TradingLeagues has received an investment of up to 3.5 million dollars to fund its gamified stock market platform. It received the funds for early-stage growth as Pre-Series A, and it is the funding stage after seed funding or the initial startup cost.
Leo Capital was the leading investing group for the financing. The family offices of Jeejeebhoy Family attended the meeting. Westbridge cofounder KP Balaraj’s office was also another participant.
Plans For Using The Funding
The founders of TradingLeagues will use the investment funding they have received to improve the UX. This will help make the user experience better. They aim to make their users get an amazing gaming experience. It will also use the funds for its organic growth.
A large part of the investment money will also be used to increase the number of customers. It might take a few years to achieve this goal. Raghu Kumar, the cofounder, revealed his plans for this.
The startup will also focus on hiring more people and marketing their business.
What Raghu Kumar And Rajul Garg Said
Raghu Kumar said,
“We are excited to partner Leo Capital and would like to thank them and our other investors for believing in our vision… Our goal is to introduce crores of Indians to the financial markets, and that too quickly, by leveraging the incredible power of gamification and removing the unnecessary obstacle of opening a brokerage account.”
Rajul Garg headed Leo Capital and said investors now have high confidence in the gaming startups. This is mainly because of the online gaming regulations announced some time back. He also said that the future of the stock marketing gaming business is bright.
Rajul has a lot of trust in TradingLeague because of the latter’s strong staff and business policies. People of India have benefited from the gaming startup and have a good stock market experience.
What Is TradingLeagues
Raghu Kumar formed TradingLeagues with his partner Harsh Agarwal in 2022. It is a gaming platform that needs skills and offers users the best fantasy trading experience on its app.
Users like to play games of investment and the stock market because they enjoy it. They also get to learn a lot without having to put their money at risk in real life.
TradingLeagues has a vast number of users, above 7.5 lakhs approximately. The app can boast about 1.8 active people who played games on its app every month in May 2023, and the number keeps increasing.
The startup has a high record of users and a total number of 5 crore games since December 2022. Most people play games on the app for an average of twenty-six minutes daily.
Raghu’s Plan For Growth
Raghu Kumar revealed that their business has a high level of growth. They get an increase of ten to twenty percent in the number of people who like to play games monthly on their platform. He said, “We are also eyeing a global foray this year and plan to raise a Series A round in the next few months.”
The Other Stock Market Gaming Startups
TradingLeagues offers high-quality fantasy gaming services that cater to investment and the stock market. Dream Sports is also another startup in this area. It is a unicorn, and Games24x7 is a gaming startup competing with TradingLeagues.
Why Gaming Is So Popular
The popularity of the internet and the pandemic have contributed to the vast number of people who love playing games. The high number of mobile phone users has increased the number of people who like to play games on apps.
A majority of Indians use their smartphone for long hours. This has made gaming a very friendly and fun activity in India. Stock market gaming startups have a lot of potential for growth in the future.
