Ace2Three enters fantasy sports space

Online rummy operator Ace2Three is looking to become a player in the fantasy sports market, investing in soon-to-be-launched fantasy sports portal Fan Fight, operated by WCFN Solutions Pvt. Ltd.

According to a company filing, founder and CEO of Head Infotech Pvt. Ltd., Deepak Gullapalli was allotted 250,000 shares in WCFN Solutions Pvt. Ltd on April 27, 2017, for a sum Rs 2.5 million (US$38,700)

It is also understood that Head Infotech will be investing a total sum of around Rs 10 million for a total stake of around 10 percent in WCFN Solutions.

Fan fight is a peer-to-peer fantasy gaming mobile application that was launched in December 2016. However, the app has been presently withdrawn and it is believed that a new draft-based mobile fantasy app will be launched by the company soon.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts