Indian rummy company ups investment in daily fantasy sports platform

The positive news this week that two Indian superior courts have found that daily fantasy sports entails extensive skill and application and therefore falls outside the definition of gambling (see previous reports) has been followed by an announcement from Indian rummy provider Ace2Three that it has upped its investment in DFS site Fanfight by a million dollars and now has a majority stake.

It appears that Ace2Three parent Head Infotech has chosen to enter the DFS field via Fanfight rather than develop its own platform, and has been accumulating shares in the DFS operator since 2017.

The latest million dollar investment from Ace2Three will be used for Fanfight marketing, hiring tech and analytical talent, and scaling the product, focusing initially on cricket but moving on to football and other sports, according to Infotech.

FanFight is a peer-to-peer fantasy gaming mobile application that was launched in December 2016.