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MetaShot Raises $4 Million In A Pre-Seed Round Led By Inflection Point Ventures

MetaShot developed a smart metaphysical gaming device with sensors and proprietary technologies which now enables console-like game experience.

MetaShot Raises $4 Million In A Pre-Seed Round Led By Inflection Point Ventures
POSTED ON August 10, 2023 10:20 PM

MetaShot, a Bangalore-based gaming start-up, has secured $4 million in a pre-seed round led by Inflection Point Ventures. The round also saw the participation of an early-stage gaming-focused fund and angel investors, including Dineout's founders Ankit Mehrotra, Sahil Jain, and Khalid Qazi.  

Vikram Ramasubramanian, partner of Inflection Point Ventures, says, “MetaShot is bringing a near real-life cricketing experience to the gamers. Cricket is loved in India in all seasons and for all reasons. We see that with the right marketing and business strategy that Metashot has demonstrated, they can tap into billions of cricket lovers in the country and explore strategic partnerships to drive their brand recall.”    

The company aims to carve a new audience segment with its metaphysical gaming experience. A founding team of three individuals backs it, each bringing diverse expertise and extensive experience.  

Prince Thomas, co-founder of MetaShot, added, "MetaShot aims to revolutionise the $72 billion global gaming console market by introducing accessible metaphysical gaming, which is currently in its early stages globally and in India. Our mission is to bring the joy of physical sports to every living room. With our first product, we aim to bring the fun & excitement of real cricket into every living room of a cricket-crazy nation."   

MetaShot is operating in the Bangalore market and plans to expand its operations to other cities in the second quarter of the current financial year. 

The Indian gaming gadget market, currently valued at $1.2 billion, is projected to experience a significant CAGR of 14.1 per cent, reaching an estimated worth of over $6.3 billion by 2032. Globally, the gaming gadget industry stands at $71.2 billion today and is anticipated to grow substantially to $157 billion by 2032. 

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