shop for all things entertainment, MX Player – India’s leading streaming platform is now going beyond your mobile phones and will feature on Amazon Fire TV Stick and Android TV.  The entertainment app offers viewers an online content library with multi-genre and...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/sonyliv.jpg?itok=vFmUMLAY
Globally acclaimed sitcom ‘Community’ now live on SonyLIV

MUMBAI: Looking for a new show to add to your watchlist, this monsoon? How about a sitcom that will tickle your funny bone and get you on a binge-watch spree? SonyLIV, India’s first premium video on demand (VOD) platform brings you 6 seasons of the cult American comedy series -Community. Rated 8.5...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/voot.jpg?itok=pMTL_ZkQ
Viacom18’s Tanya Bami steps down as head Voot Originals & VP content

Viacom Digital Ventures' Tanya Bami has resigned from her role as head of Voot Originals and vice president content. Bami is expected to be at the company for a couple of months to serve her notice period. The veteran media executive joined Voot in November 2015 from Zee Entertainment Enterprises...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/19/Reed-Hastings.jpg?itok=IZbtYoLI
Netflix CEO Reed Hastings on global opportunity, subscriber addition and competition

With Disney all set to enter the direct-to-consumer business with its streaming app, Netflix missing its subscriber addition forecast globally along with losing subscribers in the domestic market is likely to be trouble. Although stocks of the FANG company stumbled as an aftermath of the Q2 result...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/18/amazon.jpg?itok=NYuZT_0E
Prime Day 2019 was the biggest two-day celebration ever for Prime members in India

MUMBAI: Prime members in India joined members in 17 countries celebrating Prime Day, enjoying the best of shopping, savings and entertainment. Following the epic two-day event with thousands of deals just for Prime members, sales surpassed the previous Prime Day and any other two-day period making...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/18/matru.jpg?itok=CVUD4rSG
Regional content start-up Matrubharti enters video streaming space

Matrubharti, a vernacular content start-up which has been providing a curated platform for content creators to publish ebooks and snackable social media content in regional languages such as Hindi, Gujarati and Marathi besides English, has today announced that it has diversified its content...

iWorld Video On Demand
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/18/ALL.jpg?itok=msTEGCKi
Netflix confirms Q3 roll-out of lower-priced mobile-screen plan for India

Finally taking note of the price-sensitive Indian market, streaming giant Netflix has decided to roll out a lower-priced mobile screen plan in India. Netflix sees the new plan, which will launch in Q3, as an effective measure to expand its business in India. Earlier, the streaming platform...

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories