Indian gaming company Baazi Games, owner of fantasy cricket game BalleBaazi, is planning to invest $5m (€4.5m) in new games-related companies.
Navkiran Singh, the company’s founder and chief executive, said: ”Baazi Games has played a major role in revolutionising the way card games and fantasy sports are played in the country today. Our investment of $5m in the Indian gaming industry will further catalyse the growth of the industry and pave way for newer innovations. With this vision, we hope to become a technology incubator in the industry and look forward to the bright future of gaming in India.”
The company is particularly targeting investments in the ‘games of skill’ space.
Indian sports business news website InsideSport reports that the company invested $1m in BalleBaazi in 2019, and raised another $4m for the game in Series A funding from private equity funds in July.
As well as BalleBaazi, the company operates two gambling brands, its flagship product PokerBaazi, and RummyBaazi, which was launched in 2019.