BalleBaazi

BalleBaazi

Online fantasy sports platform

Founded

2017

Headquarters

Delhi (India)

Status

Series A

Company Details

BalleBaazi is a leading Indian online fantasy sports platform. Operated under the umbrella of Baazi Games, BalleBaazi has rapidly grown to become one of the most popular destinations for fantasy gaming enthusiasts in India, boasting a user base of over 9 million and distributing more than ₹400 crores in winnings. The platform allows users to participate in fantasy leagues across multiple sports, including cricket, football, kabaddi, basketball and baseball, with regular additions of new sports and formats to keep engagement high.

Core Products & Services

  • Fantasy Sports Leagues: Play fantasy cricket, football, kabaddi, basketball and baseball by creating virtual teams and competing for real cash prizes.

  • Multiple Game Formats: Offers classic, reverse, batting, bowling and other unique fantasy formats for deeper engagement.

  • Live Sports Trading: Exclusive feature for live match polls, predictions and sports trading to win real money.

  • Player Intelligence Tool: Advanced analytics and player stats to help users build winning teams with informed decisions.

  • Arcade Games: Includes poker, general knowledge quizzes and other skill-based games for additional entertainment and cash rewards.

  • Refer & Earn Program: Earn bonuses by inviting friends to join and play on the platform.

  • Responsible Gaming Features: Self-exclusion and fair play measures to ensure a safe and ethical gaming environment.

  • Digital Gift Cards: Gift cards for fantasy sports participation and in-app purchases

Business Model & Revenue Streams

BalleBaazi’s business model is centered on a mix of direct user payments and strategic partnerships:

  • Entry Fees for Paid Contests: The primary revenue stream comes from users paying entry fees to participate in cash fantasy leagues. BalleBaazi retains a commission (typically 15–20%) from each contest’s prize pool, which forms the bulk of its revenue.

  • Subscriptions and Season Passes: The platform offers season passes and premium features, providing users with enhanced analytics, exclusive contests, or reduced entry fees for a fixed subscription price.

  • Advertising and Sponsorships: BalleBaazi monetizes its large, engaged user base by displaying ads, running branded contests and partnering with sports leagues and brands for sponsored campaigns.

  • Referral and Loyalty Programs: While primarily a user acquisition tool, referral bonuses and loyalty points (BalleBaazi Coins) can be used to re-enter contests or redeem rewards, driving repeat engagement and in-app spending.

  • In-App Purchases: Users can buy additional features, participate in special events, or purchase merchandise through the app, contributing to incremental revenue.

Customer Segmentation

  • B2C: The main audience is sports fans aged 18–40, with a strong presence in Tier 2 and Tier 3 cities, representing 70% of the user base. This demographic values skill-based gaming, real-time engagement and the potential for cash rewards.

  • B2B: BalleBaazi also partners with sports leagues, teams and brands for co-branded contests, sponsorships and content integration.

Growth Strategy

  • Market Expansion: Leveraging recent funding to enter new markets, add more sports and increase regional language support.

  • Product Innovation: Regularly launching new fantasy formats (e.g., daily, seasonal, private leagues), integrating real-time analytics, and expanding into virtual games and sports quizzes.

  • Content and Engagement: Building a one-stop content platform for fantasy sports strategy, player analysis and community engagement, reducing reliance on third-party media.

  • Strategic Partnerships: Collaborating with sports personalities (e.g., Yuvraj Singh), leagues and tech providers to boost credibility and user acquisition.

Key People

Puneet Dua

Saurabh Chopra

Key Metrics

Total Equity Funding

$4.71 Million

No. of Funding Rounds

2

Latest Funding Round

$705.0 K, Series A

as of June 3, 2021

Post Money Valuation

$28.1 Million

as of June 3, 2021

Funding Multiple

5.97

as of June 3, 2021

Investors

Moonshine Technology

Employee Count

71

Similar Companies

Hudle

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
June 3, 2021Series A$705.0 K$28.1 Million$2.5 Million10.8x Snapangel, Moonshine Technology
August 5, 2019Series A$4.0 Million $17.5 Million$1.1 Million11.8xPsm Group, Snapangel

Recent News