Indian NFT Cricket Platform Rario Raises $120M Round Led by Dream Capital

Rario, a non-fungible token platform for cricket, raised a $120 million Series A round led by Dream Capital, the venture capital arm of fantasy sports platform Dream Sports, to further launch both companies into Web 3.

Dream Capital is partnering with Rario to help sports fans engage deeper with their favourite cricket teams, Dream Sports chief strategy officer Dev Bajaj said in a press release on Thursday. Mumbai-based Dream Sports is looking to back more startups globally in the Web 3 space with innovative utilities of NFTs, Bajaj said.

The company which was founded in 2021, recently signed a partnership with Cricket Australia and the Australian Cricketers’ Association to create an Australian cricket metaverse.

Source: News Formal (newsformal.com)

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