GameXS.in, pronounced as ‘Game Excess’, a pre-owned game store has raised an undisclosed amount of angel investment from Lead Angels.
Raised funds will be used to scale up operations, broaden product portfolio and build a larger team to make gaming more accessible & affordable to the Indian gamer, as mentioned by company’s Founder & CEO, Kabeer Jain. It works on the re-commerce and crowdsourcing model. The company helps gamers reduce their gaming costs by over 70%.
The company was founded in 2012 by Kabeer Jain. He was joined by Abhishek Jain in 2014 as the company’s COO. GameXS enables gamers to get to gaming quickly. It offers fair prices, convenient checkout to buyers & sellers, and fast pickups & deliveries. “We offer free doorstep pickup within 1 day in over 5000 pincodes.This time is down to 3 hours in Gurgaon,” said Abhishek Jain.
“GameXS’ USP is their extensive collection of pre-owned games and consoles as well as their quality assurance that makes buying used games fast and hassle free as opposed to classifieds. In addition, with their proprietary trade-in algorithm, GameXS allows gamers to sell any game at any time at a fair price in just a few clicks,” said Sushanto Mitra Founder & CEO Lead Angels.
As the company claims, it has processed more that 10000 sale transactions and close to 6000 trade-in transactions with a repeat customer rate of approx. 50%. The company has plans s to grow the pre-owned games market making gaming more accessible in India. Also game rentals, e-sports, merchandising, and gaming content development are some of the focus areas for the company.