Revolutionize Your Stock Trading Experience with TradingLeagues: The Fantasy Gaming App for Stocks & Cryptos
Bengaluru-based fantasy stock gaming app, TradingLeagues, has successfully raised $3.5 million in a pre-Series A funding round led by Leo Capital. The funding round witnessed participation from notable investors such as the Jeejeebhoy Family Office and the family office of KP Balaraj, co-founder of Sequoia India and Westbridge Capital.
TradingLeagues, founded by Raghu Kumar and Harsh Agarwal, aims to provide users with a unique financial market experience without requiring a brokerage account. The app, operated by Rain Platforms Inc, offers free and paid fantasy trading leagues, allowing users to test predictions, develop investment strategies, and enhance their stock market skills.
Harsh Agarwal, co-founder of TradingLeagues, emphasized the significance of retaining gaming elements while introducing users to the financial markets. The app’s intuitive user experience has garnered praise from existing gamers, and the company’s near-term objective is to further improve and enrich the app with exciting new features based on user feedback.
With a focus on Indian and US stocks as well as the crypto market, TradingLeagues seeks to redefine how average users engage with the financial market by incorporating gamification. The platform generates revenue through platform/entry fees and a percentage of the competition’s prize pool. Since its launch, the app has attracted 750,000 users and facilitated over 50 million games. The company also has plans to expand into the US market within the next 12-18 months.
Raghu Kumar, co-founder of TradingLeagues, revealed that the startup’s current focus is on India. However, once the Series A funding round is completed, the company will pursue the necessary licenses to launch the app in the US and other markets. This move will transform TradingLeagues into a cross-border platform where global users can compete in a real-money gaming environment.
Rajul Garg, Founder and Managing Partner at Leo Capital, expressed confidence in the potential of TradingLeagues, citing recent online gaming regulations as a catalyst for growth in the market. Garg believes that the app’s strong founding team and solid business fundamentals position it well to help Indian users explore the country’s trillion-dollar financial markets.