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Gaming startup MetaShot raises Rs 11 Cr led by Sauce VC, others

Gaming startup MetaShot has raised Rs 11 crore through a mix of equity and debt funding round led by Sauce VC. The round also saw participation from Sharrp Ventures and Panthera Peak Capital.

By Jitendra Das
New Update
Gaming startup MetaShot raises Rs 11 Cr led by Sauce VC, others

Gaming startup MetaShot has raised Rs 11 crore through a mix of equity and debt funding round led by Sauce VC.

The round also saw participation from Sharrp Ventures and Panthera Peak Capital.

Shark Tank India Season 4 featured startup plans to use the funds to grow the team, support research and development (R&D) and drive growth.

The startup has expanded into the Middle East and plans to enter the US market. The company also expects its revenue to grow five times compared to last year.

Read also- Deeptech Startup ThinkMetal Raises $800K Pre-Series A Funding

Prince Thomas, Co-Founder & CEO, MetaShot, said, “We have already seen over 8 lakh matches on MetaShot in the short span of our journey, validating the customers interest in this unique metaphysical play. Our vision for MetaShot is to become a platform that offers a diverse range of games, seamlessly merging the physical and virtual world.”

“The games are simple, easy to play and make for a fun social experience for all ages. We are excited by the pipeline of games and feel the price point is perfect to make for gifting and export use cases,” said, Manu Chandra, partner at Sauce VC.

About MetaShot 

The Bengaluru-based MetaShot was founded in 2021 by Prince Thomas, Ranjit Kumar Behera and Ajith Sunny, it’s known for its main product, the MetaShot smart bat. This device tracks a user’s real-life shots and turns them into virtual actions in the MetaShot game. 

Launched in August 2023, the smart bat offers six hours of playtime and USB-C charging. It connects to users' mobile phones via Bluetooth, as stated on the company’s website.

The MetaShot smart bat is available on e-commerce platforms, quick delivery services, and in offline stores. The company has also expanded into the Middle East and plans to launch in the US soon.

MetaShot expects its revenue to grow five times this financial year compared to last year. The global console gaming market is valued at $50.9 billion and is expected to reach $91.24 billion by 2033. In india, the market is worth $2.2 billion, according to the company.

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