Gaming

STAN and Aptos Labs Launch Groundbreaking Esports and Influencer Fandom Platform for India’s 500 Million Gamers

• ByStartupStory     |    February 16, 2024

Bengaluru-based gaming community startup, STAN, has joined forces with Aptos Labs to introduce an innovative esports and influencer fandom platform tailored specifically for India’s vast gaming community, which boasts an impressive 500 million gamers.

STAN has quickly become a dominant force in the Indian gaming landscape, amassing a substantial user base of 1 million Monthly Active Users (MAU), with an impressive 250,000 actively participating in Web3 activities. The convergence of gaming and Web3 technology is reshaping the digital entertainment landscape, and STAN is at the forefront of this movement.

The partnership with Aptos Labs aligns with STAN’s vision to revolutionize the gaming experience for its users. Mr. Parth Chadha, Co-Founder of STAN, expressed his excitement about the collaboration, stating, “We’re thrilled to partner with Aptos, a blockchain platform uniquely positioned to accelerate STAN’s growth and innovation. Their exceptional scalability, rock-solid security, and cost-effectiveness are game-changers for our high-volume NFT and gaming needs. Aptos’ cutting-edge technology like Move and their commitment to the Indian gaming community further solidify this partnership as a win-win for both parties. We’re excited to unlock the full potential of Web3 gaming together.”

Mo Shaikh, co-founder & CEO of Aptos Labs, highlighted the impact of STAN on the esports world, stating, “Seeing STAN attract a million users monthly in India really speaks to its impact on the esports world. Together, we’re taking STAN global, making it easier for fans to connect with their esports heroes.”

STAN’s success is evident in its impressive D30 retention rate, surpassing 75% among paying users. The platform, with its recent funding success securing $2.7 million in Pre-Series A round funding, is poised for significant growth. This funding was led by returning investor General Catalyst, along with new investments from Aptos Labs, Pix Capital, Maelstrom Fund, and GFR Fund. STAN has also garnered support from renowned VC firms, including General Capitalist and Better Capital, raising an impressive US $2.5 million in its maiden seed fundraising round.

STAN has ambitious plans to expand its footprint beyond India, with a strategic move towards LATAM and Asia, backed by the support of Aptos Labs and other partners. The platform’s goal is to create a global ecosystem where every gaming victory matters, and rewards are more than just tokens—they embody dedication and prowess, fostering a sense of belongingness among gamers.

About STAN: STAN, headquartered in Bengaluru, is the fastest-growing gaming startup in Asia, boasting a community of over 4 million gamers. The platform’s mission is to create an ecosystem where gamers find a sense of belonging, and victories are celebrated as embodiments of dedication and prowess. STAN recently secured $2.7 million in Pre-Series A round funding, indicating strong support from investors.

About Aptos Labs: Aptos Labs, co-founded by Mo Shaikh and Avery Ching, is dedicated to creating better network tooling and seamless usability to bring the benefits of decentralization to the masses. With over $400 million raised from industry-leading investors, including a16z, Jump Crypto, Apollo Global, Franklin Templeton, Dragonfly, PayPal Ventures, and Coinbase Ventures, Aptos Labs is poised to play a pivotal role in the future of decentralized technologies.

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