The firm goals to make use of the funds raised for deeper market penetration and the event of recent services.
Bengaluru-headquartered gaming and esports start-up EWar Games has raised a Pre-Series A funding round led by Inflection Point Ventures (IPV), an Indian angel community. JITO Angel Network, Hyderabad Angels, and Pearl Agarwal, Founder and Director, Eximius Ventures additionally participated within the round. The funds raised will likely be utilized to drive additional penetration into the Indian esports phase by introducing a number of new/modern applied sciences and merchandise which is able to present an enormous increase to the gaming ecosystem.
Apart from advertising and rising the franchise and the platform, EWar can also be growing a layer over its current esports merchandise to make the phase extra aggressive and enhance exterior viewership.
This is the second round of funding raised by EWar through the present 12 months. The firm had earlier raised an angel round of $200,000 from House of Jindals and Jeet Banerjee (Founder, Gameplan) in January this 12 months.
As of date, EWar’s platform has acquired a person base of over 1 million customers, and over 60,000 video games are being performed day by day on EWar app. It helps greater than eight regional languages and has 1000,000 Livestream viewers. The start-up goals to have 5 million customers by the tip of the subsequent 12 months and goals to turn out to be the go-to vacation spot for all gaming fans in addition to the preferred and most-valued gaming platform in India within the years to return.
EWar was based in February 2019 and is a product of gHack Technologies.
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