Ashneer Grover Strikes Again: CrickPe Bags $3.5M Seed Funding from ZNL Growth Fund

Ashneer Grover’s new adventure CrickPe( Third Unicorn Pvt Ltd) has raised$3.5 million in a seed round led by ZNL Growth Fund along with the participation of 28 other gambles and angel investors, according to its investment documents reviewed by Entrackr. The seed round comes as a surprise because just lately Grover had posted that he'll bootstrap his new company Third Unicorn as opposed to his former adventure BharatPe, one of the hyperactive- funded startups in India.

The board at CrickPe issued shares at a share price of Rs,500 each, amounting to Rs28.45 crore or$3.5 million, as per the documents. ZNL Growth Fund led the round with Rs 10 crore while Vevek Ventures Investments and Rishaayu LLP invested Rs 4 crore and Rs 2 crore independently, as per the documents.

Over two dozen investors including Darshak Rameshchandra Shah, Sumit Bansal, Harsh Jayesh Shah, and Amit Goyal inclusively poured in Rs12.45 crore in Third Unicorn’s maiden round. Following the allotment of the round, ZNL Growth holds3.59 stake while Ashnner Grover and family enjoy over 74. Importantly, Ashneer’sco-founder Aseem Gharvi commands8.85 of the capital in the company. As per Fintrackr’s estimates, the company has been valued at around Rs 280 crore$ 35 million( post allotment). Grover didn't respond to WhatsApp dispatches from Entrackr seeking comment for this story.

Third Unicorn is launching a fantasy sports app CrickPe which will allow players to share in public, private, or “ mega contests ” to earn cash prizes. Entrackr had simply reported about CrickPe on Monday. The launch of CrickPe comes ahead of the Indian Premier League( IPL) which will start on March 31. The adventure, which is yet to launch apps for iOS and Android bias, will directly contend with Dream11, MPL and other fantasy sports operations.

Fantasy and real gaming space surfaced as one of the top profit generating parts in the last financial and which must have maybe attracted Grover’s interest. Data collected by Fintrackr shows Dream11 was the top in the list with Rs,841 crore followed by Gameskraft, Games24x7, A23, MPL and Gameberry. Gameskraft dominates in terms of profitability with Rs 937 crore gains.

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