Qlan, an India-based social networking app for gamers and esports fans has raised $200k in pre-seed funding to support growth and improve gamer networking, discovery, and content creation capabilities.
Previously a bootstrapped firm, Qlan had a lengthy six-month beta testing process before launching the platform’s final version in January 2023. As of this writing, Qlan has received over 100,000 combined downloads. The early-stage start-up attracted a user base of over 50,000 gamers thanks to the dedication of a team of over 20 experts, who helped it achieve healthy organic growth.
Early adopters from the Indian subcontinent, Central Asia, Southeast Asia, Europe, North & South America, South Africa, and the MENA regions helped Qlan establish itself as a vibrant community for gamers and esports aficionados, which finally resulted in a successful pre-seed fundraising round.
The new funding will help Qlan in its vision of empowering gamers all over the world
Marwah Sports, CIIE.CO and Faad Network were among the major investors who contributed significantly to the investment round in support of Qlan’s unmatched strategy for improving the gaming industry’s bottom line. These investments will aid Qlan in realizing its goal of giving gamers everywhere a fun and seamless networking experience.
The pre-seed funding round signals an exciting new chapter for Qlan, and we are thrilled to have Marwah Sports, CIIE.CO, and Faad Network as backers. This shows the amazing potential of Qlan and the developing international gaming and esports market. While we are appreciative of gamers all around the world endorsing Qlan, our main goals right now are to scale our platform, improve user experience, and learn more about the demands of our community. With the essential assistance of our investors, we are ready to take Qlan to new heights and empower the rapidly growing worldwide gaming community.
Sagar Nair, Co-founder and CEO, Qlan
The investors that are supporting Qlan have a remarkable history of fostering and supporting profitable enterprises. Square Off, Elevar, and sports software businesses Uactiv and Sporjo are just a few of the notable projects that Marwah Sports, the sports division of the more than 60-year-old business Marwah Group, has funded.
“The nascent Indian and international gaming industry will be built on the backs of meaningful and active communities. With Qlan, people and organizations can concentrate on retention and engagement, which are the most crucial factors. The team’s growth is inspiring and exciting to us, and this is just the beginning,” stated Pranav Marwah, the Marwah Group’s director, and CEO of Marwah Sports.
The Innovation Continuum, or CIIE.CO stretches from research funding to incubation, acceleration, seed, and growth funding. Over 5000 startups have received coaching and mentoring from CIIE.CO, which has also invested in and sponsored over 300 startups.
Esports are experiencing “green shoots” of growth in India. As the administration gains legitimacy, regulatory frameworks ought to do the same. Athletes, teams, events, sponsors switching to franchises, etc. in esports are all sharply increasing at the same time. To facilitate growth, a solution driven by the community will be required to connect various components. This is where Qlan slots in and is ready to capitalize on what we believe to be a rising industry in India right now.
Chintan Antani, Vice President of Seed Investing, CIIE.CO
The Gaming Project, India’s first cloud gaming business, and Esports XO, one of the nation’s fastest-growing organizations, are among the numerous Esports companies in the portfolio of renowned investor network Faad Network Limited.
“The market for online gaming in India is estimated to be worth over $4 billion. 90% of these players not only engage in transactions but also actively interact on social media. Where Qlan, which is developing a holistic solution to unite gamers and esports enthusiasts, fits in is here. The outstanding crew will build a scalable business because they comprehend the space and pulse of these gamers,” said CEO of Faad Network Limited, Aditya Arora.
Qlan to utilize the funds to bolster its team and leverage its technologically advanced product
The Global Esports Market was estimated to be worth USD 1.08 billion in 2021, and it is anticipated to reach USD 2.8 billion by 2028, growing at a CAGR of 14.50% over the forecast period (2022-2028). Esports are growing in popularity as a result of worldwide digitization and the accessibility of cutting-edge gaming technology.
Qlan, which places a strong emphasis on building solid foundations, accelerating growth, and achieving product-market fit, intends to use the money raised in the Pre-Seed round to not only broaden the audience for its platform but also to strengthen its team and take advantage of its technologically cutting-edge product, which was painstakingly developed with an emphasis on user-centric principles.
What are your thoughts as Qlan has raised $200k in pre-seed funding? Let us know your opinions in the comments below!
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