The Bengaluru-based startup Glip has raised $2.5 million in a Pre-Series A funding round led by Hashed Emergent, with participation from Beenext and existing investor Prime Venture Partners. Glip offers a global Web3 gaming discovery and wallet app.
To increase user acquisition and engagement, Glip continues to onboard Web3 games like Axie Infinity, League of Kingdoms, and KOF Arena by Netmarble to attract millions of gamers to the platform.
The startup will use the funds to develop its 10-member team, introduce new product features, and build a larger global community. To remain lean, it also adheres to a zero-marketing-burn strategy.
Tak Lee, the Managing Partner of Hashed Emergent, said, “Currently, there are two major challenges in Web3 gaming—lack of distribution channels and complex user onboarding. The team at Glip has built a seamless platform to solve for both. We are impressed by the team’s agility, foresight and speed of execution, and are excited to partner with them on their journey to build the ‘Steam’ equivalent for Web3 games.”
CEO and Co-founder Parth Choudhary said, “With $10 billion already deployed, Web3 games are increasing rapidly and getting better by the day, but they are all struggling with user acquisition on Web2 platforms. Our mission is to build the world’s largest Web3 gamer platform.”
According to the startup, Glip offers a live platform with over two million active users. Although the team is situated in India, it serves a global audience. The Web3 startup has raised $6 million through several rounds of funding. Prime Venture Partners, Better Capital, iSeed, and other angel investors were listed as participants in the seed round.
Over seven million people have downloaded the startup’s Android app in Brazil, Southeast Asia, and India. It provides players with brand-new Web3 games, tutorials, and quests in addition to tournaments. Users who log in to the app receive a social login, non-custodial, multi-chain, and gasless wallet.
Ishan Shrivastava, COO and Co-founder of Glip, added, “We have a pipeline of 100+ games across the world, including top publishers. They are all excited by Web3 adoption in emerging markets and will soon get a self-serve dashboard to run campaigns, user feedback, and analytics. Glip will soon cross 100,000 monthly active Web3 gamers.”