E-Sports Community Platform Fanclash is in Talks to Raise $30 Million from New & Existing Investors
Fanclash, an e-sports community engagement platform, is in talks to raise $30 million in a new round from new and existing investors. This will be the Gurugram-based company's second institutional round in the last two years.
“Alpha Wave is in late-stage discussions with Fanclash to lead a $30 million round,” claimed one of the sources who did not want to be named. “Existing backers Sequoia Capital and Info Edge are set to join the Series B round.”
Sequoia led a $12-15 million Series A round in Fanclash in the fourth quarter of 2021, according to sources, although the deal has yet to be published.
Fanclash is an e-sports platform founded by Richa Singh and Rishabh Bhansali that allows gamers to play and follow numerous games such as Free Fire, PUBG, and Counter-Strike: Global Offensive, as well as interact with streams.
In May 2020, the company received a $500K investment from Info Edge.
“Fanclash has been growing rapidly and this triggered the interest of heavyweight investors such as Alpha Wave. The deal is likely to go through if nothing goes wrong at the last minute,” said another person who did not want to be identified since the meetings are confidential.
While Alpha Wave (previously Falcon Edge) has been making significant investments since 2021, with major investments such as Ola Electric, Stanza Living, and Pine Labs, it has also invested in early-stage companies such as 100ms, Wealthy.in, Udayy, and Kyt. AWI is also in discussions to support 1K Kirana Bazaar.
“Alpha Wave is in late-stage discussions with Fanclash to lead a $30 million round,” claimed one of the sources who did not want to be named. “Existing backers Sequoia Capital and Info Edge are set to join the Series B round.”
Sequoia led a $12-15 million Series A round in Fanclash in the fourth quarter of 2021, according to sources, although the deal has yet to be published.
Fanclash is an e-sports platform founded by Richa Singh and Rishabh Bhansali that allows gamers to play and follow numerous games such as Free Fire, PUBG, and Counter-Strike: Global Offensive, as well as interact with streams.
In May 2020, the company received a $500K investment from Info Edge.
“Fanclash has been growing rapidly and this triggered the interest of heavyweight investors such as Alpha Wave. The deal is likely to go through if nothing goes wrong at the last minute,” said another person who did not want to be identified since the meetings are confidential.
While Alpha Wave (previously Falcon Edge) has been making significant investments since 2021, with major investments such as Ola Electric, Stanza Living, and Pine Labs, it has also invested in early-stage companies such as 100ms, Wealthy.in, Udayy, and Kyt. AWI is also in discussions to support 1K Kirana Bazaar.
