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Indian senses fantasy sports ShareChat got backed by Twitter

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Indian senses fantasy sports ShareChat got backed by Twitter

Soon the rising market of imaginary games in India will have a new and strange contestant: ShareChat

In August 2019, the native social networking app, increased $100 million in a funding round led by Twitter. It has established an imaginary sports app. Two foundations same with the trouble informed TechCrunch, this app has been silently analyzing it for six months.

ShareChat’s imaginary games app, known as Jeet11 It permits gaming on cricket and football matches. According to the speakers, it also has already combined up to 120,000 registered users. The app, or its website, does not reveal its connection with ShareChat.

A ShareChat representative assured the reality of the app. He mentioned that the startup was analyzing the product. “It is now at a testing phase. Founded on the result of the experiment, we will select on the upcoming of the product.”

Jeet11 is not available for download on the Google Play Store due to the Android maker’s guidelines on sports fantasy apps, so ShareChat has been distributing it through Xiaomi’s GetApps app store and the Jeet11 website (which offers the app installation file). It is also promoting it on Instagram. It is also available as a web app.

Imaginary sports, a pretty great business in several markets. It has expanded some grip in India in recent years. Dream11, recovered by gaming giant Tencent, requested to have up to 65 million users early last year. It is higher, about $100 million to date, and already appreciated north of $1 billion.

Bangalore-based MPL that sums Sequoia Capital India as a depositor, Virat Kohli, the captain of the Indian cricket team, stated it also increased up to $40 million. In the last two years, scores of startups have appeared to catch a share of the market. And the enormous strength of them is attentive to cricket. 

According to Disney’s Hotstar, cricket is the most popular sport in India. He demanded to have up to 100 million daily active users during the cricket season last year. Or enquire Facebook, which ineffectively bid $600 million to protect the flowing rights of the IPL cricket tournament. 

It gripped rights to some cricket material and selected the Hotstar chief as its India controller. Thus it appears as no wonder that several sports gaming apps have contracted cricketers as their brand representative. Hala-Play has fastened in Hardik Pandya and Krunal Pandya, while Chennai-based Fantain Sports has selected Suresh Raina.

Harsh Vardhan

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