The Indian esports tournament platform Gamerji has secured $3 million in funding from investors including Gujarat Venture Finance Limited (GVFL) and Unicorn India Ventures as part of a pre-series A round. The two have been supporters of the system from the beginning. The funds will be used to roll out plans to launch the platform in Southeast Asian countries, starting with Indonesia and the Philippines, and to expand into new foreign markets in the MENA region. The company also plans to invest in R&D for technology improvements and EaaS (e-sports as a service) to boost the quality of online gaming.
Gamerji was started in 2019 in Ahmedabad by Soham Thacker. The goal of the platform is to connect new and aspiring esport players and give them a place to host matches, meet other gamers, and enhance their gaming skills. Adding this round, Gamerji has raised about $5 million in funding.
Due to developments in NFTs, the metaverse, and esports, the online gaming industry is projected to grow to INR 153 billion by 2024, a compound annual growth rate of 15 percent, as stated by the FICCI-EY media and entertainment report 2022.
We, at iLLGaming are also looking forward to this development and see more such positive news in future to see a brighter future of the esports industry.
