Spacenet to acquire 12%-15% stake in String Metaverse Limited
A Startup India initiative String Metaverse Limited, a global Startup India company with a focus on creating gaming communities. String Metaverse Limited has offices in Hyderabad, Dubai, Gift city and Hong Kong currently String Metaverse Limited is a Web 3.0 GameFi startup and fintech platform that enables business partners to offer online gaming services, Play2Earn, Free2play that include rewarding games (Real Money Games) for every transaction covering Retail, E-commerce, Food and Beverages industries.
Spacenet’s Executive Director Prakash Dasigi said, “We are pleased to announce our investments in String Metaverse Limited a Gamefi startup which has a potential to create huge value for Spacenet shareholders.We are impressed with the fast growth and global footprint achieved by String Metaverse in a short span." String Metaverse Limited Mr. Krishna Mohan founder said, “We are delighted to work with Spacenet in creating a long-term value to all our investors.
As a startup gaming initiative last year we achieved a performance of 36Cr.revenue and a profit of 2.4Cr.The Company is going to post 100Cr. revenue this year and targeting to achieve 100Cr.PAT in next 1000 days." Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times.
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