Doss games raises Rs 2.5 cr in pre seed funding

Metaverse creation app, Doss games has raised Rs 2.5 crores in pre seed round of funding led by Titan capital, Maninder Gulati – Global chief strategy officer, OYO, Varun Alagh – CEO, Mamaearth, Abhinav sinha – Global COO, OYO and others.

In a statement the startup said it will use the funds to strengthen its product, design and blockchain capabilities. For the next few months, it will focus on AI powered creation technology for users to create metaverses on their smartphones. The platform will also invest significantly in the community of developers and 3D voxel artists from design hubs around the world like Japan, Istanbul, Poland, etc. who will build smart assets to integrate in the metaverse ecosystem.

Doss Games was founded in August 2021 by serial entrepreneurs’ Mukul Sharma and Tanmay Joshi, later joined by Vishal Sharma and Aniket Mathur, all four from IIT Roorkee. Doss is a novel mobile metaverse creation app built on the Solana blockchain which helps creators mint their own social tokens, build metaverses, conduct real time virtual events, build & play personalised games and much more with the power of AI assisted creation.

“We believe that web 3.0 metaverse is a powerhouse of opportunity for the creator economy. We would like to thank Titan capital and other angel investors including 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,” said Mukul Sharma, CEO, Doss games in a statement.

Bipin Shah, Partner at Titan Capital says the 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,” said Shah.

Doss gives an immersive no-code platform on mobile to a large number of GenZs creators to build and share metaverses with their communities to come and explore. A key metric validating its mobile first approach is that PC penetration is less than 20% in the GenZ population globally. Doss says it already has over 5000 creators in the waitlist and over 300 metaverses created in private beta.

“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,” said Maninder Gulati, Global chief strategy officer, OYO, in a statement.

(The one-stop destination for MSME, ET RISE provides news, views and analysis around GST, Exports, Funding, Policy and small business management.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.