EsportsXO, a leading force in India's esports and gaming startup landscape, has announced an undisclosed funding amount acquired during its ongoing funding cycle. The investment, spearheaded by prominent investors such as SOSV's Orbit Startups, SucSEED Indovation Fund, Mumbai Angels, alongside contributors like WeFounderCircle and Imperial Holdings, represents a significant milestone in the company's plans for expansion and innovation. Established in 2020 by Vikas Goel, Utsav Umang, and Rohit Raj, EsportsXO has stood out as an innovator in the constantly evolving esports sector. Their focus on cutting-edge online esports tournament management systems has attracted attention and support from both investors and industry experts.

CEO and Co-Founder Vikas Goel articulated the company's vision, expressing, "XO's goal is to emerge as the leading platform for game and player discovery among gamers. The gaming advertising industry amounts to $130 billion. Through BattleXO, our aim extends beyond targeting gamers; we're also catering to the requirements of game developers and tournament organizers. This allows them to harness technology for extensive outreach via data-driven campaigns. The influx of capital will further enable us to address the next major challenge scaling up our company and expanding our user base".

EsportsXO's growth strategy has demonstrated strength through dedicated efforts in platform development, cost efficiency, and refining key performance metrics over the last 18 months. This strategy has resulted in a positive EBITDA in the previous quarter and sustained growth in the ongoing quarter, confirming the startup's financial stability. The newly acquired funding is poised to significantly bolster EsportsXO's business development endeavors and accelerate its overall expansion.