Web3 platform Fanztar raises <span class="webrupee">₹</span>5 cr led by India Quotient, ShareChat founders
May 12, 2022
Fanztar plans to utilize the funds towards product development to cater to the evolving market demands. Additionally, the web3 platform will also expand its technology and business teams and empower breakthrough creators across the nation. Fanztar will also allocate the funds towards product innovation and launching the industry-led product in the market to drive the future of creator monetisation. “We are heading towards a future where web3 will upend business models across industries. For the first time, fans now have an opportunity to become part of the value creation journey of a creator, enabling them to become active players in the process rather than be passive consumers of content. For creators, we are opening up a new channel of monetisation, engagement and advocacy in the form of incentivised fans," said Himanshu Garg, co-founder and CEO, Fanztar.