Fanztar, a web3 platform for the creator economy, revealed that it has raised Rs 5 crore in seed funding lead by India Quotient, a seed-to-early-stage venture capital firm with over 100 firms under its belt.
Himanshu Garg (CEO) and Sahil Singla, both IIT Delhi graduates, launched Fanztar (CTO). Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan, as well as Manohar Charan (ShareChat’s CFO), Sarthak Misra (Softbank India’s Investment Director), and Tarsame Mittal, were present for the fundraising (TM Talent Management).
Fanztar intends to use the money on solid product development in order to meet changing market demands. In addition, the Web3 platform will enable breakthrough inventors across the country by expanding their technological and business teams.
Fanztar will also use the cash to invest in product development and the introduction of an industry-led product to help drive the future of creative monetisation.