GVFL & Unicorn India Ventures Investment in Esports Startup Gamerji

Esports startup Gamerji-tournament platform has raised $3 million from Gujarat Venture Finance Limited (GVFL) and current investor Unicorn India Ventures.

The startup claims that the cash raised would be utilized to expand the platform in foreign areas, particularly West Asia and North Africa, where it recently debuted. The startup with headquarters in Ahmedabad also has aspirations to go into Southeast Asia, starting with Indonesia and the Philippines.

A part of the funds collected will also be used to research technological innovations that will improve the online gaming experience.

Gamerji |  eSports Tournament Platform

Gamerji is an eSports tournament platform that allows players to compete, post content, host matches, grow their gaming profile, and earn prizes. It was founded in 2019 by Soham Thacker, a serial entrepreneur who had previously founded Fixpocket and FantasyJi startups.

Speaking about the development, Soham Thacker, CEO and Founder of Gamerji, said, “Gamerji started out ahead of us, and we’ve already made an appearance in the Middle East. We are also in the process of expanding into more regions, and a fresh influx of finance will assist us in exceeding our growth objectives earlier than expected.”

With this round included, Gamerji has now secured $5 million in fundraising.

Over the past 12 months, the number of users on the eSports tournament platform has increased from 1 million to over 4 million. At the moment, Gamerji runs more than 400 tournaments per day across 22 games, including, among others, BGMI, Free Fire Max, Call of Duty Mobile, Clash Royale, and CS:GO.

GVFL’s managing director, Kamal Bansal, commented on the development by saying,

“Gaming is one of the fastest-growing sectors in India, with more than 90% of the market being dominated by mobile gaming. We hope to work together to increase their global impact and online visibility.”

More than 100,000 new players have joined the startup in the area since its launches in Saudi Arabia and the United Arab Emirates, respectively. It intends to attract a sizable user base in India’s expanding gaming industry and provide services for international competitions in other areas.

According to a report by Lumikai, a venture capital business with a gaming concentration, the gaming market is anticipated to reach $8.6 billion in FY27. Several game firms, including Driffle, Lysto, CloudFeather Games, and The Gaming Project, have raised funds this year.