Ayron Tech Private Limited, the parent company of upcoming real money gaming (RMG) website Cards52.com, recently concluded its funding round, receiving an undisclosed amount at a pre-money valuation of $1 million from angel investors.
According to the investors, Card52’s growth potential served as one of the reasons for the funding round. As of now, Cards52.com is currently under development and is aiming to reach the top spot in the RMG space in India.
The upcoming platform is aiming to provide a wide variety of gaming options to enthusiasts including poker, fantasy cricket, ludo, rummy, call break, opinion trading and others. The website launch is planned for next month.
Speaking about the funding round, CEO of Ayron Tech, Ramesh Rao Thotapalli, said, “We are excited to receive this funding and support from our investors, which will allow us to take Cards52.com to the next level.”
“We have a strong understanding of the real money gaming industry and are looking forward to introducing new games, safety features and responsible gaming options that will make the platform even more appealing to our players,” he added.
According to Thotapalli, the latest funding round will help in improving security, increase payment methods and allow for development and launch of a variety of more games to the website which will appeal to players.
Ayron Tech credits the success of the funding round to the rapid growth of the online real money gaming industry and their upcoming online gaming platform’s potential. Moreover, the company has expressed its interest to partner with other companies in the gaming industry after the website launch.
Meanwhile, the Indian fantasy sports sector is growing at a rapid pace, according to a report by Deloitte in collaboration with the Federation of Indian Fantasy Sports (FIFS). The fantasy gaming market is slated to grow five-fold by 2027. As a result, many other companies are stepping up and getting ready to enter the real money gaming market.