Thursday, Apr 25 2024 | Time 06:17 Hrs(IST)
image
Business EconomyPosted at: Nov 30 2022 1:57PM


Gamerji raises USD 3 mn in Pre-series

Mumbai, Nov 30 (UNI) India’s leading e-sports tournament platform Gamerji has raised $3 million in a Pre-Series A round from GVFL (formerly Gujarat Venture Finance Ltd) and Unicorn India Ventures, which has backed Gamerji from its early stages.
The funds will be used for growing the platform in recently launched international markets within the MENA region along with launch plans for SEA starting with Indonesia and the Philippines.
The company also plans to use these funds towards developing tech solutions and EaaS (E-sports as a service) to enhance the online gaming experience.
Soham Thacker, CEO and Founder, Gamerji, said: “Gaming landscape in India has changed drastically. The stakeholders and aspiring gamers are spending more time understanding the gaming industry. This has resulted in fast growth of the sector.
"Gamerji has had a head start and we have already launched in the Middle East. We are also in the process of rolling out in newer geographies and fresh infusion of capital will help us meet our growth targets ahead of timelines.”
Gamerji has raised &5 million till date in funding including this round.
Kamal Bansal, Managing Director, GVFL, said: “Gamerji is India’s leading platform for e-sports gaming tournaments and we are excited to support such a dynamic organisation.
"Gaming is one of the fastest-growing industries in India with mobile gaming dominating the sector, accounting for more than 90 per cent of it. Together, we aim to help them expand their footprint and digital presence across the globe.”
Bhaskar Majumdar, Managing Partner, Unicorn India Ventures, said: “Gamerji’s vision to provide a credible platform for amateur gamers as they aspire to become pros is a large untapped market.
"Right from the start, Soham has worked towards this mission and we have seen the merits of it resulting in Unicorn India doing 3 rounds of funding in the Company. And we continue to support Gamerji’s growth story.”
UNI JS SY MR
Please log in to get detailed story.
Tags: #Gamerji raises USD 3 mn in Pre-series
More News

NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

see more..

KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

see more..

Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

24 Apr 2024 | 7:31 PM

Kolkata, Apr 24 (UNI) Dish TV has taken a path-breaking initiative to redefine the entertainment experience in India.

see more..

TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

see more..

REC to provide loan of Rs 1869 cr to Chenab Valley Power Project in J&K

24 Apr 2024 | 6:38 PM

New Delhi, April 24 (UNI) State-owned non-banking finance company REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which it will provide financial assistance of Rs 1,869.265 crore as a term loan.

see more..
image