Vereeni Investments Signs Deal with Nostragamus
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Vereeni Investments has signed a deal with fantasy sports operator Nostragamus. The deal will see Vereeni take a significant stake in Nostragamus in return for a seven-figure sum.
Nostragamus operates a popular mobile application which has been downloaded more than 5 million times and adds over half a million new downloads every month.
Nostragamus allows players to draft teams and predict results across a range of sports including cricket, football, basketball, tennis, badminton and kabaddi, with the chance to win real-money prizes. The operator has enjoyed considerable success in the fast-growing Indian 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 Investments said.
“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 join 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.
Source: Latest News on European Gaming Media Network
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