Vereeni Investments Buys a Significant Stake in Fantasy Sports Operator Nostragamus

Vereeni Investments has signed a deal with fantasy sports operator, Nostragamus. This deal sees Vereeni taking a significant stake in the operator, in the form of seven figures.

The sports brand is known for operating a widely popular mobile application which has been ed more than 5 million times and is gaining half a million new s every month.

Using the app, players are able to draft teams and predict results across a range of sports including cricket, soccer, basketball, tennis, bton and kabaddi. Players stand to win real-money prizes using the app. Due to the success of the app, the operator has been very popular in the Indian market, which is growing at a fast pace.

Vereeni Investments officials say that they’ve chosen to invest in the brand because they are impressed by their team and the speed at which the company’s been scaling. They find the Indian market to be exciting and investing in it gives them access to India’s gaming market.

“We have chosen to make a significant investment in Nostragamus because we are hugely impressed by its team and the speed at which it has scaled. India is an exciting market for the gaming industry, and Nostragamus’ innovative marketing and world-class product proposition places it at the head of the field,” Timothy John Heath, founder and CEO of Vereeni said.

Representatives from the operator say that the investment will help then accelerate their growth and give them access to an unrivaled network of international iGaming expertise. They are thrilled to be ing Vereeni and are looking forward to pressing on with the fantasy sports vertical in the coming months.

“This investment from Vereeni will not only help us accelerate our growth, but also give us access to an unparalleled network of international igaming expertise. We are thrilled to the Vereeni network and look forward to further pushing forward the fantasy sports vertical over the coming months and years.” – Yashashvi Takallapalli, CEO of Nostragamus said.

More About the Operator

Nostragamus started its journey as a sports news website and now it operates one of the best apps for fantasy sports. The app is used to draft teams and predict results of matches. The predictions are made based on live matches in a format that’s extremely easy to understand. The app covers tournaments; 6 teams in EPL, Barca and Real in Lagi and Bayern Munich in Bundesliga. Cricket matches are also being covered.

Players must be over 18 to the app. The app counts over 5 million s, 78,000 winners a day and all you have to do is create your name and add a profile picture to your .

Source:

“Vereeni Investments Signs Deal with Nostragamus”, Niji Narayan, europeangaming.eu, September 25, 2019.