Bengaluru-headquartered gaming and esports start-up EWar Games has raised a Pre-Series A funding round led by Inflection Point Ventures (IPV) — India’s largest and most active angel network. JITO Angel Network, Hyderabad Angels, and Ms. Pearl Agarwal, Founder & Director, Eximius Ventures also participated in the round. Notably, Ms. Agarwal participated in her personal capacity.
The funds raised will be utilized to drive further penetration into the Indian esports segment by introducing several new/innovative technologies and products which will provide a huge boost to the gaming ecosystem. Apart from marketing and growing the franchise and the platform, EWar is also developing a layer over its existing esports products to make the segment more competitive and increase external viewership.
This is the second round of funding raised by EWar during the current year. The company had earlier raised an angel round of $200,000 from House of Jindals and Mr. Jeet Banerjee (Founder, Gameplan) in January this year.
As of date, EWar’s platform has acquired a user base of 1 Mn users, and over 60K games are being played daily on EWar app. The start-up aims to have 5 Mn users by the end of the next year, and aims to become the go-to destination for all gaming enthusiasts as well as the most popular and most-valued gaming platform in India in the years to come.
EWar Games has built a first-of-its-kind vernacular gaming platform in India, which is being used by gamers to play their favourite games, stream, interact, watch (the gaming content streamed by other gamers), earn virtual or real money (while playing), and so on. Apart from a wide variety of both casual and real-money games, EWar is also focusing on the booming esports segment, wherein the start-up has introduced its flagship ‘Mahayudh’ mega tournament franchise in India (which is hosted three times a year with participation from amateur and pro gamers from all parts of the country). The platform also hosts and streams tournaments of PUBG, Call Of Duty (COD), Free Fire and other popular game tournaments with participation from world-renowned players such as Scout, Owais, and Gill.