Gaming startup MetaShot raises Rs 2 crore from Karnataka Govt’s Venture Fund

Bengaluru-based console gaming startup Gillidanda Tech Pvt. Ltd., known for its flagship brand MetaShot, has raised Rs 2 crore via convertible debt from KITVEN Fund (Karnataka Information Technology Venture Capital Fund), the Karnataka Government's Alternative Investment Fund (AIF). The capital will be used to drive growth and support market expansion.

Earlier in January 2025, the startup raised Rs 11 crore in a combination of equity and debt funding led by Sauce.VC, along with Sharrp Ventures and Panthera Peak Capital. Before that round, it raised $400,000 in a pre-Seed funding round in 2023 led by Inflection Point Ventures, with participation from an early-stage gaming focussed fund and prominent angel investors

Founded in 2021 by Prince Thomas, Ranjit Kumar Behera, and Ajith Sunny, MetaShot delivers a console-like experience to a broader audience through its homegrown technology, which is currently under a pending patent.

Its flagship product, the MetaShot Smart Bat, tracks real-world cricket shots in real-time and seamlessly integrates them into gameplay within the MetaShot app. The startup's long-term vision is to build a platform that merges physical and virtual play across a variety of sports-based games.

Shri P. V. Harikrishnan, CEO of KITVEN, said, “MetaShot exemplifies the innovation and quality emerging from Karnataka’s thriving startup ecosystem. With an entirely India-made product and localized manufacturing and assembly in Bangalore, MetaShot stands out for its quality. At KITVEN, we’re excited to partner with them and help take this innovation to the global stage.”

KITVEN 4 AVGC, an AIF with a corpus of Rs 20 crore, focuses on investments in rapid growth companies catering to animation, visuals effects, gaming, comics (AVGC) sector within the State of Karnataka. The fund has been initiated by the Department of IT, BT & ST, Government of Karnataka and participation from other State Government firms/ institutions.

Prince Thomas, Co-founder of MetaShot, said, “I’m deeply grateful to the Government of Karnataka and the startup ecosystem that empowers companies like ours. From the early days with the Elevate grant to now partnering with KITVEN at our growth stage, the journey has been truly encouraging.”