About Xsquads
Xsquads is a company based in Surat (India) founded in 2016 by Jemish Lakhani and Pratik Gadhiya. It operates as a B2C and D2C. Xsquads has raised $1.77 million across 4 funding rounds from investors including Mleague, Dhameliya Ashishkumar and Manishaben Lakhni. The company has 1 employees as of March 31, 2023. Xsquads offers products and services including ScarFall 2.0. Xsquads operates in a competitive market with competitors including Zynga, Scopely, Tripledot, Jam City and Rovio, among others.
- Headquarter Surat, India
- Employees 1 as on 31 Mar, 2023
- Founders Jemish Lakhani, Pratik Gadhiya
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Sectors
Media & Entertainment
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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 Xsquads Tech Private Limited
- Date of Incorporation 09 Jun, 2021
- Jurisdiction Surat, Gujarat, India
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Annual Revenue
$86.36 K (USD)2125.57as on Mar 31, 2023
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Net Profit
$13.22 K (USD)195.84as on Mar 31, 2023
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EBITDA
$14.24 K (USD)207.1as on Mar 31, 2023
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Total Equity Funding
$1.77 M (USD)
in 4 rounds
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Latest Funding Round
$956.43 K (USD), Seed
Aug 06, 2025
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Investors
Mleague
& 6 more
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Employee Count
1
as on Mar 31, 2023
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Products & Services of Xsquads
Xsquads offers a comprehensive portfolio of products and services, including ScarFall 2.0.
Battle royale game with Indian-inspired maps and survival modes for players.
Funding Insights of Xsquads
Xsquads has successfully raised a total of $1.77M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $956.43 thousand completed in August 2025. 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 Xsquads
Xsquads has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Mleague, Dhameliya Ashishkumar and Manishaben Lakhni.
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Dhameliya Ashishkumar |
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Manishaben Lakhni |
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Investor details for Xsquads
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Investments & Acquisitions by Xsquads
Investment portfolio details for Xsquads
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Financial Statements - Xsquads
Detailed financials for Xsquads
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Xsquads Comparisons
Peer comparison for Xsquads
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Competitors of Xsquads
Xsquads 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 Zynga, Scopely, Tripledot, Jam City and Rovio, among others.
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Casual games developer and publisher for mobile and web platforms
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Casual mobile games are developed, published, and operated across platforms.
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Developer of mobile-based casual video games
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Mobile games are developed and published by Jam City.
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Mobile game developer specializing in casual games
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King is recognized as a leading interactive entertainment company focused on mobile gaming.
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Detailed competitors of Xsquads
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Latest news on Xsquads
Complete news archive for Xsquads
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Frequently Asked Questions about Xsquads
Xsquads was founded in 2016 and raised its 1st funding round 7 years after it was founded.
Xsquads is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Jemish Lakhani is the current CEO of Xsquads. They have also founded this company.
Xsquads is a funded company, having raised a total of $1.77M across 4 funding rounds to date.
As of Mar 31, 2023, the latest employee count at Xsquads is 1.
Annual revenue of Xsquads is $86.36K as on Mar 31, 2023.
XSQUADS Tech Private Limited is a game development studio that creates immersive mobile games, including ScarFall 2.0, a battle royale title with maps inspired by Indian locations like Mumbai and Andaman. They focus on delivering polished experiences with modes such as Survival and TDM, regularly updating content to engage a global audience. The company builds a strong community and has won awards for their innovative work in gaming.
Xsquads offers ScarFall 2.0.
Xsquads has 7 investors. Key investors include Mleague, Dhameliya Ashishkumar, Manishaben Lakhni, Swati Vithani, and Grishma Bhumin Vithani.