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Saturday, October 16, 2021

Nw: League11.in, A Main Fantasy Gaming Platform in India Raises Venture Debt Financing from KapTable and AngelBay

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  • League11 affords lowest commission rates of 3% in fantasy gaming region in India which has been made likely resulting from a fully house developed know-how product.

  • The startup, which is winning, has over 2.0 lakh registered customers and has disbursed over INR 90 crores in cash winning to gamers since Jul 2019

Fanmade11 Fantasy Sports Deepest Restricted (League11.in), a web based platform providing fantasy gaming for cricket, basketball and soccer has raised its maiden funding spherical from KapTable and AngelBay within the salvage of a project debt Transaction.

Mayank – Founder & CEO (heart supreme – sitting), Shubham Bansal – Co-founder & CTO (heart left – sitting) , Vipul Sharma – Senior Product Engineer (excessive supreme – sitting), Jatin Nanda – Financial Analyst (heart supreme – standing)

League11, in 24 months has gathered over 2.0 lakh customers primarily in tier 2 & 3 cities of Northern & Central India and has disbursed in excess of INR 90 crores in cash winnings to its customers since inception. League11 affords alternate leading commission rates of 3% within the gaming region, pushed by a fully house grown know-how stack developed by a talented engineering team. Chubby Ownership of the know-how provides League11 the flexibility to be nimble and in an effort to tweak the product with the desires and demands of the customers.

Mayank Singh, the CEO & Founder of League11 acknowledged, “We’re ecstatic that KapTable and AngelBay have placed their religion in our young team. We now have gotten bootstrapped till now and we thought to make exercise of these funds to proceed to enthrall our customers and introduce our Poker product, Justice Poker on this quarter while also expanding our team.”

“Shubham Bansal, the co-founding father of League11 and Mayank were avid avid gamers and total time coders and have demonstrated a single minded imaginative and prescient in creating code and nurturing the young engineers in their team. In League11, we stumbled upon a team that has developed a world class product that is tremendously sooner than competitors. The singular level of curiosity on the mission along with the skills of the team made this investment a no brainer for us and AngelBay,” stated Arjun Gopinath, Co-founding father of KapTable.

About League11

Founded by in 2019 by Shubham Bansal (MCA, 6 years experience, ex RenewBuy and avid Coder along with being a die disturbing Gamer) and Mayank Singh (BTech with over 10 League11 has grown to 6 staff and is waiting for to hit 3-cr topline in FY22 (up 35% yoy) and goals to grow 12x over the subsequent 3 years. The startup is beta making an are attempting out its casual gaming section (fancy Informal video games, ludo and varied E-gaming vertices). League11 has offered an E-gaming vertical in its portfolio not too long ago.

About KapTable

KapTable is a curated online marketplace for Secondary and Critical transactions for Startup shares, providing the ideal exit avenue for investors looking out for early liquidity along with providing capital to startups. more particulars on www.KapTable.co.

About AngelBay

AngelBay is a sector and region agnostic non-public angel network which has syndicated investments in over 60 begin ups. Thru an intensive network of over 100+ VC/PE firms, Family areas of work and Corporates, AngelBay helps the portfolio firms with industry building, strategic tie americaand institutional funding.

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