MetaShot, a Bengaluru-based console gaming startup, has secured Rs 11 crore in a combination of equity and debt funding, led by Sauce.vc, along with Sharrp Ventures and Panthera Peak Capital.
According to the company, the funds will be used for expanding the team, enhancing research and development, and building the brand.
Founded in 2021 by Malayali entrepreneurs Prince Thomas, Ranjit Kumar Behera, and Ajith Sunny, MetaShot has created the MetaShot Smart Bat, a device that tracks real-world shots and translates them into virtual gameplay.
The company’s unique homegrown technology is patent-pending and aims to bring console gaming to a broader audience.
The startup has also expanded into the Middle East and is planning a launch in the USA soon. Recently, it was featured in the Shark Tank India Season 4 trailer.
Prince Thomas, co-founder & CEO of MetaShot, says, "We’ve already seen over 8 lakh matches on MetaShot, showing the strong customer interest in our innovative gaming experience. Our goal is to create a platform that blends the physical and virtual worlds through a range of diverse games."
The global console gaming market is projected to grow from $50.9 billion to $91.24 billion by 2033, while India’s gaming sector is expected to increase from $2.2 billion to $8.6 billion by 2028.
