New Delhi, NFAPost: Better Opinions, a fintech and alternative investment startup, announced raising $1 million from Java Capital and Soma Capital. Better Opinions has been shortlisted for W22 batch of Y Combinator.
The round has seen participation from other marquee angel investors such as UpGrad cofounder Mayank Kumar, GoTo Financials (Gojek-Tokopedia) Head of Product and Engineering Sudhanshu Raheja, Gojek Senior Vice President Pratyush Prasanna, Namshi Chief Commercial Officer Chinmaya Sharma and the Ranadive Family, the co-owners of Sacramento Kings.
Founded in 2021 by Samay Jain and Soumyajit Das, Better Opinions is an event trading platform that allows users to trade their opinions on events in various categories such as cricket, football, finance and entertainment, and allows users to trade on events while matching them with a person with a complimentary trade. It is the stock market exchange of opinions.
Prediction markets sit at the intersection of three of the strongest trends that are being observed today: a propensity to speculate, real money gaming, and social. The prediction market allows you to trade on everyday topics. RMG business is growing at a CAGR of 23% YOY.
The platform launched its Real Money Gaming App “RMG App” in December last year and within a month of its launch claimed to have seen 150K sign-ups with a week on week (WoW) growth of 30%.
