October 31, 2024

Qlan Raises $200,000 in Pre-Seed Funding Round

Qlan

Qlan, an Indian esports and gaming social media platform, recently announced the successful completion of a $200,000 pre-seed funding round. This investment, led by Marwah Sports, CIIE.CO, and Faad Network, will fuel Qlan’s expansion and support the establishment of a solid product-market fit. With a strong focus on global outreach, Qlan aims to enhance its gamer networking, discovery, and content creation capabilities. This funding round marks yet another positive development in India’s thriving esports and gaming industries.

Qlan, owned by Avocore Technologies, is a social platform catering to the esports and gaming communities. Available for iOS and Android devices, the app has garnered over 100,000 downloads. While the company originates in India, its ambitions extend beyond national borders. Qlan aims to provide its services worldwide, with a specific focus on markets such as Europe, the Middle East and Africa (MENA) region, and North and South America. This strategic vision positions Qlan as a global player in the fast-growing esports ecosystem.

Sagar Nair, Co-Founder and CEO of Qlan, expressed his gratitude for the validation of Qlan’s potential by gamers worldwide. He emphasised the company’s primary focus on scaling the platform, gaining deeper insights into the community’s needs, and elevating Qlan to new horizons. With the unwavering support of its investors, Qlan is well-positioned to empower the global community of gamers and seize the abundant opportunities within the esports and gaming industries.

“This demonstrates the remarkable potential of Qlan and the burgeoning global gaming and esports industry. While we are grateful for the worldwide validation of Qlan by gamers, our primary objective now is to scale our platform, optimise user experience, and gain deeper insights into our community’s needs. With the invaluable support of our investors, we are poised to elevate Qlan to new horizons and empower the ever-expanding global community of gamers.”

Leading the pre-seed funding round are esteemed organisations such as Marwah Sports, a notable commercial real estate company, CIIE.CO, an incubator and startup accelerator, and Faad Network Limited, an investor network. These investors recognise the immense potential of Qlan and the rapidly expanding global gaming and esports industry. Their support will not only facilitate Qlan’s scale-up but also empower the company to optimise the user experience and gain valuable insights into the needs of its community.

India’s gaming industry has experienced a series of encouraging developments in recent months. Regulatory authorities in the country allowed the highly popular battle royale game, Battlegrounds Mobile: India, which is the Indian version of PUBG Mobile, to return to app stores. Moreover, prominent Indian gaming platforms have successfully secured significant funding. Rooter, a leading streaming platform, raised an impressive $16 million, while NODWIN, a prominent esports company, secured a substantial $28 million investment. These positive trends highlight the growing recognition and support for India’s gaming and esports ecosystem.

Although specific details about Qlan’s expansion plans were not disclosed, the company expressed its intention to utilise the funds to support its growth objectives. Qlan aims to enhance gamer networking, facilitate content creation, and improve the overall user experience. While a potential seed round in the near future was not explicitly mentioned, Qlan’s strategic utilisation of this pre-seed funding lays a solid foundation for future fundraising activities.

Qlan’s successful $200,000 pre-seed funding round, led by prominent investors such as Marwah Sports, CIIE.CO, and Faad Network, reinforce the tremendous growth potential of the company and the wider global gaming and esports industry. With a strong focus on global expansion, Qlan aims to enhance gamer networking, content creation, and user experience. The recent positive developments in India’s gaming landscape further underscore the country’s rising prominence in the industry. As Qlan continues to make strides in its growth journey, it is poised to play a pivotal role in shaping the future of esports and gaming worldwide.