Indian esports and gaming social media platform Qlan has announced a $200,000 (~£158,266) pre-seed round, led by Marwah Sports, CIIE.CO and Faad Network.
The money will be used to scale the company and establish a product-market fit ahead of possible new rounds in the future, according to a release.
Qlan is an Indian social platform owned by Avocore Technologies. The app is available for iOS and Android devices, and has been downloaded more than 100,000 times. Although it is an Indian company, Qlan aims to provide services around the world, noting Europe, the MENA region and North and South America as some of the markets it is present in.
The investment has been led by the Marwah Group, a commercial real estate company; incubator and startup accelerator CIIE.CO; and investor network Faad Network Limited.
Although few details were shared, Qlan noted it wants to use the money to ‘fuel its expansion and enhance gamer networking, discovery, and content creation capabilities’. The company did not mention whether it plans to prepare for a potential seed round in the near future.
The investment is the latest in a string of positive bits of news from India. In recent months, the country’s regulators allowed popular battle royale game Battlegrounds Mobile: India, the Indian version of PUBG Mobile, to return to stores. Popular Indian streaming platform Rooter raised $16m (£12.9m) and NODWIN raised $28m (⁓£22.5m), both in May of this year.
Sagar Nair, Co-Founder and CEO of Qlan, said: “This demonstrates the remarkable potential of Qlan and the burgeoning global gaming and esports industry. While we are grateful for the worldwide validation of Qlan by gamers, our primary objective now is to scale our platform, optimise user experience, and gain deeper insights into our community’s needs. With the invaluable support of our investors, we are poised to elevate Qlan to new horizons and empower the ever-expanding global community of gamers.”
