Gaming startup MetaShot raises $400K in pre-seed round

Bengaluru based gaming startup, MetaShot, raises $400K in a pre-seed funding round with participation from Inflection Point Ventures. An early-stage gaming focussed fund and prominent angels, including founders of Dineout – Ankit Mehrotra, Sahil Jain and Khalid Qazi were participated in this round.

The funds will be used for growing the tech team, scaling operations, investing in marketing and R&D.

MetaShot envisions a future where the thrill of sports extends to every household. By democratizing the console gaming industry, the startup is making metaphysical gaming devices accessible to a wide spectrum of households.

Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “MetaShot is bringing a near real life cricketing experience to the gamers. Cricket is loved in India in all seasons and for all reasons. We see that with the right marketing and business strategy, that Metashot has demonstrated, they can tap into billions of cricket lovers in the country and explore strategic partnership to drive their brand recall. The potential is immense, and we believe IPV can help MetaShot with this Moon shot of an opportunity.”  

MetaShot offers an innovative cricket gaming platform that brings an immersive experience to users in their homes. It eliminates the need to wait for the right season or stadium, allowing players to engage in cricket and connect with friends globally. The platform enables social gaming by facilitating matches between friends and strangers worldwide. Positioned to stand out in the global console market, MetaShot aims to create a new audience by offering a distinctive metaphysical gaming encounter.

MetaShot is supported by a dynamic trio of founders with diverse expertise and extensive experience. CEO Prince Jacob Thomas holds over 13 years of experience in product and brand-building, previously holding a management role at BankBazaar.com. COO Ranjit Behera, an alumnus of IIM Bangalore and NIT Rourkela, boasts a strong background in growth and marketing strategy, with a history at companies like MyGate, Aditya Birla, and BankBazaar, and holds two patents. Meanwhile, CFO Ajith Sunny brings a robust background in sales and operations, having held senior roles across various industries, including logistics and real estate.

Prince Thomas, Co-founder, MetaShot says, “MetaShot aims to revolutionise the $72bn global gaming console market by introducing accessible metaphysical gaming, which is currently in its early stages globally and in India. Our mission is to bring the joy of physical sports to every living room. With our first product, we aim to bring the fun & excitement of real cricket into every living room of a cricket-crazy nation. Interestingly, we dreamed, designed & built MetaShot completely out of India. We thank our investors for believing in our journey and backing our mission.” 

In a cricket-obsessed nation, MetaShot is reshaping the game itself. The pricing, set at a mere fraction of console costs, opens the door for every cricket enthusiast to indulge in an enticing and accessible experience. MetaShot achieved a remarkable feat by selling its pre-booking spots for Bangalore in 24 hours!

Currently, MetaShot is operating in the Bangalore market and plans to expand its operations to other cities in the second quarter of the current financial year, with further aspirations to venture into other cricket-playing nations soon.

The Indian gaming gadget market, currently valued at $1.2 billion, is projected to experience a significant CAGR of 14.1%, reaching an estimated worth of over $6.3 billion by 2032. Globally, the gaming gadget industry stands at $71.2 billion today and is anticipated to grow substantially to $157 billion by 2032.