Bengaluru-based esports and gaming start-up, EsportsXO has announced an undisclosed amount in its ongoing funding round. The funding round was led by renowned investors SOSV’s Orbit Start-ups and existing investors SucSEED Indovation Fund and Mumbai Angels, with participation from other strategic backers such as WeFounderCircle and Imperial Holdings.  

EsportsXO, founded in 2020 by Vikas Goel, Utsav Umang, and Rohit Raj, stands out as a trailblazer in the rapidly evolving esports sector. The company’s commitment to providing cutting-edge online esports tournament management systems has garnered attention and support from investors and industry leaders.  

Co-founder Goyal shared his vision for the company’s future, and said, “XO aims to become the largest game and player discovery platform for gamers. Game advertising is a $130 Bn market. With BattleXO, we are not just targeting gamers but also addressing the needs of game developers and tournament organisers, enabling them to leverage technology for scalable reach through data-driven campaigns. The infusion of capital will further empower us to tackle the next significant challenge – expanding our company in size and increasing our user base.” 

The company has demonstrated robust growth over the past 18 months, investing time and resources in platform development, cost optimisation, and refining unit metrics. This strategic approach has resulted in a positive EBITDA for the last quarter and continued growth in the current quarter, reinforcing the start-up’s financial sustainability, it added in its statement.  

The recently secured funding will be used to amplify platforms’s business development initiatives and accelerate overall growth, it added.