Friday, November 22

Tag: smaaash

Sachin Tendulkar Backed Smaaash Entertainment Expects to Raise Millions From IPO
18Jul By Gauri SinghNo Comments
Market

Sachin Tendulkar Backed Smaaash Entertainment Expects to Raise Millions From IPO

A virtual gaming firm Smaaash Entertainment that was backed by Sachin Tendulkar is expected to launch its initial public offering (IPO) by the end of this year in December 2018. The company has anticipated an amount of about $72 million (Rs 500 Cr) from its IPO. According to the reports, in the financial year 2017, Smaaash’s operating revenue closely doubled to $16 million (Rs 103.26 Crore), and along with this its losses also increased by around 33% to $5 million (Rs 32.8 Crore). The funds acquired by the initial public offering will be utilized the purpose of inorganic growth initiatives, repay part of its debt and for the requirements of its working capital. The company was founded in 2012 by film director and producer Shripal Morakhia. Smaaash is a gaming arcade operator with ...
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Sachin Tendulkar Backed Gaming Startup Smaaash Raises Funding
27Nov By PriyankaNo Comments
FUNDING

Sachin Tendulkar Backed Gaming Startup Smaaash Raises Funding

Cricket master-blaster Sachin Tendulkar backed virtual reality gaming startup Smaaash has raised $3.8 million funding from VC firm Sixth Sense Ventures. Mumbai based investor firm has invested this money which is the part of a larger round spread over by the next week. Post these rounds, the gaming startup is expected to reach a valuation of around a hundred million US dollars.   “I believe SMAAASH will have an extremely interesting journey, being an entertainment player with a compelling product proposition and a futuristic global gaming play,” said Nikhil Vora, VC firm head. Vora has joined the company’s board of directors as part of the transaction. Also Recommended Bitcoin Soon To Embark $10,000 Cryptocurrency Craze Increases     Elon Musk In His Bet, Built The Bi...
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