FanClash Raised $40 Million to Fund its Future Esports Ventures
Colin Smith — June 20, 2022 — Tech
References: fanclash.in & esportsinsider
'FanClash' is a large esports startup in India that specializes in what it calls fantasy esports. Fantasy esports function similarly to the largely popular hobby of fantasy football where players assemble fantasy teams comprised of real players to compete with their friends. FanClash's fantasy esports league allows players to create teams of real esports professionals and accrue points based on the individual performance of each esports professional on the team. There are a range of rewards available for players to earn through this system.
FanClash's second focus is on esports organization itself. The company hosts a variety of esports tournaments across India with focuses on popular titles such as 'League of Legends,' 'Valorant,' and 'Counter-Strike.' The company will use this funding to expand its tournaments and potentially enter new areas of esports in the future. FanClash stated that it "wants to be a household name in gaming" in the near future.
Image Credit: FanClash
FanClash's second focus is on esports organization itself. The company hosts a variety of esports tournaments across India with focuses on popular titles such as 'League of Legends,' 'Valorant,' and 'Counter-Strike.' The company will use this funding to expand its tournaments and potentially enter new areas of esports in the future. FanClash stated that it "wants to be a household name in gaming" in the near future.
Image Credit: FanClash
Trend Themes
1. Fantasy Esports - The rise of fantasy esports presents an opportunity for companies to create platforms that allow players to assemble fantasy teams and participate in leagues based on the individual performance of real esports professionals.
2. Esports Tournaments - Hosting esports tournaments presents an opportunity for companies to attract large audiences and potentially become household names in gaming.
3. Expansion in Esports - The expansion of esports into new areas presents an opportunity for companies to capitalize on the growing market and reach new audiences.
Industry Implications
1. Fantasy Sports - The trend of fantasy esports can be applied to the fantasy sports industry to create new platforms and opportunities for players to engage with sports beyond traditional means.
2. Esports Organizations - Companies that organize esports tournaments can leverage the trend towards esports to increase audience engagement and potentially become household names in gaming.
3. Gaming Hardware - The growing interest in esports presents opportunities for gaming hardware companies to develop specialized products for esports players and events.
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