Atirath, a game development company, recently raised a huge amount of seed funding from Kalaari Capital for strengthening products, expanding its team and preparing for the metaverse, a virtual-reality space where users can interact with a computer-generated environment and other users.
“While RMG and Casual Games have continued to do well, we are excited by the immense potential of the upcoming models in Gaming (sic). 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 (sic) 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 to business standard.com
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Atirath creates games in casual and strategy genres. It was set up in mid last year by Shiva Bayyapunedi & Ramachandra Raju who worked together at Apalya Technologies. Their vision entails creating a game metaverse with geographic, economic, and social experience in the strategy genre connecting 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 game metaverse in strategy genre with Indian mythology theme with unique gameplay features,” said Shiva Bayyapunedi, co-founder at Atirath to businessstandard.com
Atirath Gaming Technologies boasts of a team size of 15 members based out of Hyderabad developing casual/strategy genre based gaming metaverse platform.