Bengaluru-based gaming startup: Glip raises $3 Mn Funding via Prime Venture Partners
- ByStartupStory | April 13, 2022
Glip, the Bengaluru-based gaming startup is a creator tool suite for gamers so as to create and monetise games, has raised about $3 Mn in its Pre-Series A round led by Prime Venture Partners.
The startup said to help Glip expand its monthly active users in coming months the fund raised would be used.
Existing investors Better Capital and iSeed also participated in the funding round. Angel investors include Paavan Nanda (WinZO), Nilay Arora (Tencent), Vivek Hallekere (Bounce), Suhail Sameer (BharatPe), Ravish Naresh (Khatabook), Kumar Aakash (Matrix) and Misbah Ashraf (Jar), among others.
Before this Pre-Series A round of funding, Glip had raised $500K. According to the startup, towards growing its creation tools furthermore and building a strong monetisation stack for onboarded gamers would be the aim of Glip in the next round (Series A).
Glip, founded by Parth Choudhary and Ishan Shribastava in 2020, has built three tools for content creation – recording, streaming, and montage editing. It is now experimenting with monetisation tools such as stream modifiers and live NFT auction,
Using cutting edge web3 tech, Glip’s monetisation stack is built. Parth Choudhary, cofounder and CEO, Glip said that their focus is on making gamers earn on top of existing distribution platforms like Twitch, Youtube, Facebook.
According to the startup, in three months its monthly active users have grown by 400X to 2 Mn users. Ishan Shrivastava, cofounder, Glip, said that they are setting the groundwork in order to onboard 10 Mn gamers by the end of this year.
Currently, the startup has a strong foothold in India, Brazil, Philippines, Indonesia, Eastern Europe and has also started entering the US market. A creator economy tool suite is also offered for gamers in order to publish and monetise on existing social media and content platforms, as claimed by the startup.
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