Funding Alert
Oneiric11 Gaming Secures $1 Million in Pre-Series A Funding Round
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ByStartupStory | August 9, 2024
Oneiric11 Gaming, an esports and gaming platform backed by actor Rannvijay Singha, has announced the successful raise of $1 million in its pre-Series A funding round. The round was co-led by NG Family Trust and TAC Holdings, with participation from other strategic investors.
The fresh capital infusion will be directed towards expanding Oneiric11 Gaming’s game development team, bolstering its technological infrastructure, and enhancing marketing efforts aimed at reaching a broader audience. The company disclosed these details in a press release, highlighting its plans to further its footprint in the burgeoning Indian gaming sector.
Launched in 2020 by AVneet Singh, Oneiric11 Gaming has quickly gained traction in the Indian gaming landscape, known for its immersive and engaging gaming content tailored specifically to Indian gamers’ preferences.
Oneiric11 Gaming has made a mark with its zero transaction fee feature, a consumer-centric approach that emphasizes responsible gaming. The platform offers a diverse range of fantasy sports, where players can engage in games and earn rewards and prizes, making it a go-to destination for fantasy gaming enthusiasts.
With the Indian gaming industry rapidly evolving, Oneiric11 Gaming is poised to be a key player, standing alongside other prominent startups in the space like GRID Esports, Gameskraft, EVOS Esports, and JetSynthesys.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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