My Game Mate (MGM), a mobile gaming platform has raised $2,00,000 in a seed funding round from incubator CanQbate50.
MGM, The gaming platform was founded last year by Parshav Jain, Raj Kushwaha and Swaraj Gupta. Jain is a serial entrepreneur and founder of ecommerce platform Platify. Kushwaha and Gupta are both game developers and have worked with companies such as Appxart Technologies and Mobiloitte.
“We are developing eSports platform so that video game players can receive recognition like any other sportsmen, athletes or celebrities. CanQbate50 is a perfect association, which is helping us spread our wings in the North American market,” Parshav Jain, CEO and co-founder of MGM, said.
Earlier this year, MGM was part of the Startup Milaap 2020 event organised by RaiseMyStartup, from where they started their discussion to attract investment through Vijay Singh Rathore, founding partner at Nucleus Advisors.
Launched in March, CanQbate50 is a joint initiative of business consulting firm Nucleus Advisors and Toronto-based incubator Venture Development Institute.
“MGM is creating a community of online gaming players, which will tap the current $317 million Canadian market of esports. This market will reach $956 million by 2024. The current Covid-19 pandemic has also boosted the online gaming industry and MGM will surely ride the tailwinds,” Vijay Singh Rathore, founding partner at Nucleus Advisors, said.
Other players in the segment include Dream11, Mobile Premier League and Halaplay.
If you are also looking to raise funds for your startup, register it on https://bit.ly/RMSPitch8 and get a chance to pitch at Pitch8, another initiative of RaiseMyStartup.