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Oneiric11 Gaming raises $1 Mn in pre-Series A funding

EntrackrEntrackr · 1y ago
Oneiric11 Gaming raises $1 Mn in pre-Series A funding
Medial

Actor Rannvijay Singha-backed esports and gaming platform Oneiric11 Gaming has secured $1 million in pre-Series A round co-led by NG Family Trust and TAC Holdings, along with participation from other investors. The funds will be utilized to expand its game development team, enhance technological infrastructure, and increase marketing efforts to reach a broader audience, Oneiric11 Gaming said in a press release. Launched in 2020 by AVneet Singh, Oneiric11 Gaming focuses on creating immersive and engaging gaming content tailored to the preferences of Indian gamers. According to the Chandigarh-based company, its zero transaction fee feature on the platform is a consumer-centric approach and showcases its commitment to responsible gaming. Players can engage with a wide range of fantasy sports and enjoy rewards and prizes, making it the destination for fantasy gaming enthusiasts. The other prominent startups in this space are GRID Esports, Gameskraft, EVOS Esports, JetSynthesys, et al.

Related News

Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures

EntrackrEntrackr · 2d ago
Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures
Medial

Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures The Bengaluru-based maths-focussed mobile gaming platform Matiks has secured $3.1 million (about Rs 27 crore) in a pre-Series A funding round led by Tanglin Ventures along with participation from Info Edge Ventures and other angel investors including boAt co-founder Aman Gupta, Unacademy co-founders Gaurav Munjal and Roman Saini, and Anil Goteti. The fresh funds will be allocated to expand its team, ratchet up marketing, enhance product offerings, and enter new geographies, Matiks said in a press release. Co-founded in Sept. 2024 by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, Matiks provides mobile games that enable users to test their mathematical skills. It also lets users compete against each other. As per market research, India’s gaming industry is currently valued at about $3.8 billion and is expected to reach the $9.2 billion mark by FY29. According to the company, it offers features like live 1v1 and multiplayer math duels, daily challenges, global leaderboards, and personalized progress tracking to make math practice engaging and fun for users of all ages. The platform offers games across different categories, with focus on speed, memory, puzzle, among others. It also runs weekly contests to enable higher engagement. Matiks allows users to add friends, and even has a discord community. It has just launched a paid ‘Creators Programme’ which lets users form a community on the platform. Currently, the startup claims to have around 1 Lakh users and has crossed 50K downloads on the Google Play Store.

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