Revenant Esports funding
Ventureland Asia, the investment division of Creativeland Asia run by Sajan Raj Kurup, has invested $1 million in gaming startup Revenant Esports. This makes Kurup become a 40% stakeholder in the gaming company launched in 2020.
Commenting on the investment, Kurup said, “Esports gaming is booming in India, especially in the current times when indoor gaming has picked up significantly. Revenant Esports has been set up by Rohit Naresh, an avid gamer who comes from a business background and I believe it is a good combination to build a gaming company in India. Our focus will be on getting more players on the platform, build IPs, stage tournaments on television, and capture the growing tier-II markets. The goal is to build Revenant into a Rs 150 crore company in the next 18 months.”
Revenant Esports is a platform for gamers and content creators. The startup has more than 25 well-known esports athletes who play across popular gaming titles such as Call of Duty Mobile: Multiplayer, Call of Duty Mobile: Battle Royale, Clash of Clans, and FreeFire.
The platform claims to have 15,000 active gamers and 20,000 hours of watch time from their content creator network, tournaments, and athletes. The company strives to grow more in the next 18 months.
Speaking about the development, Rohit Naresh Jagasia, founder and chief executive officer, Revenant Esports, said, “We aim to grow aggressively in competitive esports, virtual/offline events, and content. We will soon be launching an esports tournament management platform. We are also in talks with TV broadcasters about telecasting esports tournaments along with building more brand partnerships.”
Esports has been flourishing in India. According to a Venture Intelligence report, since April 2020, venture capital funds have poured in $438 million in Indian gaming start-ups.
As per industry estimates, the viewership of esports in the country doubled to 17 million in 2020 while the prize money pool increased 25-30%. The format has also been acknowledged globally, with the Olympic Council of Asia (OCA) introducing esports as a medal sport for the first time at Asian Games 2022.
Esports has become a huge hit among youngsters, greatly benefitting gaming startups in the country. As an avid gamer himself, Rohit Jagasia is taking Revenant Esports to new heights.Shishir Gupta, Founder and CEO, StartupLanes
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