MUMBAI: Mumbai-based sports social fantasy gaming platform Fanspole announced raising pre-seed funding round led by Better Capital and the launch of its fantasy sports app . The startup will utilise the fresh funding for further product development and boost marketing.

A report by KPMG and Indian Federation of Sports Gaming stated that India’s online gaming industry is set to grow at a CAGR of 22% from 2018 to 2023, with e-sports driving major revenue and growth.

The app is designed with the aim that users can create contests with their own rules and play with their friends, fans and followers as well as family without any restrictions. It also aims to create an online community of friends, schools friends, college groups, office colleagues as well as for influencers to engage and extend their connection with their fans.

Fanspole currently supports major sports and esports including cricket, Football, PubG, Call of Duty, Free Fire with many more coming soon.

It is founded by Aniket Shinde and Hardik Gondaliya. The duo brings product and engineering experience across multiple startups where they’ve scaled to 1M+ users and have built Fanspole with a product-first approach and constant iteration for seamless user experience.

Aniket Shinde, Co-founder & CEO of Fanspole, said in a statement,“India has a market of 300Mn+ sports viewers in India and we consider each viewer as a potential fan. We are truly excited to create a holistic e-gaming platform and create a holistic online community for our fantasy gamers.”

Fanspole is a completely free app that users can use to create contests and play public as well as private contests. Users pay a small fee when they run paid contests and continue to maintain complete control over contest rules and personalization.