EsportsXO Raises $1.1 Million In Seed Round
Summary
Given the unique approach the brand is sure to resonate with the audience, expand its footprint and join the top leagues soon,” said Bhawna Bhatnagar, co-founder, We Founder Circle. “With India’s young demographic profile, access to smartphones and affordable internet, the Indian e-sports space is going to explode and can become a $10 billion market in the coming years. We are confident that the EsportsXO team, with their market positioning and platform approach, can add a lot of value to game publishers, players, brands and various other stakeholders, not only in India but also globally,” said Chetan Mehta, CEO of Wami Capital. Founded in 2020 by Vikas Goel, Utsav Umang and Rohit Raj, the platform offers opportunity to game publishers and brands to launch custom tournaments to engage users. EsportsXO will build an e-sports metaverse of fans, players and offer other microservices in e-learning, merchandising, NFTs, content and social networking, added the statement.