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ArticleThe Esports Advocate28 Jun 2023

Qlan Raises $200K USD in a Pre-Seed Funding Round

Esports
Funding
Investment

Length: ~3 min read
Format: Web page at the source
Source: esportsadvocate.net

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Key insights

5 takeaways

01
Mumbai-based gaming and esports social platform Qlan raised $200,000 USD in its first-ever external funding round.
02
The pre-seed round included participation from investors Marwah Sports, CIIE.CO, and Faad Network.
03
Qlan reported over 100,000 total downloads and 50,000 active users across regions including India, the Asia Pacific, Europe, the Americas, South Africa, and MENA.
04
The company plans to use the capital to improve gamer networking, discovery, and content creation capabilities.
05
Qlan transitioned from a fully self-funded model to its first round of outside investment following a six-month beta test that concluded in January 2023.

Summary

Qlan, a Mumbai-based social networking platform dedicated to esports and gaming, has successfully secured $200,000 USD in a pre-seed funding round. This investment marks the company’s first instance of external financing, as the platform had previously operated as a fully self-funded entity. The funding round included participation from Marwah Sports, CIIE.CO, and Faad Network.

The capital is earmarked to support the company’s strategic expansion efforts and technical improvements. According to co-founder and CEO Sagar Nair, the funds will be utilized to enhance core platform features, specifically focusing on gamer networking, discovery, and content creation capabilities.

The platform has demonstrated significant growth, reaching over 100,000 downloads and maintaining a base of more than 50,000 active users. Its reach is global, spanning markets in India, the Asia Pacific region, Europe, the Americas, South Africa, and the MENA region. Following a six-month beta testing period that commenced in the second half of 2022, the final version of the platform was officially launched in January 2023. This development highlights the ongoing interest in specialized social infrastructure within the global gaming and esports ecosystem.

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