Gaming Startup EsportsXO raises $1.1 million in seed round
- ByTejika Bajaj | December 28, 2021
Gaming startup EsportsXO has recently raised $1.1 million in its seed round of funding led by We Founder Circle and followed by Wami Capital, SOSV, Mumbai Angels Network, SucSEED Innovation Fund, Eximius Ventures and FAAD Network. The Founding team Vikas Goel, Utsav Umang and Rohit Raj had invested $200K before raising the first investor round.
With the freshly infused capital, EsportsXO has planned to invest the funds into tech and non-tech talent acquisition along with boosting marketing and operational activities.
Talking about the recent round of funding and the subsequent association, Vikas Goel, co-founder at EsportsXO stated, “Esports presents a significant opportunity to bring the global gaming community together and grow. But while Indian gaming is scaling rapidly, it is still a niche sector. As it matures further, there is a growing need for dedicated initiatives to support new-age companies.”
Launched in 2020, EsportsXO is a tournament discovery platform for gamers and gaming enthusiasts with a vision to build a community of console, PC and mobile gamers across the world, who can come together under a single roof. The Bengaluru-based firm has registered over 150K users in a span of 90 days, organizing more than 250 tournaments in 8 games with over 2 million people participating in the last 1 year and growing 20% month-on-month.
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