SaaS based tournament discovery platform EsportsXO has raised $1.1 million from We Founder Circle and Wami Capital, including participation from other esteemed investors as well.
“Esports in India is at the same stage where e-commerce was 15 years ago, there are a lot of opportunities for everyone. The market in India and the rest of the APAC (Asia-Pacific) region is very huge which gives us enough room for creativity and growth,” said Co-Founder Vikas Goyal.
The platform has already registered over 150,000 users in a span of just 90 days and is witnessing a 20 percent month-on-month growth. The Bengaluru-based startup enables game publishers and brands to launch custom tournaments for users. The company said that it plans to build an esports metaverse for fans and players.
EsportsXo’s USP lies in the SaaS tool that forms the center of its strategy, with other aspects around the tool creating a nice flywheel effect for the company that is simultaneously being translated in the revenue growth.
