3rd May 2024 – TalkEsport, an esports and video gaming media platform renowned for its comprehensive coverage of news, entertainment, and interviews, has successfully raised $1 million (INR 8.24 Cr) in Pre-Series A funding. This significant investment comes from Saswat Ventures, backed by BL Sharma, the principal investor of the Kolkata-based startup.
The infusion of funds will be pivotal in TalkEsport’s strategic initiatives, including the enhancement of its core website, the establishment of a production studio in Mumbai, and the rollout of a mobile application tailored for its vast audience. Founded in 2011 by Deepak Ojha, TalkEsport has amassed a loyal following, serving an impressive 40 million gamers worldwide.
Deepak Ojha, the visionary behind TalkEsport, expressed his enthusiasm about the funding, stating, “The $1 million investment will fuel our mission to provide unparalleled experiences for esports enthusiasts globally. We are keen on expanding our team of gaming enthusiasts and extending our global reach.”
Pranav Nalawade, the esteemed editor-in-chief of TalkEsport, emphasized the platform’s commitment to delivering trustworthy and reliable news. He articulated plans to revolutionize content consumption within the esports realm, leveraging various mediums such as podcasts, multimedia, short-form content, and analytical narratives.
India’s burgeoning gaming landscape is evident with the presence of gaming unicorns like Dream11, Games24x7, and Mobile Premier League (MPL). Notably, Games24x7 recently collaborated with the Karnataka Government to launch ‘GameTech Accelerate – The Future of Gaming,’ an online gaming accelerator initiative.
The Indian gaming market continues to witness exponential growth, boasting an active user base of over 500 million gamers. Gaming-focused VC firm Lumikai projects a substantial surge in gaming revenue, estimated to reach $7.5 billion by FY28.
Conclusion:
TalkEsport’s successful funding round underscores its commitment to expanding its global footprint and delivering top-notch content to esports enthusiasts worldwide. With strategic investments and a robust growth trajectory, TalkEsport is poised to make significant strides in shaping the future of the esports media landscape.
Source:Link
