Gamerji and Burma Burma raises early stage funding | Tech Reddy

E-sports tournament platform Gamerji on Wednesday said it has raised $3 million in a pre-Series A funding round from GVFL (formerly Gujarat Venture Finance Ltd) and existing investor Unicorn India Ventures.

The Ahmedabad-based startup will use the capital to grow the platform in international markets, including West Asia and North Africa, where it recently launched. It plans to enter Southeast Asian markets, starting with Indonesia and the Philippines. A portion of the funding will go towards the development of technological solutions to enhance the online gaming experience, the company said in a statement.

The latest investment takes the total funding raised by the startup to $5 million. Gamerji was founded in 2019 by Soham Thacker, a serial entrepreneur who also previously launched startups FixPocket and FantasyG. The company provides a platform for gamers to compete, share content, host matches, build their gaming profiles and win prizes.

“Gamergy has started and we have already launched in the Middle East. We are also in the process of rolling out to new geographies and the fresh infusion of capital will help us meet our growth targets ahead of schedule,” said Thacker, CEO and Founder, Gamerji.

In the past 12 months, Gamergy has grown from 1 million to 4 million users. Currently, the platform hosts more than 400 tournaments daily across 22 titles including BGMI, Free Fire Max, Call of Duty Mobile, Clash Royale, CS:GO.
Bhaskar Majumder, Managing Partner, Unicorn India Ventures said, “Gamergy’s vision to provide a platform for amateur gamers as they look to turn professional is a large untapped market.

“Since inception, SOHAM has worked towards this mission and we have seen its merits leading to Unicorn India funding 3 rounds in the company. And we continue to support Gamerji’s growth story,” he added.
The startup, since launching in the UAE and Saudi Arabia, has added more than 100,000 gamers in the region. Its plan is to build a large user base in the growing gaming sector in India and cater to cross-border tournaments in other regions.

“Gaming is one of the fastest growing industries in India with mobile gaming dominating the sector, accounting for over 90% of it. Together, we aim to help them expand their footprint and digital presence across the globe,” said Kamal Bansal, Managing Director, GVFL.

Burma Burma Restaurant and Tea Room, a Burmese vegan restaurant chain, has raised over $2 million in a seed round led by Negen Capital with participation from BBigPlus Poly Pvt Ltd. Ltd

The latest round is the first funding for the restaurant chain, which until now had been bootstrapped.

The brand plans to use the capital to expand into new cities in the country, as it goes deeper into existing cities The restaurant chain is currently present in Mumbai, Delhi, Noida, Gurgaon, Bengaluru, Kolkata.

“Over nine years in the business, we have thoroughly tested four regions of the Indian market for Burmese food in 6 cities across India,” said Chirag Chhajer, co-founder, Burma Burma in a statement.

“We are looking at opening 8 new outlets in the next 15 months, taking our total to 14 outlets. With our 450+ member strong team, our next goal is to take Burma Burma beyond India, we are now more prepared than ever,” he added.

The chain was started by Chhajer and Ankit Gupta in 2014 to make Burmese food more accessible.

“Burma is perfect for a fund like Burma Negen Capital. Niche, profitable and a very strong brand name, we believe in India’s food sector and its growth trajectory. We are very confident that Burma Burma will be able to scale further with our growth capital,” Jigar Shah, Director, Negen Capital said.