LeagueSX, India’s first football fans engagement platform using Fantasy sports at its core, has raised an undisclosed amount of funding from marquee of Indian and International investors.
LeagueSX founder and CEO Anshul Agrawal shared, “85 per cent of football fans support one of top 15 European football clubs. We focus on those 15 clubs and their fans. We cover all major competitions of Europe – Premier League, Bundesliga, La Liga, Serie A, Ligue 1, Champion’s League and Europa League. Besides these, we also cover domestic cup competitions of above mentioned countries”.
At LeagueSX, a football fan can play fantasy for matches of their favourite teams or game-weeks of their favourite competitions across Europe. They also come with a unique format to play fantasy where they have to score minimum to win – Reverse Fantasy. In short, LeagueSX is a customisable fantasy platform, where the fans and their friends can create their own formats.
Director and head of partnerships Akshay Awasthy said, “We are elated on getting acknowledged by some of the best investors from across India, Singapore and Hong Kong, who have shown tremendous belief in our business model. We are really excited to welcome on board these leaders who share the same vision as ours and can add great value to LeagueSX”
The start-up has secured investment at a 10x higher valuation than its previous valuation. The current funding round had seen participation by multiple investors led by LimeRoad co-founder and Apache Cassandra co-creator Prashant Malik and Kraftly chief business officer Akshay Ghulati.
Malik said, “LeagueSX is a new age fantasy football platform which redefines the way football fans engage with their clubs and among themselves. A unique go to market strategy and intrinsic social elements make the product stand out. As of now, LeagueSX has upwards of 0.03 million users in 163 countries at one of the lowest CAC in the industry. Market focus is on Asia, Africa and South America and we plan to have a user-base upwards of 3 million in next 30 months with an impressive 20 per cent MAU.”
According to Technavio, Fantasy football market is growing the fastest among all fantasy sports and is expected to be $6 billion by 2020 characterized by 13 per cent plus growth Y-O-Y in the next five years.