Dangal Games Announces Series “A” Fund Raise Of 1 Million USD
Following up the phenomenal response received from the masses, the company launched 'RummyDangal in the last quarter holding an intention to forge a snappy yet trustable platform. The consolidated aim is to become a leading player in the skill based online gaming sector.
New Delhi, January 19, 2021 - Dangal Games, India's booming online skill-based gaming platform has raised a ‘Series A’ fund raise of USD 1MN from a strategic investor.
Founded by – Varun Mahna, Varun Puri, Shashwat Jain, Karan Gandhi & Manan Sobti ,Dangal Games, since its inception has catered to its audience remarkably well, which elicited their first product 'PokerDangal' to be honored among India's top 5 online Poker platforms.
Similar to its sibling product, RummyDangal shook the market by offering mind-blowing deals & exciting promotions. Now with a stronghold user base of more than 5 lakh, the brand is all geared up to utilize the funds and expand its business to the newer products.
The company also plans to add 'Fantasy Games' to their bandwagon before the arrival of IPL 2021. Fantasy sports is a big market and sports lovers would love the surprises Dangal Games has in store for them. The company will also be launching its casual gaming vertical in the next quarter.
As per Mr. Varun Mahna, Founder & CEO – Dangal Games – “The fund would be used to diversify the product portfolio and build the tech capabilities of the business. The online gaming industry in India is surging like never before. After the pandemic, our whole platform endured an inclining power shot in acquisition and user-time spent. We also want to utilize the funds to grow the gaming ecosystem in the country and enable more gaming tech start-ups with investments.
As per Varun, the focus on responsible gaming is unmatched at Dangal Games and keeping the users first has always been the top-most priority.