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E-sports platform Khelgully raises Rs 3.1 crore from Titan Capital

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Khelgully, online gaming platform that organizes tournaments of various games like Call Of Duty, Freefire, Clash Royale, BGMI, Valorant, Apex Legend, Fantasy Cricket among others has raised Rs 3.1 crore in seed round from Titan Capital.

The online platform that aspires to empower the gaming community to take up gaming as a career in the near future will be utilizing the funds for product and team building. Besides the lead investor, Titan Capital, the funding round also had Sujeet Kumar, Co-Founder, Udaan, Neil Bahl, Co-Founder, Negen Capital, Sumit Shah, Co-Founder, Dukaan, Rishabh Karwa, Co-Founder, GoMechanic, Prabhkiran, Co-Founder, Bewakoof.com among others.

Commenting on raising the funds, Prakul Bansal, Co-Founder, Khelgully said in a statement, “We are thrilled and super-excited to be backed by Titan Capital. The kind of trust they have shown in us, being a new entrant in the e-gaming segment is truly appreciative and we will ensure, we not only stand to the faith but will further prove ourselves as the right choice for a segment like this. We are looking forward to this new journey.”

Bansal adds that the company wishes to build a collaborative platform that encourages and motivates players, organizers, content creators, sponsors & other stakeholders to come together in an ever-growing constructive and uplifting environment.

“As a sport, e-sports have steadily gained popularity with youth, and consequently has become an attractive option for brands to connect with young and empowered audiences. Khelgully is at the center of the ecosystem, building a platform for billion gamers in the community to take up gaming as a profession,” said Bipin Shah, Partner at Titan Capital in a statement.

The Indian e-gaming industry is expected to grow at the rate of 22.1% from Rs 438 billion to Rs 1,188 billion by 2023. Khelgully has received more than 2 lakh registrations in the last four months and is emerging as one of the leading players in the e-gaming segment.

Started by Prakul Bansal, Dheeraj Kumar Gaur and Rajat Goyal in March 2021, the platform caters to the needs of players, organizers, streamers, content creators and other stakeholders while bringing the entire e-sports community together.

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