Head Infotech invests in FanFight


Head Infotech, an online gaming company, has picked a majority stake in FanFight by investing $1 million. With this, the online rummy platform forays into fantasy sports by investing in the recently-launched platform, Deepak Gullapalli, Chief Executive Officer of Head Infotech India, has said in a statement. He said the online gaming industry would become a $1-billion opportunity by 2021 from the present $290 million. The number of gamers would go up to 310 million gamers from 190 million. By 2020, the fantasy gaming industry is expected to generate $150 million in revenues. Our Bureau

Source: The Hindu