Buoyed by the acceleration towards the future of the 3D internet, metaverse company GMetriXR has raised $600k funding in its seed round led by IvyCap Ventures with global participation from the D.E.Holding and HNIs. Founded by Utsav Mathur and Sahil Ahuja, the Bengaluru born company with headquarters in the US, offers a no-code platform that allows content creators and enterprises to build, host and deploy metaverse apps without writing a single line of code. Apps already built on the platform include virtual stores for the likes of Bigbasket, Manish Malhotra and enterprise metaverses for PayPal, Reliance, and several pharmaceutical companies - including COVID vaccine manufacturing.
GMetriXR is also looking forward to its subsequent round of funding owing to large interest by US VCs in this space, accelerated by Facebook’s rebranding to Meta. The company believes that this interest will help it to execute and scale up its plans to own all the virtual space it deserves to occupy.
"With a positive shift in the way the world is looking at the future of the internet - the metaverse - our platform becomes all the more relevant. GMetri is unique - there is no other toolkit as complete yet so ridiculously simple that you can have fully functional, monetizable metaverse apps in minutes, not months. This puts us in a very good place to surge forward and see through our vision to truly democratize building the metaverse. We are targeting nothing short of an explosion in adoption over the next few quarters," said Utsav Mathur, Founder & CEO, GMetriXR.
Commenting on the funding, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures Advisors Pvt Ltd, said, “The pandemic has played an important role in accelerating the adoption of this, opening out endless possibilities. As an early mover with a stellar platform that global large enterprises are paying for, GMetri is in a leading position in a rapidly expanding space at just the right time. Very excited to partner with them.”
GMetri is no new entrant to the metaverse - an embodied, multi-dimensional internet is a future that was well anticipated by the company as the next leap in mass consumer content.