Spacenet Enterprises India Ltd., listed on the NSE, quickly after making a strategic funding in BillMart.com, a Mumbai-based invoice discounting fintech platform, has introduced securing a big stake in String Metaverse Ltd., which is into Web3.0, Esports and others for an unspecified quantity.
String Metaverse, with its presence in India, Hong Kong, and Gift City in Gujarat, is increasing its Esports platform throughout India, the Middle East, South East Asia, and Europe, Spacenet mentioned in a press release.
Prakash Dasigi, Executive Director, Spacenet Enterprises India in a press release mentioned, “After a successful stake acquisition in BillMart, our second investment into String Metaverse reaffirms our confidence that both investments will yield exceptional returns, potentially ranging from 50-100 times for our shareholders over the next 3-5 years.”
Ganesh Meenavalli, Director and Head of Global Esports Operations, String Metaverse mentioned, “More than 20 million Gen Z, India Esports community will lead the global Esports scenario.”
