Fantasy stock gaming platform Trading Leagues raises $3.5M led by Leo Capital, others

Bengaluru-based fantasy stock gaming application TradingLeagues has raised $3.5 million in a pre-Series A funding round led by Leo Capital, with participation from investors such as Jeejeebhoy Family Office and the family office of KP Balaraj, co-founder of Sequoia India and Westbridge Capital. 

The startup intends to utilize the fresh capital infusion to expand its user community and enhance the app's user experience. TradingLeagues, operated by RAIN Technologies, was launched in November of the previous year by Raghu Kumar (co-founder of Upstox) and Harsh Agarwal (co-founder of AGacquisitions). 

It also manages TradingRooms, a social investment app. Although registered in the United States, the majority of its operations are conducted from its Bengaluru office. 

Founded by Harsh Agarwal and Raghu Kumar, TradingLeagues said it offers users the opportunity to participate in both free and paid fantasy trading leagues, enabling them to test predictions and indicators, develop investment strategies, and improve their stock market skills. 

The platform primarily focuses on Indian and US stocks, as well as the crypto market. In addition to platform/entry fees, the stock gaming app generates revenue by taking a percentage of the competition's prize pool.

Since its launch just five months ago, the startup claims that its app has garnered over 750,000 downloads and is steadily approaching the one-million mark. While TradingLeagues did not disclose the exact number of active users, it revealed that approximately 8% of users engage with the app daily, while 60% are active on a monthly basis.

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