Eximius Ventures launches gaming syndicate ‘The Gaming Lounge’

Eximius Ventures has made its first investment in EsportsXO

The syndicate will invest exclusively in gaming companies in the seed-stage and help them grow
The syndicate will invest exclusively in gaming companies in the seed-stage and help them grow.

Micro VC fund Eximius Ventures has launched a gaming syndicate ‘The Gaming Lounge’ to take more bets in the gaming sector outside of the fund and has made its first investment in EsportsXO. The syndicate will invest exclusively in gaming companies in the seed-stage and help them grow with the right capital, industry-specific guidance, and network access. Through this platform, Eximius aims to facilitate the flow of capital into the nascent-stage gaming industry and promote its growth. The syndicate plans to invest in sic-eight deals per annum exclusively with an equity cheque of up to $500,000. Within gaming, it plans to support several sub-segments such as esports, game development and publishing, and gaming infrastructure.

For Pearl Agarwal, founder and managing director, Eximius Ventures, Indian gaming is the second fastest growing segment in entertainment after OTT platforms. “Globally, it has become the fifth largest gaming market with a CAGR of 30%. However, merely 10% of the 800 gaming companies are funded today. We have launched The Gaming Lounge syndicate to bridge this gap and help these companies shape the future of tomorrow with confidence,” he added.

EsportsXO is a Bengaluru-based startup, started by Utsav Umang, Rohit Raj and Vikas Goel, which is building a global community of gamers and enthusiasts across console, PC, and mobile through esports tournament management and content creation. The platform has accumulated over 150K users within 90 days with a 20% month-on-month growth.

Esports presents a significant opportunity to bring the global gaming community together and grow, Vikas Goel, co-founder, EsportsXO, stated. “While Indian gaming is scaling rapidly, it is still a niche sector. As it matures further, there is a growing need for dedicated initiatives to support new-age companies. The Gaming Lounge syndicate has shown a deep understanding of the future of this industry both locally and internationally to support new innovations in this space,” he highlighted.

The Gaming Lounge will continue to promote the gaming industry through dedicated events, insights into the industry, and mentorship programs for early-stage founders to benefit from.

Read Also: ‘Meating’ demand

Follow us on TwitterInstagramLinkedIn, Facebook

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.