Friday, 9 August 2024, Bengaluru, India
Oneiric11 Gaming is a gaming and e-sports platform that offers various fantasy sports. The startup raised 1 million USD during its pre-series A funding round from NG Family Trust and TAC Holdings. The round saw the participation of several new and existing investors. The company plans to use these fresh proceeds to scale its operations, grow its game development team, improve its gaming capabilities, and enhance its technological infrastructure. The investment aims to increase its customer base and reach more audiences.
Oneiric11 Gaming is a Chandigarh-based, gaming startup focused on developing immersive and engaging gaming content customized to meet the preference of Indian gamers. The investment will help Oneiric11 to enhance its capability by launching new services, technology, networks, and marketing efforts. The company claims to offer a zero transaction fee feature on its platform with a consumer-centric approach. This highlights the focus of the startup towards responsible gaming. The platform allows players to engage with a variety of e-sports and enjoy the prizes and rewards. Oneiric11 faces competition from other gaming platforms including EVIS e-sports, GRID esports, Jetsynthesys, Gameskraft, and more.
The CEO and founder of Oneiric Gaming, Avneet Singh told medianews4u that the investment will help the firm to accelerate business growth and launch more innovative gaming solutions for its users. The company aims to revolutionize the gaming industry and set new standards of accessibility and transparency for all. The involvement of Rannvijay, an actor as a key investor has been a booster for the startup’s visibility and credibility. The partner at NG Family Trust, Nitin Patel showed his trust in the Oneiric11 gaming’s vision and its ability to emerge as a key playerin India’s growing gaming market. The goal of NG family trust aligns with the gaming startup and they believe that by working together they will be able to push the boundaries of technology and the entertainment industry.
The development came just after the Indian gaming startups saw increased investor interest. The fresh investment will enable the company to expand its network and reach more clients and customers across India. The application can be downloaded on Android and iOS. The mobile app provides an immersive gaming experience with various rewards The company will also use a portion of newly secured funds to enhance its platform.
Conclusion:
E-sports gaming startup Oneiric 11 Gaming secured 1 million USD from NG Family Trust and TAC Holdings with the participation of other investors in its pre-series A round. The startup plans to use this fresh capital to strengthen the technology, enhance its gaming capability, and generate innovative gaming solutions. The company also intends to use some of this investment to improve its infrastructure and game development process. The company claims that its zero-transaction fee platform is with a consumer-centric approach. The platform provides various e-sports and fantasy games with rewards. The startup wants to change the gaming ecosystem in India and set new standards for a more immersive and engaging user experience.
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