# Tournafest

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

- Industry: Software
- Headquarters: Jaipur, India
- Website: www.tournafest.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Jul 1, 2021)
- Investors on record: 5

## About

Based in India, Tournafest provides a comprehensive platform designed specifically for gamers, enhancing their skills and facilitating professional recognition in competitive gaming.Tournafest was established in 2021 in Jaipur, India, and operates as a platform for gamers to engage in competitive gaming and enhance their skills. The company has successfully completed two deals, with its most recent funding round occurring in October 2021, where it raised INR 30.520 mn through a Seed round involving investors such as First Cheque and Lendingkart Finance Limited. The founders, Ayush Agarwal and Kaustubh Trivedi, have established a strong foundation for the platform, focusing on creating a community for both amateur and professional gamers, with a current company valuation of INR 169.418 mn.Tournafest® operates as a comprehensive platform tailored specifically for gamers, providing a unique ecosystem designed to enhance their skills and facilitate professional recognition. The platform enables users to engage in competitive gaming, develop their talents, and connect with like-minded individuals. It caters to a diverse range of gamers across various skill levels and locations, aligning with the growing global interest in esports and is available in markets such as North America, Europe, and parts of Asia.In the most recent year, Tournafest® reported revenue of INR 5893.5 mn, with an EBITDA of INR -243740.2. The platform generates revenue through a structured system that includes subscriptions and partnerships. Users can access premium memberships for exclusive tournaments and training tools, while brands seeking to engage with the esports community may sponsor events, further diversifying income streams.Tournafest plans to innovate with upcoming products designed to enhance user experiences in competitive gaming; specific release dates are not disclosed. The company is strategically targeting expansion into new geographic regions to increase its presence and user base. The additional funding raised in October 2021 will support these initiatives, allowing Tournafest to enhance its platform and broaden its market reach.

## Funding rounds

- Seed, Jul 1, 2021, $0.4M — India Quotient, SUGAR Cosmetics, Lendingkart Finance Limited, ShareChat, First Cheque

## Investors

- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed
- SUGAR Cosmetics — Seed
- Lendingkart Finance Limited — Seed
- ShareChat — Seed
- First Cheque (https://capitalatlas.ai/funds/first-cheque) — Seed