GMR Sports in talks to acquire a ‘significant stake’ in Harsha Bhogle’s Fantasy Akhada

Fantasy gaming firm Fantasy Akhada is reportedly planning to sell a ‘significant’ stake to GMR Sports, a GMR Group entity, at a valuation of $160-175 million.

Harsha Bhogle, a commentator, has joined Fantasy Akhada as an investor and ambassador since 2020. According to Mint, the transaction is likely to take place in tranches, with GMR topping up in subsequent rounds and buying out some early backers. “It is a mix of primary and a small secondary share sale, and some early investors are likely to sell.