Bangaluru-based esports platform EWar raises US$200,000 in equity funding from the angel investment division of Karnataka-based House of Jindals (traditionally a steel magnate) and Jeet Banerjee, the founder of Kolkata-based sports management firm Gameplan Sports Pvt Ltd.
The funds raised by EWar will be used to optimize the user experience of its mobile gaming platform and perfect its quality. Besides this, the app’s marketing and brand promotion will also be focussed on.
As per a report in BWDisrupt, commenting on the raising of funds, Parth Chadha, Founder & CEO, EWar Games said, “We are delighted to announce our maiden equity funding that has happened only within three months of EWar’s inception; this will provide our start-up with the necessary initial financial boost and enable us to penetrate the market and reach our target customers seamlessly. Within a very short span of time, our esports application has become overwhelmingly popular and is witnessing 3x month-on-month growth. EWar is now aiming to cater to a user base of over 1 million in the next two months and wants to position itself as the most customer-centric gaming platform and a one-stop solution for all gaming and e-sports enthusiasts in India.”
Rahul Singh, Co-Founder, EWar games adds, “The trend of e-sports and games in India has grown notably in recent times; great players are coming up in various parts of the country, and our platform wants to be an ultimate place for all such players to play, stream, and get rewarded consistently. In order to do this, we have combined the best features from multiple mobile games and/or gaming platforms. While leveraging the increased interest of Indian consumers of playing games either for money or casually, EWar is giving these skilled online gamers an unprecedented opportunity to compete at the same levels at which big and recognized sports’ players do.”
EWar was launched in January 2020. It hosts real-money games, leagues and tournaments. The games covered on the app include Ludo, Pro Cricket Champion, Candy Jam, Drift Boss, PUBG, KnifeDart, and FreeFire. As per EWar’s website, the app has over 100,000 downloads. The platform is available in eight vernacular languages.