Gaming Marketplace Driffle raises $3.4 Million in seed funding led by BEENEXT, others
- ByStartupStory | November 8, 2022
BEENEXT, a worldwide venture capital firm, was one of many investors who contributed $3.4 million in seed funding to Driffle, a global digital gaming marketplace. Other investors were JAFCO Asia, Taurus Ventures, Better Capital, and White Venture Capital. A number of significant and well-known investors took part in the initial fundraising round, including Kunal Shah, Maninder Gulati, Amit Damani, Archana Priyadarshani, and Arun Venkatachalam, amongst others.
The majority of Driffle’s investments will go into staffing, improving its technological infrastructure, developing new products, and entering new markets. In addition, the e-gaming business plans to utilise the capital to increase the number of employees working in its Gurgaon headquarters across a variety of sectors, including product, engineering, marketing, and customer support.
The company’s co-founder and current CEO, Chetan Bhardwaj, made the following statement: “At Driffle, we enable instant delivery of our goods digitally, with simplified payment processes. This helps us overcome the complications of payment fraud and cross-border distribution.” We are thrilled to have the support of well-known investors as we expand our footprint around the world with the intention of making gaming much safer and more convenient than it has ever been.
An investor at BEENEXT named Anirudh Garg said that the Driffle platform was “developed by a team of enthusiastic gamers.” In addition to this, he said that “with their great enthusiasm for problem-solving, the team is tackling customer experience, for purchasing digital items,” which is something that has not been focused upon up to this point. Due to the really global nature of their business model, Driffle is able to provide the industry-required update as well as an improved customer experience for purchasers and vendors located all over the world.
Garg brought attention to the fact that the start-up is working on several “interesting products,” one of which is a peer-to-peer marketplace for exchanging in-game assets.
Chetan Bhardwaj, Gaurav Kumar Jha, Mayank Chawla, and Abhishek Kumar are the founders of the Bengaluru-based start-up company, which was established in 2021. In March of this year, it successfully completed its first investment round. According to data provided by the market research platform Tracxn, the seed round of funding of $74,5k was secured at a value of $4.66 million.
The online retailer of gaming goods is currently accessible in more than one hundred countries spanning South East Asia and Europe and accepts more than one hundred distinct currencies. GameStop, Eneba, Instant Gaming, and a number of other brands all operate in a market that is conceptually analogous to this one.
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