AvatarLife, a metaverse gaming platform, has successfully raised $1.5 million in seed funding, led by Info Edge Ventures, the investment arm of Info Edge India Ltd, the parent company of Naukri.com. This marks Info Edge Ventures' third investment in the gaming sector, following its support for Fanclash, a fantasy e-sports platform, and Mirana, an augmented reality-based toymaker.

Founded last year by Sushant Chandrasekar and Gaurav Gupta, AvatarLife offers a virtual world with a wide range of games, including single-player, multi-player, and play-to-earn skill-based games. Additionally, the platform enables other developers to create and operate games within its ecosystem.

AvatarLife focuses on developing mobile-based 3D products tailored specifically for the Indian market. Their flagship product, the AvatarLife virtual world, currently hosts over 25 games provided by three different operators. This funding round highlights the increasing interest and investment in the Indian gaming sector, which has witnessed a substantial influx of $2.8 billion from domestic and global investors over the past five years, as reported by Invest India, the national investment promotion agency. Funding in this sector has experienced nearly a five-fold increase since 2019, indicating its growing significance.

Over the years, the gaming landscape in India has witnessed the emergence of numerous Web3 and metaverse gaming platforms, reflecting the industry's evolving trends. Such news confirms the chance to witness the arrival many immersive metaverse games.

source: economictimes