Esports startup Marcos Gaming raises funding from India Accelerator

Marcos Gaming, an esports and entertainment startup, has raised an undisclosed amount in a pre-seed funding round led by India Accelerator and Finvolve.

The startup, known for working with top professional teams and athletes in games like BGMI, Clash of Clans, and CS2, aims to foster a gaming community and culture throughout India.

What is the purpose of fundraising?

Marcos Gaming said the funds raised will be channelled towards building communities through content, developing IPs, and expanding into other esports titles. The startup said it is committed to a holistic approach in esports and entertainment, which includes grassroots initiatives and collaborations with prominent gaming influencers in India.

Who are the founders?

Marcos Gaming, founded in 2019 by Akhil Kavuturu and Sudhir Kuria and backed by STPI IMAGE in Hyderabad as well as supported by angel investor Mohan Parthasarathy, has thrived by not relying solely on one game title. This approach helped it navigate challenges such as COVID and multiple game bans.

Sudhir Kulria, Founder, Marcos Gaming says, “India’s esports and entertainment system is extremely fragmented. The growth of esports in India has been exponential in India with StarSports, 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 in developing esports.”

Empowering startups in the gaming industry

Abhay Chawla, Co-Founder & COO of India Accelerator, said, “We are thrilled to announce the culmination of a strategic partnership as India Accelerator and Finvolve successfully close the investment round for Marcos Gaming. This marks a significant milestone in our collective pursuit of supporting ground-breaking ventures in the gaming industry. India Accelerator, with its extensive experience in seed-stage investments, and Finvolve, a stalwart in the financial evolution landscape, are proud to collaborate in fueling Marcos Gaming’s journey.”

The expanding esports landscape in India

According to EY eSports in India, the Indian eSports industry is expected to grow over fourfold, from Rs 2.5 billion to Rs 11 billion by FY25. The country is anticipated to have 1.5 million esports players by then. This growth underscores the significant potential and opportunities in the Indian esports sector.

Join our new WhatsApp Channel for the latest startup news updates