Fantasy gaming firm Fantasy Akhada is reportedly planning to sell a ‘significant’ stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million.
Harsha Bhogle, a commentator, has joined Fantasy Akhada as an investor and ambassador since 2020. According to Mint, the transaction is likely to take place in tranches, with GMR topping up in subsequent rounds and buying out some early backers. “It is a mix of primary and a small secondary share sale, and some early investors are likely to sell.
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Fantasy gaming firm Fantasy Akhada is reportedly planning to sell a ‘significant’ stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million.
Harsha Bhogle, a commentator, has joined Fantasy Akhada as an investor and ambassador since 2020. According to Mint, the transaction is likely to take place in tranches, with GMR topping up in subsequent rounds and buying out some early backers. “It is a mix of primary and a small secondary share sale, and some early investors are likely to sell.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
