X1 Racing League raises funding led by LetsVenture

MUMBAI: X1 Racing League, a professional motorsports league, has raised further funding led by LetsVenture, leaders from banking including Anupam Mittal of People Group, Raghunandan G of TaxiForSure, Pulkit Total and Ashwin Jayaram of Safra J Sarasin. Mohit Burman and a consortium of investors, entrepreneurs were alos a part of it.

The round also saw early investors Jitendra Gupta, Angellist India and the Rattha Group follow on.

The league intends to use the capital to fund league operations, expand into esports and establish key international partnerships. The league management said, "We had a lot of interest from investors in the last 12 months and we believe we've carefully chosen strategic partners who will add long-term value in our journey."