Gaming business MetaShot, based in Bangalore, receives $400K in a pre-Seed fundraising round from Inflection Point Ventures. An early-stage gaming-focused fund and well-known angel investors, including the creators of Dineout—Ankit Mehrotra, Sahil Jain, and Khalid Qazi—participated in the round as well.
The money will be used for R&D activities, staff expansion, and investments in growth and marketing. In the second period of the current fiscal year, MetaShot intends to broaden its operations to further locations, with future ambitions to enter other cricket-playing countries, as reported Entrepreneur.com.
“MetaShot aims to revolutionise the $72 billion global gaming console market by introducing accessible metaphysical gaming, which is currently in its early stages globally and in India. Our mission is to bring the joy of physical sports to every living room. With our first product, we aim to bring the fun and excitement of real cricket into every living room of a cricket-crazy nation. Interestingly, we dreamed, designed and built MetaShot completely out of India. We thank our investors for believing in our journey and backing our mission,” said Prince Thomas, co-founder, MetaShot.
“MetaShot is bringing a near real life cricketing experience to the gamers. Cricket is loved in India in all seasons and for all reasons. We see that with the right marketing and business strategy, that Metashot has demonstrated, they can tap into billions of cricket lovers in the country and explore strategic partnership to drive their brand recall. The potential is immense, and we believe IPV can help MetaShot with this Moon shot of an opportunity,” said Vikram Ramasubramanian, partner, Inflection Point Ventures.
In 2012, Prince Thomas, Ranjit Behera, and Ajith Sunny established MetaShot with the straightforward goal of bringing the thrill of competitive sports into your living room. They make it simple for you to connect with other enthusiasts who share your interests thanks to MetaShot, resulting in priceless experiences and a sense of belonging. Together, they are reinventing how we participate in and experience sports, making them exciting and available to all.