Esports start-up Gamerji raises $3 million funding for business expansion

Spread the love

Esports start-up GamerG on Wednesday said it has raised $3 million in Pre-Series A round from its existing investors GVFL (formerly Gujarat Venture Finance Ltd) and Unicorn India Ventures.

According to the company, the funds raised will be used to grow the platform in recently launched international markets within the Middle East and North Africa (MENA) region, as well as Southeast Asia starting with Indonesia and the Philippines. (SEA) launch plans as well. The company also plans to use the funds towards developing technology solutions and eSports as a Service (EAaS) to enhance the online gaming experience.

Soham Thakar, CEO & Founder, Gamerji said, “The gaming landscape in India has changed drastically. Stakeholders and aspiring gamers are spending more time understanding the gaming industry. This has led to rapid development of this sector. GamerG has made a head start and we have already launched in the Middle East. We are also in the process of rolling out to new geographies and the fresh inflow of capital will help us meet our growth targets ahead of schedule.”

Founded in 2019 by Soham Thakar, Ahmedabad-based Gamerji aims to bridge the gap between amateur and professional gamers through its tournaments. The company allows gamers to compete, host matches, communicate and get recognized for their gaming skills. It has raised $5 million to date.

“Gaming is one of the fastest growing industries in India, dominated by mobile gaming, accounting for over 90% of it. Together, we want to help them expand their footprint and digital presence across the globe, said Kamal Bansal, Managing Director, GVFL, on the funding round.

The platform currently claims to serve over 4 million users and hosts over 400 tournaments a day across 22 titles including BGMI, Free Fire Max, Call of Duty Mobile, Clash Royale, CS:GO among others.

“Gamerji’s vision is to provide a trusted platform for amateur gamers as they aspire to become professionals in a large untapped market. Since inception, Soham Thakar has worked towards this mission and we have seen the merits of it, resulting in Unicorn India raising three rounds of funding in the company,” said Bhaskar Majumdar, Managing Partner, Unicorn India Ventures.

Read also: Ronnie Screwvala-backed DailyObjects targets Rs 500 cr revenue through Apple partner stores, offline expansion

Source link

Spread the love

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.