# esportsXO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/esportsxo

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.esportsxo.gg
- Total disclosed funding: $1.1M
- Latest round: Seed (Feb 24, 2022)
- Investors on record: 4

## About

esportsXO, based in India, delivers innovative software solutions for the esports sector, connecting gamers, tournament organizers, and brands to streamline event management and enhance competitive gaming.Founded in 2020 and headquartered in Bangalore, India, esportsXO operates as a standalone entity without known subsidiaries. The company was established by Rohit Raj and Utsav Umang, with Vikas Goel serving as CEO. esportsXO has successfully completed 5 funding deals, with the latest being a SEED round in which it raised INR 79.53 mn, led by We Founder Circle along with investments from Eximius Ventures, SOSV, and SucSEED Venture Partners. The total amount raised by the company to date is INR 79.53 mn, with a current valuation of INR 402.34 mn.esportsXO offers a SaaS-based tournament discovery platform designed to connect gamers, tournament organizers, game developers, and brands. The platform features AI-powered tools for tournament management and scheduling, catering to independent organizers, game developers, and gamers. Operating primarily in India, esportsXO aims to extend its services to additional international markets as it grows.In the fiscal year 2023, esportsXO generated revenue of INR 1,321,769.20, while recording an EBITDA loss of INR 556,408.50. Revenue streams include platform usage fees, sponsorships, advertisements, ticket sales, and media rights, facilitating diverse interactions across B2B and B2C channels.esportsXO plans to introduce new features to its platform, though specific product launch dates are not detailed. The company is focused on expanding its market presence beyond India to capture opportunities in other regions. Recent funding will be allocated towards enhancing platform capabilities and exploring new market entry strategies, including potential partnerships to foster growth.

## Funding rounds

- Seed, Feb 24, 2022 — SOSV
- Seed, Nov 25, 2021, $1.1M — SOSV, SucSEED Venture Partners, We Founder Circle, Eximius Ventures

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- SucSEED Venture Partners (https://capitalatlas.ai/funds/sucseed-venture-partners) — Seed
- We Founder Circle (https://capitalatlas.ai/funds/we-founder-circle) — Seed
- Eximius Ventures (https://capitalatlas.ai/funds/eximius-ventures) — Seed