League11.in, a fantasy gaming platform, raises venture debt financing

Fanmade11 Fantasy Sports Private Limited League11.in, an online platform offering fantasy gaming for cricket, basketball and football, has raised its maiden funding round from KapTable and AngelBay in the form of a venture debt Transaction.

Mayank Singh, the CEO & Founder of League11 stated, “We are ecstatic that KapTable and AngelBay have placed their faith in our young team. We have been bootstrapped until now and we plan to use these funds to continue to enthrall our users and introduce our Poker product, Justice Poker in this quarter while also expanding our team.”

“Shubham Bansal, the Co-founder of League11 and Mayank have been avid gamers and full time coders and have demonstrated a single minded vision in developing code and nurturing the young engineers in their team. In League11, we found a team that has developed a world class product that is significantly ahead of competition. The singular focus on the mission along with the talent of the team made this investment a no-brainer for us and AngelBay,” said Arjun Gopinath, Co-founder of KapTable.

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Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

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