Dangal Games Raises $1 Mn In Series A Round; Will Foray Into Fantasy Games The fund will be used to diversify the product portfolio and strengthen its technological infrastructure

By Debarghya Sil

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Dangal Games
Dangal Games Team

New Delhi-based gaming startup Dangal Games on Wednesday announced raising of $1 million in Series A round from an undisclosed strategic investor.

The startup will be utilizing the fresh infused capital to expand its business to newer products. The company aims to become a leading player in the skill-based online gaming sector. The company will further foray into fantasy games before the arrival of next season of the popular IPL.

Founded by Varun Mahna, Varun Puri, Shashwat Jain, Karan Gandhi and Manan Sobti in 2017, Xeta Networks Pvt. Ltd, the parent company of Dangal Games, has tried to offer a range of services to its customers. Dangal Games' PokerDangal, an India-based online poker platform has become an instant hit among Indians. Following the response, the startup launched RummyDangal in the last quarter to further consolidate their presence in the skill game industry. RummyDangal currently enjoys a customer base of around 5,00,000.

According to Varun Mahna, founder and chief operating officer of Dangal Games , "The fund would be used to diversify the product portfolio and build the tech capabilities of the business. The online gaming industry in India is surging like never before. After the pandemic, our whole platform endured an inclining power shot in acquisition and user-time spent. We also want to utilize the funds to grow the gaming ecosystem in the country and enable more gaming tech start-ups with investments.

The company will also be launching its casual gaming vertical in the next quarter.

Debarghya Sil

Entrepreneur Staff

Former Correspondent

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Over 1,300 Google Employees Have Signed a New Petition Asking For Job Security

Google laid off thousands of employees in the past two years, which has left some employees feeling insecure about keeping their jobs.

News and Trends

Healthy Food Brand Salad Days Raises INR 30 Cr Series A Funding from V3 Ventures and CAAF

With the fresh funds, the Gurugram-based brand aims to drive omnichannel expansion, open new stores, enhance technology, acquire talent, boost marketing, explore sales channels, innovate menus, and maintain profitability.

News and Trends

Mankind Pharma, Gauri Khan, and Others Lead Innov8's INR 110 Cr Funding Round

The funding issue was oversubscribed by 2.7 times and facilitated by InCred, with the company being valued at INR 1,000 crore (around USD 120 million).

Business News

Barbara Corcoran Says She Doesn't Look at Resumes: 'Always Hire Attitude Over Experience'

If you think you need a strong resume to work with real estate pioneer Barbara Corcoran, think again.

News and Trends

How GST Budget Reforms Could Shape the Future of India's MSME

The GST reform holds immense potential to bolster India's MSME sector, but its current framework requires critical refinements to address its challenges. The upcoming budget is expected to make major reforms for MSMEs as the backbone of the country.