Dangal Games recently finished its Series A funding round, raising $1 million from a strategic investor.
Dangal Games is an Indian platform started by Varun Puri, Varun Mahna, Karan Gandhi, Shashwat Jain, and Manan Sobti. The platform, run by Xeta Gaming Pvt Ltd, hosts popular games like PokerDangal and RummyDangal.
Dangal Games has made a name for itself with PokerDangal becoming a member of the Top 5 online poker platforms in India. With a user base of more than 5 lakhs, RummyDangal is not too far behind either.
The identity of the new investor is yet to be disclosed. Nevertheless, the funds Dangal Games have managed to raise will help in diversifying its portfolio of games.
What The Future Has In Store For Dangal Games
According to an interview with the Dangal Games CEO, Varun Mahna, the very first investment of Rs. 30 lakhs came from personal savings. Today, thanks to the platform’s growing popularity, Varun was able to garner a whopping Rs. 7.3 Cr ($1 million).
With the new funds, Dangal Games is ready to expand its business by introducing new games. The end goal is to become a leading player in the skill-based online gaming sector.
This is further corroborated by the founder and CEO of Dangal Games, Varun Mahna.
Varun stated, “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.”
Varun further added, “We also want to utilize the funds to grow the gaming ecosystem in the country and enable more gaming tech start-ups with investments.” The funds will also allow the company to optimize its technological infrastructure.
Dangal Games will grow its business by adding new fantasy games. Many of these are already in the works for a launch date before the arrival of the Indian Premier League 2021.
Fantasy sport is currently booming and therefore presents a huge market potential. Recently, The Federation of Indian Chambers of Commerce and Industry presented a report on online gaming with knowledge provider EY. This FICCI-EY report said the online gaming segment in India will touch Rs. 18,700 crore in 2022.
Apart from its fantasy gaming ventures, Dangal Games will also be launching its casual gaming vertical next quarter. Dangal Games has ensured all sports and game lovers will surely enjoy the surprises the company has in store for them.
As the platform grows, Varun has assured games that the company’s focus on responsible gaming will continue to remain unmatched.
With both RummyDangal and PokerDangal, the company successfully carried out the development of an entertaining yet trustworthy platform. This is evident in the outstanding responses Dangal Games received from the Indian masses.
Today, the two games have become synonymous with exceptional customer support and a phenomenal user experience. As per the Dangal Games CEO, these aspects will remain strong with the new games as well. “Users first” has always been and will continue to be the gaming company’s topmost priority.