Gaming start-up Atirath raises undisclosed amount in seed fund from Kalaari
Summary
Atirat, a game development company, has raised an undisclosed amount of seed funding from Kalaari Capital for strengthening products, expand its team and prepare for the metaverse, a virtual-reality space where users can interact with a computer-generated environment and other users. “While RMG and Casual Games have continued to do well, we are excited by the immense potential of the upcoming models in (sic). Mythological games like God Of War and Assassin’s Creed have worked out very well across the world, selling over 200 million copies and we think the Indian Mythology (sic) is still an untapped opportunity since the rich history of India offers a high possibility of a hit global IP being built out of here,” said Vamshi Reddy, partner at Kalaari Capital. It was founded in mid last year by Shiva Bayyapunedi & Ramachandra Raju who worked together at Apalya Technologies. As the model evolves, we see a lot of innovation happening in a centralized and decentralized metaverse world.