It will provide an opportunity to startups to pitch to leading investors and scale with the right guidance, capital and network support
Realising the potential gaming startups, Eximius Ventures, a micro VC that invests in pre-seed stage startups, is organising a virtual ‘Gaming PitchFest’ for early-stage gaming startups.
According to the official statement, the shortlisted startups will be mentored by leading gaming investors before proceeding to the final round. The winning startup will receive up to $250,000 in funding.
The Indian gaming industry is poised for progress. The pandemic-induced demand has further driven Indian gaming startups to innovate for the 433 million strong gaming user base.
With capital poured into gaming startups reaching $1.7 billion in 2020 and 2021, twice the total amount invested between 2015-19.
“While we have seen significant growth in the gaming industry in India in the last couple of years, there still exists a supply-demand gap in the funding ecosystem. There are around 800 gaming startups in India, but only 80 of them are funded. The Gaming Lounge was launched to help close this gap,” said Pearl Agarwal, Founder & MD, Eximius Ventures.
According to the official statement, the registrations are going to close on November 20 and selected startups will pitch to leading investors on December 09 2021.
The Gaming PitchFest is a part of ‘The Gaming Lounge 2021’ a 2-day global virtual event, which will feature panels by industry pioneers, a BGMI Exhibition Match, and networking opportunities, along with the PitchFest.