News Summary
Bengaluru-based startup MetaShot has revolutionized home cricket gaming with its newly launched affordable indoor cricket system. Selling 25,000 units within 10 days, the innovative product features a smart bat and motion-tracking sensors, engaging families and individuals alike. With a fivefold revenue increase year-over-year, MetaShot is on a growth trajectory, partnering with delivery services and planning to expand its offerings to include more sports. This home entertainment solution supports local manufacturing and aims to make cricket accessible for everyone.
MetaShot Scores Big with Affordable Indoor Cricket System
Imagine turning your living room into a cricket pitch without the hefty price tag of traditional gaming consoles. Sounds like a dream, right? Well, that dream just became a reality thanks to the innovative Bengaluru-based startup, MetaShot. Launched in September 2023, this game-changing company has set out to transform home entertainment by cleverly merging the beloved sport of cricket with cutting-edge gaming technology.
Breaking Records Right Out of the Gate
In a stunning feat, MetaShot sold out two months’ worth of inventory in just 10 days after their launch, with an impressive total of approximately 25,000 units sold. That’s right—almost an entire month’s worth of gaming fun vanished before our eyes! This quick sell-out reflects not just popularity but an innovative approach to gaming that resonates with a variety of audiences.
Revenue on the Rise
The buzz surrounding MetaShot hasn’t gone unnoticed. The company’s revenue is reportedly soaring, growing a remarkable fivefold year-over-year. This staggering growth indicates a burgeoning demand for affordable, recreational cricket experiences at home. As a smart alternative to costly gaming platforms, MetaShot combines affordability with fun.
What Makes MetaShot Unique?
At the heart of MetaShot’s appeal is its clever gaming system. Featuring a smart bat and motion-tracking sensors, players can enjoy a realistic cricket experience without needing the expensive, bulky gaming consoles that typically dominate the market. Think of it like a Nintendo Wii, but at a fraction of the cost—about ₹5,000 compared to the usual ₹40,000-₹50,000 for high-end consoles!
How It Works
Using an innovative 9-axis sensor in the smart bat, the system tracks player movements, shot angles, and power. What’s impressive is that it does all this without cameras or infrared tracking, making it user-friendly and accessible. You can process all the necessary data via a smartphone, tablet, or laptop, allowing for maximum convenience and fun!
A Game for Everyone
MetaShot’s user demographic is as varied as it is impressive, with 37% of users being families featuring both adults and children, 33% adults only, and 30% children alone. From family game nights to solo practice sessions, the MetaShot system caters to all age groups, making it a fantastic addition to any home.
Supporting Local Manufacturing
Beyond just creating an exciting product, MetaShot is committed to supporting local industry. The company proudly manufactures its bat molds and components right in Bengaluru, aiming to reduce reliance on imported components, especially those from China. This initiative aligns with India’s growing push for domestic manufacturing, contributing to local economies.
Partnerships and Future Growth
To enhance its retail presence and provide rapid deliveries, MetaShot has partnered with Blinkit. This collaboration ensures that eager cricket enthusiasts can get their hands on the gaming system without delays. The startup has also attracted attention from investors, raising about $2.19 million across multiple funding rounds, including its successful pitch on Shark Tank India, where it secured ₹1.6 crore for a 5% equity stake.
Future Plans on the Horizon
Looking forward, MetaShot has big plans for expansion. The startup aims to broaden its product lineup to include multisport gaming options, developing a universal motion-tracking device that will cater to various sports interests. The anticipated launch of this universal device is set for the next financial year, further solidifying MetaShot’s position in the gaming arena.
With its innovative approach and focus on affordability, MetaShot is positioning itself as a transformative force in the gaming world. As cricket enthusiasts everywhere prepare to embrace this new form of play, it’s safe to say that MetaShot has hit a winning shot right out of the park!
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