EWar raises $200,000 from angel investors

Our Bureau Mumbai | Updated on April 16, 2020 Published on April 15, 2020

Bengaluru-based e-sports and real-time gaming start-up EWar Games has raised $200,000 in equity funding from the angel investment arm of House of Jindals and entrepreneur and founder of Gameplan Jeet Banerjee.

“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,” Parth Chadha, Founder and CEO, at EWar Games said.

Gameplan is a Kolkata-based sports management firm.

The funds will be used for product improvement and boosting its marketing activities. The company is further looking forward to raise its next rounds of funding in the upcoming few months, EWar Games said in a statement.

As per IT industry body Nasscom’s projections, the Indian mobile gaming market would be about $1.1 billion by the end of the current year, with and the number of gamers will rise to around 628 million by then.

Published on April 15, 2020

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