Fantasy sports platform Fantasy Akhada raises $11 million in funding

Super Six Sports Gaming, the parent company of fantasy sports brand Fantasy Akhada, has raised $11 million in a fresh round of funding which values the company at $135 million.

The round was led by Florintree Advisors (run by Mathew Cyriac, ex-MD of Blackstone India). It also saw participation from existing investors Mukul Agrawal (Param Capital) and Varalakshmi Enterprises (Family Office of the GMR Group).

This has taken the overall funding raised by the company to date to over $20 million. Prime Securities was the exclusive Investment Banker for the transaction.


The company plans to utilise the funding to strengthen its market position. Apart from this, they plan to launch a new brand that focuses on streaming, content, and analytics.

Additionally, the company is focused on building world-class technology products that will drive sports engagement in the country.

Super Six Sports Gaming Founder and Group CEO Amit Purohit said, “In January 2023, we achieved operational profitability for the first time and demonstrated a clear path to company-level profitability. The fact that we were able to achieve a big milestone in that journey in January has given us a lot of confidence that we can deliver more brands that will enhance the sporting culture in India. This fundraise will help us achieve the current business plan.”

Super Six Sports Gaming Founder and Group COO Sumit Kumar Jha added, “We are excited to onboard a fresh set of investors. Some of our existing investors have also shown their confidence in our vision once again. We are committed to increasing sports engagement in the country through technology. We believe that sports consumption in India has massive headroom for growth and we will help accelerate the same. The country, I believe, is at the cusp of a sporting revolution.”

“There is a digital revolution that we are witnessing in India with 1 billion smartphones in the hands of people. Technology would be the key driver in making India, a truly multi-sport nation. The company has a clear vision to expand beyond gaming and become a force to reckon with in the Sports Tech space," said Mathew Cyriac, Florintree Advisors.