MetaShot Secures ₹11 Crore to Redefine Console Gaming In an exciting development for the gaming world, MetaShot, a Bengaluru-based gaming startup, has raised ₹11 crore in a seed
In an exciting development for the gaming world, MetaShot, a Bengaluru-based gaming startup, has raised ₹11 crore in a seed funding round. This round was led by Sauce.VC, with additional backing from Sharrp Ventures and Panthera Peak Capital.
The gaming startup, founded in 2021, plans to use the raised capital for team expansion, research and development (R&D), growth, and to build its brand. With a clear vision for the future, MetaShot is ready to change the way people experience console gaming – and the numbers back them up!
MetaShot’s concept is truly innovative. The company is on a mission to bring the experience of console gaming to a wider audience, using homegrown technology that’s set to shake up the industry. MetaShot’s flagship product is a Smart Bat that tracks real-world shots and converts them into virtual actions within the game.
Founded by Prince Thomas, Ranjit Kumar Behera, and Ajith Sunny, MetaShot is a perfect example of how the gaming industry can merge physical and virtual experiences.
The MetaShot Smart Bat uses patented technology to track a user’s physical movements and translates them into digital actions within the game. Imagine swinging a bat in your living room and seeing your virtual shot land in the game – that’s the future MetaShot is building.
“We see MetaShot as the perfect way to connect with friends and loved ones over simulated sports. The games are simple, easy to play, and make for a fun social experience for all ages. We’re excited about the pipeline of games and feel the price point is perfect for gifting and export use cases,” said Manu Chandra, Partner at Sauce.VC.
Since its inception, MetaShot has been on a rapid growth trajectory. The company recently expanded into the Middle East and plans to launch in the USA soon.
But it’s not just about international growth. The product is now available for purchase across India through major e-commerce websites, quick commerce platforms, and offline retail channels.
To top it off, MetaShot even made it to the big stage – the startup was featured in the Shark Tank India Season 4 trailer, which helped elevate its visibility and garnered interest from investors and users alike.
Console gaming is a massive market worldwide, valued at a whopping $50.9 billion. The global console gaming market is expected to grow to $91.24 billion by 2033, and India alone is projected to see its market grow from $2.2 billion to $8.6 billion by 2028.
MetaShot is clearly tapping into this booming market with a fresh take on gaming. By merging physical activity with virtual play, it’s offering something unique that’s not only fun but also a way to stay active while gaming.
MetaShot’s early success is evident: the startup has already seen over 8 lakh matches played on its platform, a clear validation of customer interest in this novel approach to gaming.
Looking ahead, MetaShot’s vision is ambitious, but achievable. The startup plans to continue growing and expanding its product offerings with a wide variety of games that blend the physical and virtual worlds.
In fact, Prince Thomas, the CEO and co-founder of MetaShot, shared his excitement about the company’s future:
“Our vision for MetaShot is to become a platform that offers a diverse range of games, seamlessly merging the physical and virtual worlds. We’re thankful to Sauce.VC, Sharrp Ventures, and Panthera Peak Capital for their confidence and commitment to supporting our growth.”
In the current financial year, the company expects to see a 5x revenue growth from the previous year, showing the momentum the company is gaining as it continues to expand its user base and enhance its gaming portfolio.
MetaShot’s unique approach to gaming is more than just a new game – it’s an entirely new experience. The startup is revolutionizing the way people interact with console gaming by focusing on two main areas:
Given the explosive growth of the global and Indian gaming markets, MetaShot is well-positioned to make a lasting impact.
In addition to its expanding international reach, the startup’s unique product could be a game-changer for console gaming enthusiasts who are looking for something fresh and exciting. The combination of technology and active play sets MetaShot apart from traditional console gaming platforms, creating a more interactive, physically engaging experience.
The recent ₹11 crore funding is a clear signal of investor confidence in MetaShot’s potential. The company has successfully raised capital through a mix of equity and debt funding, with leading investors such as Sauce.VC, Sharrp Ventures, and Panthera Peak Capital backing the startup. This funding will allow MetaShot to:
As the world of console gaming continues to grow and evolve, MetaShot is perfectly positioned to capitalize on the trend. With its innovative products, solid funding, and expanding market presence, this Bengaluru-based startup is already making waves. Whether it’s the product’s unique physical and virtual blend or its ability to attract investors and users alike, MetaShot is a startup to watch in the coming years.
With its combination of cutting-edge technology, fun games, and an engaging user experience, MetaShot is set to change the future of console gaming. The startup’s growth so far is impressive, but it’s just the beginning. As it continues to expand its presence and roll out more games, MetaShot is bound to make a big splash in the global gaming market.
So, if you’re a gamer looking for something fresh and exciting, keep an eye on MetaShot – it’s only a matter of time before they take the world by storm!
