The operator behind Indian rummy website Ace2Three has anted up in real-money fantasy sports platform Fan Fight.
Hyderabad-based Head InfoTech India Pvt. Ltd., which operates Ace2Three, announced on Wednesday that it has shelled out INR6.5 crore ($1 million) for a majority stake in Fan Fight. The fresh investment will go towards scaling the fantasy sports platform, as well as for marketing and hiring tech and analytical talents, according to the company.
This marks the second investment that Head InfoTech India had made in Fan Fight. In April 2017, the online rummy operator put in close to $39 million for 2.5 million Series A preference shares in the fantasy sports company.
Founded in 2016, Fan Fight focuses on cricket games, although its founders said there are plans to add other sports like football and kabbadi.