A prominent name in the fintech and investor community as well as founder and former CEO of Miles Software, Milan Ganatra, marks his entry into India’s booming online gaming ecosystem with a major investment in HalaPlay Technologies. Entering the fantasy gaming ecosystem in April 2021 he invested in the Daily Fantasy Sports (DFS) platform which is a subsidiary of the publicly listed Nazara Technologies. A veteran in software technologies and investment, Ganatra will be seen mentoring the young team of HalaPlay in his investor role.
While fintech remains his priority, the online fantasy gaming space has always intrigued him which led him to take this step. Elaborating on this move he says, “I have been keeping a close eye on the space. India’s online gaming ecosystem has been on a consistent upward trajectory with the market set to grow to Rs 18,700 crore by 2022. With the incredible potential it has shown so far, I felt that it was the right time to make a move. HalaPlay is amongst the top companies in the category which makes it an ideal platform to enter the space with.”
Ganatra began his entrepreneurial journey with Miles Software in 1998 and nearly two decades later sold it to Ebix Cash in 2018. Currently, Ganatra is spearheading his new venture, 1Silver Bullet, a fintech platform that provides gateway infrastructure for a range of tech-based avenues in areas such as wealthtech, findtech, edutech, agritech, insurance, travel tech. Additionally, he has made significant investments in Finalyca (joint venture with PMS Bazaar) and Education funding company Financepeer.