Ace2Three: Clairvest-controlled Ace2Three buys into gaming portal Fanfight

Hyderabad-based Head InfoTech India Pvt. Ltd, which operates online rummy gaming portal Ace2Three, has acquired a majority stake in fantasy gaming platform FanFight for $1 million (Rs 6.50 crore). The company said that the fresh capital will be used for marketing, and hiring tech and analytical talent, besides scaling the product. Since April 2017, when Canadian investment firm Clairvest Group had acquired a majority stake in Ace2Three for $73.7 million, the gaming company was looking to create its own fantasy gaming platform. Head Infotech founder Deepak Gullapalli said that it made sense for the company to acquire [...]