Funding Boost from Prominent Investors
Bengaluru-based gaming startup MetaShot has successfully raised $400K in a pre-seed funding round, with Inflection Point Ventures leading the investment. The funding round also saw participation from an early-stage gaming-focused fund and notable angel investors, including Ankit Mehrotra, Sahil Jain, and Khalid Qazi, who are the founders of Dineout, among others.
Expanding Horizons: Team, Growth, and Marketing
The capital injection is poised to propel MetaShot’s expansion plans. The startup intends to allocate the funds strategically, primarily for the expansion of its team, investment in growth and marketing initiatives, and further research and development efforts. The infusion of funds comes as a significant milestone for the company, marking its commitment to enhancing the gaming experience for enthusiasts.
A Visionary Gaming Platform
MetaShot, co-founded by Prince Thomas, Ranjit Behera, and Ajith Sunny, has carved a niche for itself in the gaming industry by providing an immersive cricket experience through its platform. The startup’s innovative approach allows users to enjoy a virtual cricket game right from the comfort of their living rooms. The unique feature of the platform lies in its social aspect, enabling users to engage in friendly matches with both friends and players from different corners of the world.
Strategic Market Presence and Expansion Plans
Currently operational in the Bengaluru market, MetaShot has strategically positioned itself to cater to the growing demand for virtual gaming experiences. However, the startup has grander ambitions. It plans to broaden its footprint by expanding operations to other cities during the second quarter of the ongoing financial year. Furthermore, MetaShot envisions extending its reach to cricket-loving nations beyond India’s borders, solidifying its stance as a global player in the gaming arena.
A Thriving Gaming Ecosystem
MetaShot’s success story is further buoyed by the thriving gaming ecosystem in India. The gaming giant Krafton’s recent announcement of a $150 million investment commitment in Indian gaming and tech startups has injected renewed energy into the sector. This robust ecosystem, coupled with MetaShot’s innovative approach and promising growth trajectory, paints an optimistic picture for the future of gaming in India.
Winding it up
In a landscape where digital entertainment is gaining immense traction, MetaShot’s funding success not only showcases investor confidence but also underscores the potential of immersive gaming experiences that bring people together in the virtual realm. As the startup embarks on its expansion journey, it holds the promise of reshaping the way enthusiasts experience cricket gaming, ultimately enriching the broader gaming landscape.
By staying attuned to market dynamics, leveraging technological advancements, and fostering a sense of community among gamers, MetaShot is poised to continue making waves and leaving an indelible mark on the gaming industry.