RummyBaazi, an online gaming platform for rummy games, has infused a total of $3 million to expand its footprint in the country.
The platform raised $2 million through a round of seeding from Udtara Ventures after the conglomerate gained confidence in Baazi Games’ ventures following their investment of $2 million in BalleBaazi.com in 2019, states a Press release.
Additionally, Baazi Games, the parent organization of RummyBaazi, has further strengthened its motives of scaling up operations as they set aside another $1 million for this highly revered platform. Prior to this round of investment seeding, RummyBaazi was valued at a pre-money evaluation of $14 million.
Since its inception in 2019, RummyBaazi has been able to scale its operations to great heights as it boasts of a healthy user base of 5 lakh players within just one year of its inception.
The platform operates with its guiding principle of ‘user-first’ offering a seamless and 360-degree experience of online gaming on the highly secure platform without compromising on speed or fun.
Navkiran Singh, Founder & CEO of Baazi Games, said, “As the country is continuously increasing their consumption of Online Gaming, it becomes essential for platforms like RummyBaazi.com to expand their product portfolio to cater to the audience needs.
“Our expanding userbase is a testament to the efforts of RummyBaazi.com to provide its customers with the safest way to play. Given the scenario, we feel this is the perfect time to strengthen our game in the country and we’re glad that Udtara Ventures saw potential in our ideas to scale it further.”
Sunit Warriach, CEO of RummyBaazi.com added, “Baazi Games have been able to create a loyal userbase by providing the most seamless and rewarding experience over the years through online poker and fantasy sports. In order to enhance the experience for our users, we expanded our product line by introducing RummyBaazi.com and through our hard work and constant endeavour we have been successful in making it one of the most rewarding online rummy platform in the country.”