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Gaming and e-sports platform “GAMING MONK” has raised $100,000 as a strategic investment from Japanese Gaming media. ‘Game with’ this strategic partnership has molded support and collaboration for the Indian Gaming Industry “GAMING MONK” raised a seed round last year from Incubate fund, STELLARIS VENTURES, RAJAN ANANDAN, ADVANTEDGE FOUNDERS, SMILE GROUP.
This funding is being used for product development, brand marketing, and team building. In past six months, a whooping increase of user-base by 500 per cent in “GAMING MONK” is seen. It is the largest community focused e-sports startup in India, setting its stronghold in media content community and e-sports.
The company’s objective has been to create a platform for gamers through prized tournaments, gaming contents, and many other relevant programs.
The names – Ashwin Haryani and Abhay Sharma are behind the origination of the “GAMING MONK” in 2014. The Indian Gaming Industry is in its Infancy and is in need of expertise of stalwarts like a game with to flourish at its best and with this partnership the gamers will get a new experience and it will also help in changing the perception of the new gamers.
The online gaming industry in India is expected to generate a Revenue of Rs.11900cr. by 2023. The Number of Gamers Have crossed 250mn. And it is expected to reach 628mn. By2020. It was only 25millions in 2010 according to a report by consulting major KPMG and industry’s self-regulatory body.
Indian Federation of sports gaming “GAMING MONK” PVT LTD” is one of the best e-sports gaming company based out of New Delhi, India. The company was launched in 2014. The company’s current focus is on e-sports, gamer community, and gaming media. This online platform was launched with the objective of including every Indian gamer and to assist them in engaging, competing and socializing with each other.
The Gaming Industry in India has strong growth potential and “GAMING MONK” led by a strong management team as well. Positioned to extract benefits from Industry trends, there appears a great synergy between Game with and “GAMING MONK” GAME WITH being a no.1 Gamers Media and Gamers Community in JAPAN. GAMING MONK is now expected to get some offers for partnership, prop up, and counsel. This is really exciting that Gaming Monk’s growth would be promoted by this investment.
There is happy times ahead for the gamers in India “GAME WITH” brings a lot on board with their experience and leading position in the Japanese Market. Their insights with helping us in constructing a better product for the Indian Gaming market Sooner, The India gamers will experience the same. They are bigger and more thriling.
“Gaming industry is going to be the future for the next-gen and what is even more amazing is that many reputed companies across the globe are planning great investments in this industry,” –as per Yusuf Khan of Shadow Arena.
Every year the fundraising amount for video games are increasing by double the previous year. Leading the tradition at the moment is Epic Games. In the time to come, the industry will see more companies investing in it making it big arena for investments.