Cricket NFT platform Rario raises $120 Million Series A funding led by Dream Capital

On April 21st, cricket NFT platform Rario announced a $120 Million Series A funding round led by Dream Capital, M&A arm of Dream Sports.  According to Rario, it has the largest share of cricket NFT rights globally through exclusive partnerships with 6 international cricket leagues and a roster of more than 900 cricketers.  

With Dream Capital’s investment, Ratio now gets access to Dream Sports’ 140 Million users, who will be offered FIAT-only products in India.

Ratio is a digital collectibles platform for cricket fans to collect, trade and play with officially licensed cricket NFTs on the blockchain. It was founded by Indian Institute of Technology (IIT) Delhi alumni Ankit Wadhwa and Sunny Bhanot.  The company has sold over 50,000 NFTs to sports fans across 20 countries since 2021.  

Commenting collaborates with Dream Sports, Co-Founder & CEO Ankit Wadhwa said, “Cricket is the 2nd largest sport in the world with more than 1.5bn fans globally. NFTs are creating new forms of engagement allowing fans to own and trade digital collectibles. Rario’s global cricket NFT ecosystem will be further strengthened by the 140M sports fans on Dream Sports.”

Rario’s partnerships include Cricket Australia and the Australian Cricketers’ Association, international cricket leagues such as Caribbean Premier League, Lanka Premier League, Abu Dhabi T10 League Legends League Cricket.  NFT platform Rario is based on Polygon (MATIC) and transactions are settled in US dollars through credit or debit cards and bank accounts with a 5% fee charged on NFT card sales.