The Indian game development company, Atirat, has raised an undisclosed amount of seed funding from Kalaari Capital to upscale its virtual reality offerings for the metaverse.
“While RMG and Casual Games have continued to do well, we are excited by the immense potential of the upcoming models in Gaming. Mythological games like God Of War and Assassin’s Creed have worked out very well across the world, selling over 200 million copies, and we think the Indian Mythology is still an untapped opportunity since the rich history of India offers a high possibility of a hit global IP being built out of here,” said Vamshi Reddy, Partner at Kalaari Capital.
Atirath creates games in the casual and strategy categories. Last year, the company was founded by Shiva Bayyapunedi & Ramachandra Raju, colleagues at Apalya Technologies. The duo’s vision is to develop a strategy game with geographic, economic, and social experiences that connect players, content creators, and game publishers.
“We are at an exciting stage in the gaming world where new business models are evolving from the game as a service to the game as a platform model. As the model evolves, we see a lot of innovation happening in a centralized and decentralized metaverse world. We are building a game metaverse in the strategy genre with an Indian mythology theme with unique gameplay features,” said Shiva Bayyapunedi, Co-founder at Atirath.
The company currently has a strength of 15 members based in Hyderabad, India.
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