Spacenet Board approves to acquire 12%-15% stake in new age Gaming &Finance (GameFi) company Startup String Metaverse Limited
Aug 16, 2023
India PR Distribution
New Delhi [India], August 16: Spacenet Enterprises India Ltd, a global fintech enterprise (NSE: SPCENET), has announced its intention 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 have 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 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.
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