The transaction is likely to be in tranches, with GMR likely to top up in the subsequent rounds, buying out some early backers, the people mentioned above added.
The gaming company endorsed by celebrity cricket commentator Harsha Bhogle will see some of its early backers, angel investors and others exit through this deal, one of the four people said. "It is a mix of primary and a small secondary share sale, and some early investors are likely to sell," the person said. "In subsequent rounds, the valuation will be doubled," he added.
According to data from Tracxn, Fantasy Akhada, which is backed by investors including Prime Securities Team India Managers Ltd, has raised $15 million so far. The founders hold a 44.41% stake in the firm, while angel investors own 35.48%.
Bu hikaye Mint Mumbai dergisinin January 05, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin January 05, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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