The first of its kind mobile metaverse creation app, Doss Games has raised Rs 2.5 crore in a pre-seed round of funding which is led by, Titan Capital, Maninder Gulati – Global Chief Strategy Officer, OYO, Varun Alagh – CEO, Mamaearth, Abhinav Sinha – Global COO, OYO, and others.
The start-up in a statement informed that it will be using this fund to strengthen product, design, and blockchain capabilities. While they will focus on AI-powered creation technology for users to create amazingly cool metaverses on their smartphones. The start-up will also use the funding to invest in the community of developers and 3D voxel artists from design hubs around the world.
Speaking on the occasion, Mukul Sharma, CEO, Doss games, said: ”We believe that web 3.0 metaverse is a powerhouse of opportunity for creator economy. We would like to thank Titan capital and other angel investors inc Maninder Gulati who have invested in our vision at such an early stage. The initial money is helping us to achieve the Product market fit fast.”
Adding to it, Bipin Shah, Partner at Titan Capital, said: “Gaming industry is attaining a lot of traction in the Indian market and it is here to stay for long. If the right kind of support and investment is provided this sector has a huge potential to thrive to be a major revenue generator for the Indian economy. We are glad to have collaborated with Doss games and to be a part of their journey going forward. The young and talented team here have a bright future ahead and surely will take this platform to the next level.”
Lastly, Maninder Gulati, Global chief strategy officer, OYO, said: “Excited to be a part of a company that is imagining a new world where gaming, creativity, interactions become surreal. Doss is building for the next generation and its super cool and fun to be around this team of dreamers.”
Doss Games was founded earlier this year in August, initially by Mukul Sharma and Tanmay Joshi. Later on, the two were joined by Vishal Sharma and Aniket Mathur, with all being from IIT Roorkee.
Doss is a novel metaverse creation app built on the Solana blockchain, which will be helping the creators mint their social token, build metaverse, they can also conduct real-time virtual events, build & play personalized games, and much more with the power of AI-assisted creation.