Esports startup GamingMonk raises Rs. 4 crore in funding round
eSports gaming startup GamingMonk has now secured Rs 4 crore in the funding round of series B from Google executive Rajan Anandan and Japan-based seed investment incubates fund.
Some of the other investors which include AdvantEdge Partners, Smile Group, Stellaris Venture Partners, Samir Khurana.
The company will be going to use the funds to enable the gaming startup to help provide a transparent, smooth and credible gaming platform for all the layers.
GamingMonk was founded by the two Amity University Graduates Ashwin Haryani and Abhay Sharma in the year 2014. Firstly, they started with an e-commerce marketplace for gaming titles, consoles and some of the other accessories and now it has become one of the leading esports gaming platforms.
The startup provides both the offline and online esports tournaments. It conducts offline tournaments across the 8 Indian cities and has a plan to expand to 16 by the end of 2019.
The company as of now has organized more than 200 tournaments across entire India with more than 35000 participants. The platform as of now hosts tournaments on games such as the Go, DOTA 2 and PUBG, and FIFA Game.
Ashwin Haryani, Co-Founder of GamingMonk, said, “We want to focus on not just the enthusiast gamers but also build an ecosystem which brings more casual and semi-pro players on all three platforms – PC, console and mobile gaming,”
Hinting at further funding, he added, “We are seeing a lot of interest from investors and are in discussions with some strategic players both in India and overseas for our next round of funding. A big announcement is expected in the coming few months.”
Some of the other players in the world of gaming include the Rooter, Nazara technologies and some others.