About AltWorld
AltWorld is a company based in Bengaluru (India) founded in 2021 by Subham Kumar Boundia and Saurabh Maheshwari. AltWorld has raised $3.37 million across 3 funding rounds from investors including Gruhas, Surge and Sequoia Capital. The company has 30 employees as of March 29, 2024. AltWorld operates in a competitive market with competitors including Roblox, The Sandbox, Yield Guild, EloElo and Rec Room, among others.
- Headquarter Bengaluru, India
- Employees 30 as on 29 Mar, 2024
- Founders Subham Kumar Boundia, Saurabh Maheshwari
- Stage Minicorn
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Sectors
Media & EntertainmentFinancial Services Technology
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Email
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Phone
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Website
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Social
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- Legal Name Mintiq Technologies Private Limited
- Date of Incorporation 22 Dec, 2021
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$88.47 K (USD)0as on Mar 31, 2023
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Net Profit
-$291.2 K (USD)-805.84as on Mar 31, 2023
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EBITDA
-$359.45 K (USD)-1052.67as on Mar 31, 2023
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Total Equity Funding
$3.37 M (USD)
in 3 rounds
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Latest Funding Round
$356.83 K (USD), Angel Round
Oct 30, 2024
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Investors
Gruhas
& 41 more
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Employee Count
30
as on Mar 29, 2024
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Funding Insights of AltWorld
AltWorld has successfully raised a total of $3.37M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $356.83 thousand completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AltWorld
AltWorld has secured backing from 42 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Gruhas, Surge and Sequoia Capital.
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Acceleration is provided to startups across multiple sectors by Surge.
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Sequoia Capital is engaged in venture capital investments.
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Venture capital firm investing in technology-driven innovations and partnerships in India.
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Investor details for AltWorld
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Investments & Acquisitions by AltWorld
Investment portfolio details for AltWorld
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Financial Statements - AltWorld
Detailed financials for AltWorld
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Altworld Comparisons
Peer comparison for AltWorld
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Competitors of AltWorld
AltWorld operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Roblox, The Sandbox, Yield Guild, EloElo and Rec Room, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A gaming platform for user-generated content is operated.
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NFT-based virtual metaverse is developed for user-owned experiences.
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Play-to-earn gaming guilds are facilitated for blockchain-based NFT games.
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Live social entertainment is facilitated via an app-based platform.
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Tools for creating and playing games are provided without coding.
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Web3 mobile infrastructure solutions are developed for a super app.
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Detailed competitors of AltWorld
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Latest news on Altworld
Complete news archive for AltWorld
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Frequently Asked Questions about AltWorld
AltWorld was founded in 2021 and raised its 1st funding round 1 year after it was founded.
AltWorld is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
AltWorld is a funded company, having raised a total of $3.37M across 3 funding rounds to date.
As of Mar 29, 2024, the latest employee count at AltWorld is 30.
Annual revenue of AltWorld is $88.47K as on Mar 31, 2023.
AltWorld was founded in 2021 by co-founders Subham Kumar Boundia and Saurabh Maheshwari in Bengaluru, India. A social metaverse gaming platform is operated, where creation, gameplay, and interactions among users are enabled in a virtual 3D environment. Multiple multiplayer games are supported across this sector. The platform is accessible via the domain altworld.in, with operations centered in India.
AltWorld's top competitors include Roblox, EloElo and The Sandbox.
AltWorld has 42 investors. Key investors include Gruhas, Surge, Sequoia Capital, QED Innovation Labs, and TSM Ventures.
The valuation of AltWorld is $11.91M as of Apr 2022.