Exclusive: Agara, a Prediction Market Startup Founded by Ex-Accel and GoTo Execs, Seeks Funding

Agara, a startup developing a prediction market platform, is reportedly in discussions to secure over $7 million in a new funding round. Sources familiar with the matter indicate that Accel is expected to participate in the round.

The company is aiming for a post-money valuation of approximately $25 million, according to one source. That said, the reality is a bit more complicated. these discussions are ongoing, and the terms could still be subject to change.

Founded by Nikhil Ramesh and Manasjoti Saloi, Agara is creating a platform for users to share opinions and participate in prediction markets, with the opportunity to earn money by correctly forecasting future events. The platform aims to cover a wide range of categories, including sports, entertainment, politics, weather, culture, technology, and cryptocurrency.

The founders bring a wealth of experience in AI and building large-scale consumer products to the venture. Ramesh previously held the position of AI Resident at Accel from March to November 2025. Saloi's background includes over six years at GoTo Group as vice president of product management, where he oversaw products related to transport, consumer logistics, GoShop, Kilat, and GoCorp, in addition to managing grocery and other consumer-focused offerings.

While the platform is designed to eventually accommodate global participation, sources suggest that Agara will initially concentrate its efforts on the Southeast Asian market. The platform is also expected to incorporate features such as local and contextual markets, along with options like parlays and leverage.

In response to inquiries from Entrackr, Ramesh stated that the provided information was inaccurate. Accel has not yet responded to requests for comment submitted last week.

This development occurs amidst increased regulatory scrutiny of real money gaming and opinion trading in India. Several platforms, including Probo, Gameskraft, MPL, My11Circle, and Zupee, ceased their real money operations in India in August following regulatory actions.

Globally, prediction market platforms and opinion trading have been gaining traction, particularly in markets with well-defined regulatory frameworks. Companies like Kalshi and Polymarket have experienced increased adoption for event-based trading, and other platforms are experimenting with market-driven models to gauge collective sentiment regarding future outcomes.