↩ Go Back
Need help?

Gaming Website Investment Opportunity in Mumbai, India

Skill based online fantasy sports league focusing only on cricket matches and players.
This transaction has concluded.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Gaming Websites
Locations  Mumbai
Local Time 9:07 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 3.6 million for 35.0% stake (Native Currency: INR 300,000,000)
Reason: Require funds to market, grow infrastructure and acquire users.
Interested to connect with advisors
Documents
Business Overview

- We are an online fantasy sports league that allows users to use their skill to pick teams and players in order to receive points.

- Users can deposit money to play a league and receive payments based on how high their team places in the league.

- We went live 2 months ago for bug testing with select users and have finished developing and bug fixing the website.

- Focused only on cricket with events such as World Cup, T20 Cup and IPL.

- We have multiple revenue sources planned in the future but our main revenue source would be through taking a cut of INR 10 to 15 from deposits of users.

- Have tied up with a third party company in UK to provide data for live matches within 7 seconds.

- Promoter has worked as an investment banker in large MNCs like Barclays and Nomura.

Products & Services Overview

Skilled based online fantasy cricket league in India.

Facilities Overview

Firm is based out of the promoter's residence.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Founder, New Delhi, Financial Consultant connected with the Business
  • Earlier than 15 days
    Senior Manager - Transactions, New Delhi, M&A Advisor connected with the Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more