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BuyStars raises USD 5 mn

BuyStars raises USD 5 mn

Funding News

BuyStars raises USD 5 mn

Sports collectibles and skill-based gaming company BuyStars on Wednesday said it has raised USD 5 million (about Rs 41.40 crore) in a funding round led by Lumikai (India’s pioneering Gaming and Interactive-focused VC Fund), Chiratae and Leo Capital.

The Pre-Series A funding round will be allocated towards investing in growth and launching new games on the platform, the company said in a statement. With the fresh funding, BuyStars has now raised USD 9 million in total till date.

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“We started with a mission to disrupt how cricket fans engage with games today. While funding is never a testament to a company’s success, however, when experienced investors decide to back a company, it’s definitely a great validation of the mission one started with and a tribute to the hard work of a team which came together to build it,” BuyStars CEO and Co-founder Aman Satija said.

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