About AltWorld
AltWorld is a Media & Entertainment company based in Bengaluru (India) founded in 2021 by Subham Kumar Boundia and Saurabh Maheshwari. Social metaverse gaming platform is provided for multiple games. It operates in the Media & Entertainment, Financial Services, and Technology sectors. AltWorld has raised $3.37 million across 3 funding rounds from investors including Gruhas, Surge and Sequoia Capital. The company has 30 employees. AltWorld was last valued at $11.91 million in April 2022. Its Indian entity Mintiq Technologies Private Limited reported revenue of ₹72 Lakh. Its focus areas include Mobile, Mobile Gaming, Gaming Platforms and Social Playing.
Company details
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.
- Headquarters Bengaluru, India
- Employees 30
- Founders Subham Kumar Boundia, Saurabh Maheshwari
- Stage Minicorn
- SectorsMedia & EntertainmentFinancial Services Technology
- Email••••••••
- Phone•••• ••••
- Website altworld.in
- Social LinkedIn X Facebook
- Legal Name Mintiq Technologies Private Limited
- Date of Incorporation 22 Dec, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹72 Lakh
FY 2025 · +13% YoY
- Net Loss-₹3.89 Cr
FY 2025 · -540% margin
- EBITDA-₹3.81 Cr
FY 2025 · -529% margin
- Total Equity Funding$3.37M (USD)
in 3 rounds
- Latest Funding Round$356.83K (USD), Angel Round
Oct 2024
- InvestorsGruhas
& 41 more
- Employee Count30
Associated legal entities of AltWorld
AltWorld operates through Mintiq Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mintiq Technologies Private Limited CIN U72900KA2021PTC155859 | Active | 22 Dec 2021 | Bangalore, Karnataka | ₹0.7 Cr | 30 | 3 | View details |
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.
- Total Funding $3.37M
- Total Rounds 3
- Last Round Angel Round — $356,834
- First Round $3.02M
(Apr 2022)
- Investors Count 42
All 3 funding rounds of AltWorld with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $356,834 | Angel Round | – | – | – |
| Mar 2023 | Seed | – | Surge | – | |
| Apr 2022 | $3.02M | Seed | $11.91M | Sequoia Capital |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $11.91M | •••••••• |
Last known valuation $11.91M (Apr 2022). 42 investors in total: 10 institutional and 32 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital firm investing in technology-driven innovations and partnerships in India. | 2021 | gruhas.com | Bengaluru, India | |
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Venture capital firm focused on tech companies and real estate firm | tsmventures.net | Austin, United States | ||
Investments are directed toward early-stage startups by Zaan Webveda. | Faridabad, India | |||
Seed-stage investments are targeted by Redbrook venture capital firm. | Singapore, Singapore | |||
Limited information available | Delhi, India | |||
Sports entertainment services are provided in Mumbai, India. | Mumbai, India |
Investor details for AltWorld
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mintiq Technologies Private Limited (AltWorld)
Mintiq Technologies Private Limited is the primary company behind AltWorld. The board of Mintiq Technologies Private Limited currently have 3 directors; the longest-serving is Alok Maurya, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Alok Maurya DIN 09444798 | Director | 22 Dec 2021 | 4 yrs 10 mo | Mintiq Technologies Private Limited |
| Subham Kumar Boundia DIN 09444799 | Director | 22 Dec 2021 | 4 yrs 10 mo | Mintiq Technologies Private Limited |
| Saurabh Maheshwari DIN 09444800 | Director | 22 Dec 2021 | 4 yrs 10 mo | Mintiq Technologies Private Limited |
People of AltWorld
2 people are tracked at AltWorld (2 in leadership); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for AltWorld
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of AltWorld
Figures of Mintiq Technologies Private Limited, the primary company behind AltWorld, for FY 2025. Revenue was ₹72 Lakh (+13% year on year). Net loss was -₹3.89 Cr (-540% margin). EBITDA was -₹3.81 Cr (-529% margin).
- ₹72 LakhRevenue · FY 2025 · +13% YoY
- -₹3.89 CrNet loss · -540% margin
- -₹3.81 CrEBITDA · -529% margin
- ₹5.8 LakhPaid-up capital
- 30Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Mintiq Technologies Private Limited are on its company page.
Detailed financial statements for AltWorld
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of AltWorld
4 dated milestones of AltWorld across 3 years, from founding to its latest funding, stage changes and deals.
- Founded AltWorld is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $357K.
Top companies in MMORPG & Online Gaming
3 companies that operate in the same segment as AltWorld (MMORPG & Online Gaming) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 942.17 M | USD 509.95 K | 1,310 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 98.07 M | USD 264.51 M | 777 |
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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. The company's 1st funding round was a Seed of $3.02M, raised on Apr 2022.
AltWorld has 30 employees.
The primary company behind AltWorld, Mintiq Technologies Private Limited, reported revenue of ₹72 Lakh for FY 2025, up 13% year on year.
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 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.
AltWorld operates through Mintiq Technologies Private Limited.
The legal entities of AltWorld currently have 3 directors, including Alok Maurya, Subham Kumar Boundia, Saurabh Maheshwari.