Straight out of Shark Tank: Vibe Gaming secures investment from Adcomm
Vibe Gaming, a Bangladesh-based video gaming and electronics retailer, has secured strategic investment from Adcomm Holdings on November 28 following their pitch on Shark Tank Bangladesh.
With Adcomm's support, Vibe Gaming plans to organise large-scale esports tournaments, launch grassroots initiatives, and establish training programmes to nurture the next generation of professional gamers in Bangladesh.
Shehran Shayor, Managing Director, Vibe Gaming Limited, said, "After Shark Tank, we had meetings with our investors and went in a deal with Adcomm Holdings which includes an investment of BDT 25 lakh in exchange for a 25% equity stake. We are holding meetings to create a road map for our journey together in the upcoming years."
The 27-year-old entrepreneur described Shark Tank as "once in a lifetime experience". Shehran said, "We, the participants, had multiple grooming sessions before our actual pitch to the sharks. The journey was very time consuming and worthwhile."
Regarding his plan with the investment, Shehran said, "We do not want to be just another electronics store. Along with organising tournaments on a regular basis, we want to help in developing the esports market in Bangladesh and actively support the esports community," said the 27-year-old entrepreneur.
With nine Shark Tank deals under its belt, Adcomm Holdings, led by Managing Director Nazim Farhan Choudhury, has been actively supporting innovative startups.
Nazim outlined plans to launch an in-house hardware brand in Bangladesh while supporting the growth of the esports community. "We see great potential in the gaming and esports industry here, and this partnership aligns with our vision," he said.
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