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Legends League Cricket raises Rs 39 Cr from Dubai-based Brickwork

EntrackrEntrackr · 10m ago
Legends League Cricket raises Rs 39 Cr from Dubai-based Brickwork
Medial

Legends League Cricket (LLC), the cricket league featuring senior cricketers, has raised Rs 39 crore from Brickwork at the valuation of Rs 350 crore. The proceeds will be allocated towards expansion plans, LLC said in a press release. Co-founded in 2021 by Raman Raheja and Vivek Khushalani, the league has six franchises, including India Capitals, Gujarat Giants, Bhilwara Kings, Manipal Tigers, Urban Risers Hyderabad, and Southern Superstars. The league is backed by investors like Vikram Singhania, Jayant Davar, Sanjay Gupta, and Arvind Singhania. The upcoming season of LLC is a franchise format, featuring six teams composed of renowned cricket legends. Among the players expected to participate are Ross Taylor, Irfan Pathan, Harbhajan Singh, Aaron Finch and Chris Gayle. Legends League Cricket (LLC) 2024 is scheduled from September 11 to October 5, 2024, with matches, which will be held in both India and Qatar. The platform says that it has reached an impressive 1.56 billion viewers globally previous year and aims to captivate even more fans. With an expanded lineup of 34 matches featuring cricket legends, it aspires to build a landmark season, enhancing cricket’s festive spirit in the region.

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KRAFTON acquires majority stake in Nautilus Mobile for Rs 118 Cr

EntrackrEntrackr · 3m ago
KRAFTON acquires majority stake in Nautilus Mobile for Rs 118 Cr
Medial

KRAFTON, the company behind BATTLEGROUNDS MOBILE INDIA (BGMI), has acquired a controlling stake in Pune-based game studio Nautilus Mobile for Rs 118 crore ($13.7 million). This is KRAFTON’s first full-control deal in India. Nautilus Mobile is best known for its popular mobile cricket game, Real Cricket. JetSynthesys fully acquired the studio in 2020, and KRAFTON later invested Rs 40.5 crore in 2022. With this acquisition, KRAFTON aims to boost Indian game development and expand its presence in sports gaming. JetSynthesys will remain a minority investor and continue working with Nautilus, especially in Esports. KRAFTON India CEO Sean Hyunil Sohn said this deal will help India become a global gaming hub. Nautilus Mobile CEO Anuj Mankar said the partnership will help Real Cricket grow internationally. KRAFTON has invested over $200 million in Indian startups since 2021 and continues to support local game developers. With India’s growing love for cricket and gaming, this move strengthens KRAFTON’s position in the country’s gaming ecosystem.

Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round

EntrackrEntrackr · 23d ago
Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round
Medial

Ice popsicle brand Skippi has raised Rs 12 crore ($1.4 million) in an extended pre-Series A funding round led by the Dubai based strategic family offices of Surya, which invested Rs 10 crore. The remaining Rs 2 crore came from other angel investors. The startup was featured in Shark Tank India Season 1, where it secured Rs 1.2 crore from all six sharks: Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal, in exchange for an 18 percent equity stake. Since then, the company claims to have grown its monthly revenue 80 times, from Rs 5 to 7 lakh to several crore. The Hyderabad based company had previously raised 1.43 million dollars in a seed round in April 2024 from Hyderabad Angels and others. According to a press release, the fresh funds will be used for growth initiatives, enhancing brand visibility, strengthening working capital, accelerating product innovation, onboarding senior leadership, and expanding into the Middle East market. Co-founded in 2021 by Ravi and Anuja Kabra, Skippi specializes in natural ice pops made with all-natural ingredients and RO water. The brand offers a range of flavors including traditional Indian options like Kala Khatta and follows an omnichannel retail model, selling through its website, online marketplaces, and a network of distributors and stockists. Skippi’s products are now available in over 20,000 retail outlets across India and on platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, and its own website. The company has also diversified its portfolio with new offerings such as Crazy Corn, Cornsticks, and Cream Rolls.

Sportstech platform str8bat raises $3.5 Mn in Series A

EntrackrEntrackr · 9m ago
Sportstech platform str8bat raises $3.5 Mn in Series A
Medial

Sportstech platform str8bat has raised $3.5 million (about Rs 29.4 crore) in a Series A funding round led by Exfinity Venture Partners, with participation from TRTL, Eternal Capital, and VCats Group, along with existing investors Techstars and SucSEED Indovation Fund. The Bengaluru-based company had previously raised $517K from its existing investors and others. The proceeds will be used to boost training and performance tracking for athletes, particularly cricketers, str8bat said in a press release. Co-founded in 2017 by Gagan Daga, Rahul Nagar, and Madhusudan R, str8bat develops sensor-based wearables for cricket. Its product analyzes the stance of the batsman, the type of shot, and movements using an AI engine. The platform also claims to enable users to connect with top-notch coaches globally. str8bat has served clients like Rajasthan Royals, Cricket Australia, and SG Cricket, and it has partnered with SG Cricket to introduce the “world’s first smart willow.” This cricket bat, equipped with an IoT device, delivers advanced shot tracking without the need for cameras, enabling players at all levels to access actionable insights and performance recommendations. str8bat reports that it has recorded over a couple of million shots, with around 400 elite-level players currently using its platform. It aspires to have over a million players within five years. Other sportstech platforms in India include Rooter, SportJacks, Worldstage, Sportvot, Joybox Active, KheloMore, and others.

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