Monday
December 5
2022

Esports Start-up Gamerji Raises $3 Million Funding for Business Expansion

As per the company, the funds raised will be deployed for growing the platform in MENA and South East Asia.

Esports start-up Gamerji on Wednesday said that it has raised $3 million in a Pre-Series A round from its existing investors GVFL (formerly Gujarat Venture Finance Limited) and Unicorn India Ventures.

As per the company, the funds raised will be used for growing the platform in recently launched international markets within the Middle East and North Africa (MENA) region along with launch plans for Southeast Asia (SEA) starting with Indonesia and Philippines. The company also plans to use these funds towards developing tech solutions and Esports as a service (EaaS) to enhance the online gaming experience.

Soham Thacker, CEO and founder, Gamerji said, “Gaming landscape in India has changed drastically. The stakeholders and aspiring gamers are spending more time understanding the gaming industry. This has resulted in fast growth of the sector. Gamerji has had a head start and we have already launched in the Middle East. We are also in the process of rolling out in newer geographies and fresh infusion of capital will help us meet our growth targets ahead of timelines.”

Founded in 2019 by Soham Thacker, Ahmedabad based Gamerji aims to bridge the gap between amateur and professional gamers through their tournaments. The company allows gamers to compete, host matches, communicate and get recognised for their gaming skills. It has raised $5 million till date.

Photo courtesy of Stas Knop.

Source: Business Today (link opens in a new window)

Categories
Technology
Tags
business development, innovation, startups