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HomeInsightFunding Alert The Gaming Project raises $500k in Seed funding round

[Funding alert] The Gaming Project raises $500k in Seed funding round

[Funding alert] The Gaming Project raises $500k in Seed funding round

India’s first Cloud gaming platform, The Gaming Project has raised $500,000 in Seed funding round from FAAD Network along with Upsparks, BlackKite, SucSEED Indovation Fund among others.

Other platforms like MaGEHold & Hem Angels also participated in this round.

The startup plans to use the new capital to expand its services across India and across the platforms.

Basically, cloud gaming is a form of online gaming where the game runs on a remote server and users can play any game without the hassle of expensive physical gaming rigs.

Founded in 2020 by Manan Mittal and Sarang Atri, It claims that it has added over 300,000 users to the platform and claims to have month-to-month revenue.

The company is democratizing access to AAA games with its cloud gaming platform that allows users to play any video game / AAA game on any device (mobile, laptop).

“Ever since the inception of our project, the inevitable question that always came up was whether the internet infrastructure was capable enough for this technology. Our customers answered that question for us, by sticking with us and providing their constructive feedback that in turn helped us improve our tech since our inception,” said, Manan Mittal, co-founder and tech lead, The Gaming Project.

“Our entire goal up until our first raise was to make sure we spend as few resources as possible, but at the same time achieve a product market fit that is appreciated by everyone in the gaming community and actually answer the question of whether cloud gaming is possible in India or not,” said, Atri, co-founder, The Gaming Project.

“With over 100 million online gamers, India alone is a two-billion-dollar market opportunity for the eSports industry. This market could be further extended if there is a solution built for smooth streaming without buying any expensive gaming rig. This is where our thought school aligned with what Sarang and Manan are building at The Gaming Project,” said, Aditya Arora, chief executive officer, Faad Network.

“We as an organisation are focused on the trending and growing domains, and the gaming industry is evolving exponentially. AAA games will increase the existing gaming industry by billions. This is an important industry to be a part of. The team of The Gaming Project is very dedicated and has the vision of how to lead the industry to new heights.,” said, Mohamad Faraz, founding partner, Upsparks.

“With adoption of cloud infrastructure and 5G roll out in India expected by end of 2022, the next big thing in making is – Cloud Gaming (which is expected to grow at 57 percent CAGR globally). We are excited about millennial gamers using The Gaming Project with on-demand games offering like Netflix for Games”, said, Vineeta Gupta, VP-Investments, SucSEED Indovation Fund.

About The Gaming Project

The Gaming Project is a cloud gaming service that started when two friends wanted to play a game together, but couldn’t as they did not have a good enough PC, and from there started a quest that ended up where they are now.

The service is run & managed by gamers who are always looking to collaborate with anyone who shares their passion.

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