India, Feb. 23 -- Global online mobile gaming platform i3 Interactive Inc has acquired a 51% stake in Indian online fantasy sports platform Livepools.

Launched in 2018 by brothers Vikram and Gaurav Assomull, Livepools claims to have 1.5 Mn registered users on its platform, which offers fantasy cricket, football and quiz games. The company will use the funds to provide greater prize pools, roll out additional product offerings and update newer elements in the app and website for better consumer interaction and a smooth user experience. Livepools aims to attain the 10 Mn users mark by 2022.

"The changing face of the Indian economy indicates favourable conditions for the rapid expansion of the fantasy gaming sector. We personally think tha...