Team Startupcity

• Rs 2  Rs crore funding from KITVEN Fund: Karnataka's AVGC venture fund supports MetaShot with convertible debt.
• Homegrown Gaming Technology: MetaShot Smart Bat connects real cricket and virtual play with patent-pending technology.
• Solid Funding Record: Raised  Rs 11  Rs crore in Jan 2025 from Sauce.VC and others, $400K pre-seed in 2023.

Bengaluru-based gaming startup MetaShot, owned and operated by Gillidanda Tech Pvt. Ltd., has raised  Rs 2 crore in equity funding through convertible debt from the Karnataka Government's Alternative Investment Fund (AIF)  KITVEN Fund. The funding will be used to drive the company's market growth and expansion plans.

Established in 2021 by Prince Thomas, Ranjit Kumar Behera, and Ajith Sunny, MetaShot created a distinctive gaming experience that combines physical sporting with virtual gaming. Its product, the MetaShot Smart Bat, enables users to experience real-world cricket shots that are directly translated in the MetaShot app, providing console-like gaming through patented, Indian technology.

This newest round comes after MetaShot's  Rs 11 crore funding in January 2025 from investors like Sauce.VC, Sharrp Ventures, and Panthera Peak Capital, and an earlier pre-seed round of $400,000 by Inflection Point Ventures in 2023.

The  Rs 20 crore corpus-based KITVEN 4 AVGC Fund was inaugurated by the Karnataka Department of IT, BT & ST to support high-growth AVGC startups in the animation, visual effects, gaming, and comics sectors. "MetaShot is a shining example of Karnataka's innovation ecosystem, which is taking off with each passing day," said P. V. Harikrishnan, CEO of KITVEN. "With a localized manufacturing footprint and an all-India-made product, they are poised to take the gaming tech space by storm."

Co-founder Prince Thomas thanked Karnataka's startup programs for the steady support from the Elevate grant at initial stages to strategic investment at the growth stage.