IBEF: December 31, 2021
EsportsXO, a SaaS-based competition platform created for gaming enthusiasts, received a US$1.1 million seed round from Mumbai Angels Network, a platform for early-stage investors. We Founder Circle, SucSEED Indovation Fund, FAAD Network, SOSV, and other investors also participated in this round.
The company has created a strategic plan to create an e-sports metaverse for fans and players, and over 150,000 people have already signed up.
Vikas Goel, founder of EsportsXO, said, “E-sports in India is at the same stage where e-Commerce was 15 years ago; there is an abundance of opportunities for everyone. The market in India and the rest of the APAC region is huge, which gives us enough room for creativity and growth. EsportsXO is committed to blending state-of-the-art technology into the online gaming world to provide users with a one-of-a-kind experience. We are thankful to our investors for joining us in our journey. The latest capital infusion will allow us to expand our team and reach.”
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.