Sixer
VC funded firm that is aiming to blend the three categories together to transcend the fantasy sports landscape and revolutionize the way fans engage with their sport.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 152 % | 48 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Sixer operates as a fantasy cricket platform where users engage with the sport by trading virtual stocks of professional cricket players. Founded in 2018 by Amay Makhija, the Delhi-based company introduced a dynamic where a player's real-world on-field performance directly influences their stock value on the platform. This model requires users to possess a blend of cricket knowledge, analytical judgment, and financial acumen to build a profitable portfolio.
The platform's core product merges fantasy sports with stock market trading mechanics. Users can buy 'Up' stocks for players they anticipate will perform well or 'Down' stocks for those they believe will underperform, creating opportunities to profit from both positive and negative performance shifts. The price of these virtual stocks fluctuates based on detailed in-game metrics, including a player's batting, bowling, and fielding scores. The game operates with both a free-to-play mode using "Sixer Tokens" for practice and a real-money market using "Sixer Coins," where one coin equals one Indian Rupee. To participate in the real-money game, users deposit funds via standard payment gateways, and winnings can be withdrawn to their bank accounts. An administrative or "trading fee" may be applied to transactions.
In June 2021, Sixer's parent company, Beryllium, secured $3 million in a Pre-Series A funding round led by Bullpen Capital, with participation from Genting Ventures and Velo Partners. This capital was aimed at team expansion and product development. A significant milestone occurred in October 2023 when the fantasy sports giant Dream11 acquired Sixer for an undisclosed amount. Following the acquisition, Sixer began operating under the Dream Sports umbrella, with founder Amay Makhija communicating that the partnership would accelerate growth and lead to more features for its user community.
Keywords: fantasy cricket, sports stock market, player trading, virtual stocks, cricket analytics, real money gaming, skill-based gaming, Amay Makhija, Dream11, fantasy sports platform, player performance market, cricket trading game, sport-fintech, online gaming, portfolio management, sports betting, virtual economy, fantasy stocks, daily fantasy sports, cricket analysis