Spacenet Board authorises the purchase of 12% to 15% stake in GameFi Startup String Metaverse Ltd
Spacenet Enterprises India Ltd, a global fintech enterprise 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 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 36 Crore .revenue and a profit of 2.4 Crore. The Company is going to post 100Cr. revenue this year and targeting to achieve 100 Crore. PAT in next 1000 days.
