E-sports startup GamingMonk raises Rs 4 Cr from Incubate Fund, Rajan Anandan, others

Online gaming platform GamingMonk has raised Rs 4 crore in its second round of funding from Japan-based Incubate Fund, Rajan Anandan, VP, Google India & South East Asia.

Other investors including Stellaris Ventures, Smile Group, AdvantEdge, and Samir Khurana also participated in the round.

The e-sports startup, which was selected as a part of AdvantEdge’s 6-month long incubation program, also secured an undisclosed round from the Noida-based early-stage seed investor.

Incorporated in 2014, GamingMonk has so far organised more than 200 competitive tournaments across the country with 35,000 participants. The platform hosts tournaments on games such as PUBG, CS: GO, DOTA 2, FIFA game series, Call of Duty Series, Clash Royale and several others.

Founded by Abhay Sharma and Ashwin Haryan as an e-commerce marketplace to sell consoles, gaming titles, and other gaming accessories, GamingMonk now focusing on organising online gaming tournaments.

In online gaming space, Mumbai-based Nazara Games has emerged as one of the leading gaming publishers in India. In January, it acquired an e-sports startup NODWIN. Nazara is also planning to go for public listing soon.

In India, e-sports is regulated by Esports Federation of India (ESFI) and it is a full member of IeSF and Asian eSports Federation (AeSF), Dubai. Esports for the first time became a part of Asian Games 2018, Jakarta as a demonstration sports.

The lead investor in GamongMonk--Incubate Fund is a leading seed investor originally from Japan. It has invested in more than 300 startups all over Asia and over 10 startups in India including ShopKirana, Kobster, and Nimble.

The development was reported by Gizbot.