About MoveWorld
MoveWorld was a Media & Entertainment company based in Bengaluru (India) founded in 2017. A platform featuring a collection of Web3 move-to-earn games. It operates on a B2C model. MoveWorld has raised $943.44 thousand across 3 funding rounds from investors including 100Unicorns, Sarva and Joyance Partners. MoveWorld was last valued at $3.14 million in September 2020. Its Indian entity Qvady Technologies Private Limited reported revenue of ₹12.5 Lakh. The company is recorded as dissolved. Its focus areas include Gaming, Web3, Play-to-Earn and Move-to-Earn Games.
Company details
MoveWorld, established in 2017, excels in producing gaming content, web3, play-to-earn, and move-to-earn games. A platform featuring a collection of Web3 move-to-earn games. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Stage Minicorn
- SectorsMedia & Entertainment
- Website moveworld.so
- Social X
- Legal Name Qvady Technologies Private Limited
- Date of Incorporation 28 Mar, 2017
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹12.5 Lakh
FY 2022 · +442% YoY
- Net Loss-₹97.7 Lakh
FY 2022 · -781% margin
- EBITDA-₹90.7 Lakh
FY 2022 · -725% margin
- Total Equity Funding$943.44K (USD)
in 3 rounds
- Latest Funding Round$257.93K (USD), Seed
Sep 2020
- Investors100Unicorns
& 64 more
Associated legal entities of MoveWorld
MoveWorld operates through Qvady Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qvady Technologies Private Limited CIN U72900TN2017PTC115771 | Strike Off | 28 Mar 2017 | Chennai, Tamil Nadu | ₹0.1 Cr | 2 | View details |
Funding Insights of MoveWorld
MoveWorld has successfully raised a total of $943.44K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $257.93 thousand completed in September 2020. 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 $943,437
- Total Rounds 3
- Last Round Seed — $257,931
- First Round $321,080
(Nov 2019)
- Investors Count 65
All 3 funding rounds of MoveWorld 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 |
|---|---|---|---|---|---|
| Sep 2020 | $257,931 | Seed | $3.14M | Joyance Partners, 100Unicorns | |
| Jan 2020 | $364,426 | Seed | $2.21M | Inflection Point Ventures, Rmkm Ventures | |
| Nov 2019 | $321,080 | Seed | $••••• | Sarva |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2020 | $3.14M | •••••••• |
| Jan 2020 | $2.21M | •••••••• |
| Nov 2019 | $••••• | •••••••• |
Full valuation and stage history of MoveWorld
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $3.14M (Sep 2020). 65 investors in total: 5 institutional and 60 angel.
Investors in MoveWorld
MoveWorld has secured backing from 65 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include 100Unicorns, Sarva and Joyance Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on tech sectors | joyancepartners.com | San Francisco, United States | ||
A startup accelerator offering funding and support to early-stage companies. | 2020 | 100unicorns.in | Mumbai, India | |
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Limited information available | rmkmventures.tcc.mode | Hyderabad, India | ||
Chain of yoga studios | 2013 | sarva.com | Mumbai, India | |
SK Shashi Kumar | Angel investor and tech leader, ex-Google, focused on Indian startups | unknown_ba358be63c1a40b48 | ||
N Natarajan | Founder of CRED, serial entrepreneur, prominent angel investor in India | unknown_432fb7d994f04978b | ||
AK Anuj Kalra | unknown_7b096443d0ed4ac59 | |||
CS Chirag Shah | Angel investor, ex-Amazon, focused on early-stage Indian startups | unknown_bcd50e6cba34411e8 | ||
MM Mukul Mathur | Angel investor, ex-Amazon and Flipkart leader, focuses on early-stage startups | unknown_91867659e3ea46b59 |
Investor details for MoveWorld
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Qvady Technologies Private Limited (MoveWorld)
Qvady Technologies Private Limited is the primary company behind MoveWorld. The board of Qvady Technologies Private Limited currently have 2 directors; the longest-serving is Ashish Rawath, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Rawath DIN 07503528 | Director | 28 Mar 2017 | 9 yrs 6 mo | Qvady Technologies Private Limited |
| Mohammed Ibrahim DIN 07472866 | Director | 28 Sep 2023 | 3 yrs | Qvady Technologies Private Limited |
Financials of MoveWorld
Figures of Qvady Technologies Private Limited, the primary company behind MoveWorld, for FY 2022. Revenue was ₹12.5 Lakh (+442% year on year). Net loss was -₹97.7 Lakh (-781% margin). EBITDA was -₹90.7 Lakh (-725% margin). Revenue has grown at a compounded annual rate of +16% over three years.
- ₹12.5 LakhRevenue · FY 2022 · +442% YoY
- -₹97.7 LakhNet loss · -781% margin
- -₹90.7 LakhEBITDA · -725% margin
- ₹1.7 LakhPaid-up capital
- +16%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Qvady Technologies Private Limited are on its company page.
Detailed financial statements for MoveWorld
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of MoveWorld
4 dated milestones of MoveWorld across 3 years, from founding to its latest funding, stage changes and deals.
- Founded MoveWorld is founded.
- Funding First funding round of $321K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $258K.
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Related news about Moveworld
Complete news archive for MoveWorld
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Frequently Asked Questions about MoveWorld
MoveWorld was founded in 2017 and raised its 1st funding round 2 years after it was founded.
MoveWorld is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
MoveWorld is a funded company, having raised a total of $943.44K across 3 funding rounds to date. The company's 1st funding round was a Seed of $321.08K, raised on Nov 2019.
The primary company behind MoveWorld, Qvady Technologies Private Limited, reported revenue of ₹12.5 Lakh for FY 2022, up 442% year on year.
MoveWorld, established in 2017, excels in producing gaming content, web3, play-to-earn, and move-to-earn games. A platform featuring a collection of Web3 move-to-earn games. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
MoveWorld has 65 investors. Key investors include 100Unicorns, Sarva, Joyance Partners, Shashi Kumar, and Natarajan.
The valuation of MoveWorld is $3.14M as of Sep 2020.
MoveWorld operates through Qvady Technologies Private Limited.
The legal entities of MoveWorld currently have 2 directors, including Mohammed Ibrahim, Ashish Rawath.