Bangalore-based social esports RMG platform, Khelgully Gaming Private Limited, has successfully raised over $750,000 in their seed funding round led by Titan Capital, among others. Established in 2021, the company organizes online tournaments for popular games like Call of Duty, Freefire, Clash Royale, and Fantasy Cricket.
“We are thrilled to be backed by our investors and are looking forward to building a path for a billion gamers to take up gaming as a career choice,” said Prakul Bansal, Co-Founder of Khelgully. “We intend to build a collaborative platform to motivate the players, organizers, content creators, sponsors & other deep-rooted stakeholders, and bring them together in a constructive and uplifting environment.”
The start-up aims to provide esports organizers, players, streamers, content creators, and other stakeholders, with a platform where they can engage with each other, collaborate on esports tournaments, and earn while doing what they love. Khelgully operates on the real money gaming model and allows players to earn real cash while pursuing their passion for gaming. The platform also allows gamers to play with their friends, see who the real winner is, and also get a referral bonus every time they invite another player to play on Khelgully.
Various industry reports suggest that in India, the gaming market is anticipated to be valued at $7 billion by 2026, and has made its mark in multiple, mainstream sporting tournaments. India has played host to some of the most significant tournaments within esports, such as PUBG Mobile Series 2019 and the Electronic Sports League, further proving that the sector will grow at an unprecedented pace in the near future.
(All information was provided by APN News)