Mumbai Angels Network, a platform for early-stage investments, has participated in a $1.1 million seed round for EsportsXO, a SaaS-based tournament platform designed for gaming enthusiasts. This round also saw We Founder Circle, SucSEED Indovation Fund, FAAD Network, SOSV, and other investors.

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“EsportsXO’s USP lies in the SaaS tool, built to focus on their product strategy, with other aspects creating a flywheel effect for the platform. This funding is a testament to their growth and progress, and we believe that it will help the platform reach greater heights,” added Nandini Mansinghka, co-founder & CEO, Mumbai Angels Network.