Bengaluru Based The Esports Membership (TEC) Secures $3M Financing to Expand its Functions Globally!

Home » Bengaluru Based The Esports Membership (TEC) Secures $3M Financing to Expand its Functions Globally!

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The Esports Club has received funding from KOMLAY Group and SAMBAVANATH Group to expand its operations in The Middle East & Southeast Asia and create a state of the art esports platform.

The Esports Club(r), founded in 2019 by Ishaan Arya, Mansoor Ahmed Noor and Vamsi Krishna (esports industry veterans), provides specialized gaming marketing services. The Esports Club was founded in 2019 by Ishaan Arya, Mansoor Ahmed Noor, and Vamsi Krishna, three of South Asia’s most successful gaming and esports IPs. This includes The Arena, which is presented in partnership with Comic Con India, and TEC Challenger Series & TEC Gauntlet, one of South Asian’s longest-running esports tournament series.

QuantAscend Consulting Global and Investment Bankers & CFO Advisors as well as Beeline Capital Advisors Private Limited (CAT-I) Merchant Banker & Boutique Investment Banker registered with SEBI secured the investment.

Vamsi Krishna (Founder of The Esports Club) stated, “We are delighted to have secured funding and to expand our operations to new areas.” Esports is an industry that is rapidly expanding, and we are thrilled to be a part of it. This funding will enable us to build a sustainable Esports community. He said that he was excited to share our content, tournaments, and events with new audiences and help to cultivate the next generation Esports talent.”

The Esports Club will use this investment to help the organization grow in Esports and gaming events. It also plans to expand its operations, host events, and create content. TEC will also launch new initiatives in the region, such as the hiring of local broadcast talent and hosting events. It will also develop a strong online presence. TEC will work closely with local communities in order to encourage the growth of esports within these regions and provide opportunities for gamers to show their skills and pursue their gaming careers.

To support tournaments catering to new markets, the organization will invest in state-ofthe-art broadcast equipment and technology.

“Globally, Esports is one the fastest growing entertainment businesses and we are excited about being part of this growth with the The Esports Club as well as the entire industry,” said CA Nikhil Shah (Managing Director, Beeline Capital Advisors Private Limited Ahmedabad Gujarat).

“At QuantAscend, we have been working with the company since its infancy years, and we are thrilled to find the right set of investors who believe the business model, and subscribe to The Esports Club vision,” Ramesh Babu (Co-Founder), QuantAscend consulting Global.

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