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Bangalore-based social eSports RMG platform, Khelgully Gaming Private Limited, has raised Rs 3.1 crore in series seed round funding led by Titan Capital.
The round also saw the investment from other Angel investors including Sujeet Kumar (Co-founder of Udaan), Neil Bahal (Founder & CEO of Negen Capital PMS), Sumit Shah (Co-founder of Dukaan), Rishabh Karwa (Co-Founder of GoMechanic), and Prabhkiran (Co-founder of Bewakoof.com) and others.
Established in 2021 by IIT-IIM Alumni Prakul Bansal, Rajat Goyal, and Dheeraj Kumar, Khelgully organizes online tournaments for popular games like Call of Duty, Freefire, Clash Royale, and Fantasy Cricket, and has received over 2 lakh registrations on the platform in the past four months.
Commenting on the fundraise, Co-founder of Khelgully, Prakul Bansal, said, “We are thrilled to be backed by our investors and are looking forward to building a path for a billion gamers to take up gaming as a career choice. We intend to build a collaborative platform to motivate the players, organizers, content creators, sponsors & other deep-rooted stakeholders, and bring them together in a constructive and uplifting environment.
Khelgully operates on the real money gaming model and allows players to earn real cash while pursuing their passion for gaming.
Speaking on the investment round, Neil Bahal, CEO of Negen Capital said, “Quite clearly, will have substantial, natural tailwinds and we could see quite a few successful companies emerge from this space. The Khelgully founders have very clear ideas about building their community and infrastructure and we are equally confident in backing them.”