India's esports fantasy startup FanClash raises $40 million in new funding

Oluwajuwonlo Afolabi -

FanClash, an India-based platform turning video games into spectator-enabled contests has raised $40 million in its Series B funding round from Matic Networks (Polygon), Sequoia Capital India, and Info Edge India.

  • The fund will be used to build a data and fan engagement platform, improve its team and user acquisition, and support its expansion plans, the firm claims.
  • FanClash is an online gaming platform that enables viewers to coordinate tournaments and use their knowledge of the games to make money.
  • It launched its products in India in 2021, and in the Philippines in 2022, with plans to launch in Vietnam and the US by early 2023.
  • It last raised $10 million in August 2021 from Sequoia Capital India, Falcon Edge, and Info Edge India.