Fantasy gaming startup BuyStars raised $5 million in Pre-Series A led by VC fund Lumikai, Chiratae and Leo Capital. BuyStars plans to use the funds to expand its business and launch new games on the platform.
BuyStars is a startup that specialises in sports collectibles and skill gaming. It provides skill games such as fantasy, player trading, and trump cards. Aman and Sriram, the founders, have extensive experience in the Indian real money gaming (RMG) market.
They held product and marketing leadership positions at a variety of companies, including Jungle Games, cure.fit, Games24X7, IBM, Amazon, Flipkart, and TCS. The startup claims to have 1.5 million users and a monthly gross merchandise value (GMV) of more than $1 million.