Ashneer Grover launched cricket fantasy sports app ‘CrickPe’: Before the Indian Premier League (IPL) tournament, Ashneer Grover, co-founder of BharatPe, has launched CrickPe, a new cricket-focused fantasy sports app. This app will compete with Dream11, the Mobile Premier League (MPL), and Games24x7’s My11Circle. Third Unicorn Pvt Ltd, founded by Ashneer Grover, has raised $4 million in seed funding from more than two dozen angel investors, including Anmol Singh Jaggi, Anirudh Kedia, and Vishal Kedia. Grover was previously associated with the unicorns BharatPe and Grofers. The app’s launch is timed to coincide with the upcoming IPL tournament, and users will be able to enter contests for IPL matches beginning March 31, 2023.
March 2023 Current Affairs Quiz
Features of CrickPe
- CrickPe is a newly launched cricket-focused fantasy sports app that allows users over the age of 18 to create virtual cricket teams and compete for cash prizes based on real-life player performance.
- Users can also create private groups and compete in contests to earn rewards. The app will charge a 10% platform fee for any public or private contest. It will offer free contests for users to improve their skills.
- The platform includes a one-of-a-kind feature that allows users to send cash rewards to their favourite cricketers in amounts ranging from Rs 100 to Rs 100,000 per cricketer per fiscal year.
- CrickPe will charge a 10% fee for transactions of cash rewards accepted by cricketers starting from June 2023. However, the app is not acting as an agent of cricketers and is solely offering the feature as a user agent.
About the Ashneer Grover
- Ashneer Grover is an Indian entrepreneur and co-founder of several successful startups. He was born in 1982 in Delhi, India, and completed his MBA from the Indian School of Business in Hyderabad.
- Grover began his career as a management consultant with A.T. Kearney in 2005. Later in his career, he served as Chief Financial Officer (CFO) for companies such as GreenDust and Bharti AXA Life Insurance.
- In 2018, Grover co-founded BharatPe, a financial technology company that provides payment solutions to merchants in India. The company has since become one of the fastest-growing fintech startups in India and achieved unicorn status in 2020, valued at over $1 billion.
- Grover was also associated with Grofers, an Indian online grocery delivery service, as its CFO before co-founding BharatPe.
- In 2022, Grover launched his third venture, Third Unicorn Pvt Ltd, which has developed a cricket-focused fantasy sports app called CrickPe.