Indian Esports Fantasy Platform FanClash laid off 75% Workforce Within A Year Of Raising $40M – In the recent past, we have seen Start up companies in India conducting layoffs. One of the popular Fantasy Esports Start up, Fanclash fired close to 75% workforce after raising more than $40M before June 2022. Latest reports suggest that the lay off took place in three different rounds with close to 100 employees getting axe from the company. Those reports further reveal that the impacted employees were given a two-month salary as a severance package. For future updates on Gaming and Esports, follow InsideSport.IN.
The Mobile Esports gained attention when the popular BR titles such as Battlegrounds Mobile India and Garena Free Fire attracted mass audiences. However, with both the titles facing bans, platforms like Fanclash suffered a massive blow in all the departments. As a result of this, the platform had to stop its several other operations and eventually had to lay off a big number of employees to sustain.
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Indian Esports Fantasy Platform FanClash laid off 75% Workforce Within A Year Of Raising $40M
After all these information spread out rapidly, we reached the Fanclash officials to go to the depth of this matter. However, they refrained themselves from commenting on the mentioned issue.
Apart from BGMI and Garena Free Fire, FanClash also allows its users play fantasy for esports such as COD Mobile, COD PC, Valorant, CS:GO, League of Legends, DOTA 2, among others.
In India, most of the fantasy audience are cricket and football fans, and they don’t actively play fantasy games. For that very reason, FanClash decided to foray into cricket ahead of the start of the Indian Premier League (IPL). Things seem to get better only when popular mobile Esports games such as BGMI, Garena Free Fire return.
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