Saturday, April 13, 2024
Outlook.com
Outlook India
Outlook Business

Gamerji Raises $3 Million In Pre-series A from GVFL and Unicorn India Ventures

Gamerji is also planning to launch units in countries including Indonesia and the Philippines.

Gamerji Raises $3 Million In Pre-series A from GVFL and Unicorn India Ventures
Soham Thacker, CEO and Founder, Gamerji
POSTED ON December 02, 2022 1:55 PM

Ahmedabad-based India's e-sports tournament platform Gamerji has raised $3 million in a Pre-Series A round led by GVFL (formerly Gujarat Venture Finance Limited) and its existing investor Unicorn India Ventures, which has backed Gamerji from its early stages. 
 
Gamerji recently launched its platform in the global markets within the MENA (Middle East and Africa) region. The firm is also planning to launch units in countries including Indonesia and the Philippines. Hence it will utilise the prospects of the investment round in growth and expansion. Additionally, the company will also develop new tech solutions. 
 
Founded in 2019, by gaming expert and serial entrepreneur, 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.
 
Till date, Gamerji has raised $5 million in funding including this funding round. 
 
While talking about the company, Soham Thacker, CEO and Founder of Gamerji, says, “Gaming landscape in India has changed drastically. The stakeholders and aspiring gamers are spending more time understanding the gaming industry. This has resulted in the 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 a fresh infusion of capital will help us meet our growth targets ahead of timelines.”

“Gamerji is India’s leading platform for esports gaming tournaments and we are excited to support such a dynamic organisation. Gaming is one of the fastest-growing industries in India with mobile gaming dominating the sector, accounting for more than 90% of it. Together, we aim to help them expand their footprint and digital presence across the globe,” Kamal Bansal, Managing Director, GVFL, said while addressing their decision to invest the money. 

Bhaskar Majumdar, the managing partner at Unicorn India Ventures praised Gamerji by saying,  “Gamerji’s vision to provide a credible platform for amateur gamers as they aspire to become pros is a large untapped market. Right from the start, Soham has worked towards this mission and we have seen the merits of it resulting in Unicorn India doing 3 rounds of funding in the Company. And we continue to support Gamerji’s growth story.”

In the last 12 months, Gamerji claims to achieve more than 3 million users along with serving tournaments for more than 22 core e-sports titles. 

  • Related Articles

    Rooter raised $25 million in a series A funding round led by investors including Lightbox, March Gaming, and Duane Park Ventures

    Rooter Signs YouTuber Lokesh Gamer In Exclusive Long-term Streaming Deal

    With the latest transaction, Temasek now holds a 4 per cent stake in the Gurugram-based food tech platform

    Temasek Invests Rs 607 Crore To Buy 1.14% Stake in Zomato

    People can apply for PAN cards through Aadhaar-based authentication, without the need to submit or upload any documents at Fino Bank points

    Protean, Fino Payments Bank Collaborate To Expand PAN Card Issuance Services In India