Homegrown esports startup FanClash raises $40 mn to go global

New Delhi: Homegrown esports startup FanClash on Friday said it has raised $40 million in its Series B funding to expand its global footprint.
Founded in mid-2020, FanClash recently expanded to the Philippines and aims to be a global leader in esports.
The Series B funding round was led by Sequoia Capital India, Falcon Edge, Info Edge India and Matic Networks.
“FanClash released its product in India in 2021 and in the Philippines in June 2022 and aims to launch in Vietnam and the US by early 2023”, a company spokesperson said in a statement.
The startup earlier raised $10 million in Series A from Sequoia Capital India, Falcon Edge (Alpha Wave Ventures) and Info Edge India.
Also Read India’s biggest crypto ponzi scam may grow to Rs 1 tn, affecting 1 lakh people FanClash started its journey as a fantasy gaming application for all core esports viewers and has evolved into Asia’s largest esports fantasy platform.