Marcos Gaming, an esports and entertainment startup, has recently closed a pre-seed funding round led by India Accelerator and Finvolve. The startup primarily works with professional teams and athletes in various games like BGMI, Clash of Clans, CS2 etc., with an intent to build a gaming community and culture across India.
The funds will be used for building communities through content, building IPs and expanding into other esports titles. Work on the holistic approach in esports and entertainment, ranging from grassroots to working with some of the biggest gaming influencers in India.
Founded in 2019 by Akhil Kavuturu and Sudhir Kuria, Marcos Gaming was accelerated by STPI IMAGE in Hyderabad and is backed by angel investor Mohan Parthasarathy. Kulria said, “India’s esports and entertainment system is extremely fragmented. The growth of esports in India has been exponential in India with StarSports and Jio entering the ecosystem. We believe Esports will be the next big thing after Cricket in India. The Indian government has been looking at esports and entertainment, and various state authorities have already started working on developing esports.”
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Abhay Chawla, co-founder and COO of India Accelerator added, “We are thrilled to announce the culmination of a strategic partnership as India Accelerator and Finvolve successfully close the investment round for Marcos Gaming. India Accelerator's commitment to fostering innovation aligns seamlessly with Finvolve's vision for transformative investments. Marcos Gaming, with its promising trajectory, embodies the kind of forward-thinking ventures we are eager to support. Our joint investment underscores our confidence in the team's capabilities and the potential for Marcos Gaming to emerge as a trailblazer in the gaming sector.”
According to EY, esports in India, the size of the Indian eSports industry would grow over fourfold from Rs 2.5 billion to Rs 11 billion by FY2025. By FY2025, India will have 1.5 million esports players.
