Tournafest, an Indian gaming platform on Thursday said that it has secured pre-seed funding of 3.05 crores from a clutch of investors and angels.
Tournafest is designed for the fast-growing gamer community of India. It aims to provide gamers with the opportunity to compete in tournaments, as per the official statement.
“For esports to become democratic, the tournaments have to move out of fancy pubs and go into every phone in every lane of the country, like street cricket of the future. Ayush and Kaustubh are gamers by heart, coders by skill, and platform creators by vision. IndiaQuotient backs them to join the leagues of Bharat first platforms like Sharechat, Bharat Agri, and Lokal,” said General Partner, IndiaQuotient, Anand Lunia.
The gamers are part of a collaborative community of enthusiasts and can showcase their performance on the platform. At the same time, Tournafest enables organisers to conduct scalable Esports tournaments seamlessly and exhibit their verified progress to corresponding sponsors, the statement added.
Esports has gradually emerged as one of the most lucrative industries in recent years, especially post-pandemic. The gaming market in India is anticipated to be valued at $7B by 2026 and has made its mark in mainstream sporting tournaments such as the Asian Games.
“During our college days, gaming was not streamlined, and formal tournaments were practically unheard of. Certainly, an opportunity was hidden behind this issue. We want to reinvent how the Esports ecosystem works and move towards creating a collaborative and motivating platform where discoverability and scalability are fundamental. We believe that every gamer’s skills should be recognized and respected, and this platform will deliver just that to this growing community.” added the founders, Ayush Agarwal and Kaustubh Trivedi.