HalaPlay
Founded Year
2017Stage
Unattributed | AliveTotal Raised
$8.67MLast Raised
$1.22M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+12 points in the past 30 days
About HalaPlay
HalaPlay is a Daily Fantasy Sports platform focused on offering cash-based games in the sports industry. The company enables users to create virtual teams of real players from various sports, participate in contests, and win cash prizes based on the actual performance of players in live matches. HalaPlay provides a variety of leagues across international and domestic sports events, catering to cricket, football, kabaddi, and other sports enthusiasts. It was founded in 2017 and is based in Bengaluru, India.
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Expert Collections containing HalaPlay
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
HalaPlay is included in 2 Expert Collections, including Gaming.
Gaming
5,181 items
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Artificial Intelligence
14,767 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Latest HalaPlay News
Jul 22, 2024
The Goods and Services (GST) department has sent notice to Openplay Technologies and Halaplay Technologies, the two subsidiaries of listed gaming company Nazara Technologies, requiring them to pay nearly Rs 1,120 crore in retroactive taxes for the fiscal years 2018 through 2023. According to Nazara’s stock exchange filing on Wednesday, Openplay has a proposed liability of Rs 845.72 crore and Halaplay has been asked to pay Rs 274.21 crore. According to Nazara, these allegations have to do with how GST is calculated using player pooled amounts rather than gross gaming revenues. “Both subsidiaries are reviewing the notices with their legal counsels and tax advisors to determine their future course of action,” added Nazara. In August 2021, Nazara paid Rs 186.4 crore for a 100% share in the Hyderabad-based skill gaming startup OpenPlay, while it used several investment rounds to take over Halaplay. Additionally, Nazara stated that for the quarter that concluded in March 2024, these subsidiaries combined accounted for less than 2% of its sales and less than 1% of its profit. Nazara reported total revenue of Rs 254.43 crore and profit of Rs 17.8 crore for the first quarter of FY25. From Rs 1,091 crore in FY23 to Rs 1,138 crore in FY24, Nazara’s operating revenue climbed by 4.3%. Despite the flat scale, Nazara’s profit increased by 23% to Rs 75 crore in FY24 from Rs 61 crore in FY23 thanks to controlled costs and a surge in other income. The government imposed a 28% GST on real money gaming companies in October of last year, which sparked strong opposition from the industry, including Nazara. It is not new that Openplay Technologies and Halaplay Technologies received notices from GST. These notifications were also sent to gaming companies like Dream11, MPL, Probo, and Gameskreaft. The retroactive tax was also contested in court by Gameskraft, EGF, and Play Games24x7, all of Bengaluru, but the Supreme Court moved 27 writ cases that were pending in 11 high courts around the nation. The government is reportedly considering easing retroactive taxes in the real money gaming industry.
HalaPlay Frequently Asked Questions (FAQ)
When was HalaPlay founded?
HalaPlay was founded in 2017.
Where is HalaPlay's headquarters?
HalaPlay's headquarters is located at HSR Layout Junction, Bengaluru.
What is HalaPlay's latest funding round?
HalaPlay's latest funding round is Unattributed.
How much did HalaPlay raise?
HalaPlay raised a total of $8.67M.
Who are the investors of HalaPlay?
Investors of HalaPlay include Milan Ganatra Ventures, Nazara Technologies, Adda52.com, Delta Corp and Kae Capital.
Who are HalaPlay's competitors?
Competitors of HalaPlay include Fantasy Akhada and 5 more.
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Compare HalaPlay to Competitors
Dream11 focuses on digital fantasy sports. The company provides a platform where users can create virtual teams of real sports players and compete in various sports games, including cricket, football, kabaddi, basketball, hockey, volleyball, handball, rugby, futsal, American football, and baseball. The performance of these virtual teams is based on the real-life performance of the players, and users can win points and cash prizes based on this. It primarily serves the digital sports industry. It was formerly known as Dream Sports. It was founded in 2007 and is based in Mumbai, India.
Games24x7 is an online gaming company that operates in the entertainment industry. The company offers digital gaming experiences, primarily focusing on skill games and fantasy sports. It primarily caters to the online entertainment industry. It was founded in 2006 and is based in Mumbai, India.
BalleBaazi is an online platform focused on fantasy sports gaming, offering users the ability to create virtual teams and participate in various fantasy leagues. The company provides a platform where users can build their own teams based on real-life player performances in sports such as cricket, football, and kabaddi, and compete for cash prizes. BalleBaazi caters to the online gaming community, providing engaging experiences in fantasy sports leagues and tournaments. It was founded in 2018 and is based in Delhi, India. BalleBaazi operates as a subsidiary of Baazi Games.
MyTeam11 is a fantasy sports platform offering a variety of online gaming experiences in the e-sports industry. The company enables users to create fantasy teams for various sports, participate in contests, and win cash prizes based on real-match player performances. MyTeam11 caters primarily to the fantasy sports market, providing services such as instant withdrawals, customer support, and fair play policies. It was founded in 2016 and is based in Jaipur, India.
Hitwicket focuses on the development of cricket gaming experiences. The company offers a cricket strategy game that aims to provide cricket fans and is expanding into football, NFTs, and blockchain gaming. It was founded in 2012 and is based in Hyderabad, India.
Mobile Premier League (MPL) is a mobile eSports platform that offers a variety of games across multiple categories, including fantasy sports, card games, and arcade games. The platform enables users to participate in free and paid competitions, providing opportunities to win real money through skill-based games and tournaments. MPL caters to a diverse audience with its wide range of gaming options, appealing to casual gamers as well as competitive players looking for a challenge. It was founded in 2018 and is based in Bengaluru, India.
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