Qlan Secures $200,000 in Funding From Marwah Sports, CIIE.CO and Faad Network

Esports social networking app Qlan has secured pre-seed funding to fuel its expansion expans. Previously operating as a bootstrapped startup, Qlan which now has over 100,000 combined downloads, underwent an extensive six-month beta testing period, culminating in the platform's full-version launch in January 2023. Bolstered by a committed team of over 20 professionals, the early-stage start-up achieved healthy organic growth, attracting a user base of over 50,000 gamers.

The startup will utilise the capital to expand its gamer community

According to the latest research by SkyQuest Technology, the Global Esports Market was valued at USD 1.08 Billion in 2021, and it is expected to reach a value of USD 2.8 Billion by 2028, at a CAGR of 14.50% over the forecast period (2022-2028). Esports is becoming increasingly popular as a result of global digitization and the low cost of advanced gaming technologies.

Expressing his thoughts on the funding round, Sagar Nair, Co-founder, and CEO of Qlan commented, "The pre-seed funding round signifies an exciting new phase for Qlan, and we are delighted to have Marwah Sports, CIIE.CO, and Faad Network as backers. This demonstrates the remarkable potential of Qlan and the burgeoning global gaming and esports industry.” 

Qlan’s objective now is to scale its platform, optimize user experience, and gain deeper insights into its community's needs. The support from Qlan’s investors will allow Qlan to reach a wider audience.

Emphasizing the importance of establishing strong fundamentals, driving growth, and attaining product-market fit, Qlan plans to utilize the funds raised in the Pre-Seed round to not only expand its platform to a wider community but also to bolster its team and leverage its technologically advanced product, which is meticulously crafted with a focus on user-centric principles.

Qlan has secured over 100.000 downloads on Play Store and App Store combined. The app seeks to be the go-to social network for the esports community.