Gaming startup EsportsXO has raised $1.1 million in a seed round led by We Founder Circle and followed by Wami Capital, SOSV, Mumbai Angels Network, SucSEED Indovation Fund, Eximius Ventures and FAAD Network. The Founding team Vikas Goel, Utsav Umang and Rohit Raj had invested $200K before raising the first investor round.
EsportsXO has planned to invest the funds into tech and non-tech talent acquisition along with boosting marketing and operational activities.
Launched in 2020, EsportsXO is a tournament discovery platform for gamers and gaming enthusiasts with a vision to build a community of console, PC and mobile gamers across the world, who can come together under a single roof.
The Bengaluru-based firm has registered over 150K users in a span of 90 days, organizing more than 250 tournaments in 8 games with over 2 million people participating in the last 1 year and growing 20% month-on-month.