Get All Access for $5/mo

Interality Raises Undisclosed Amount In Seed Funding The fund raised will be used to strengthen the startup's product, design and hire global talent

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Interality, a virtual world building engine startup, has raised an undisclosed amount in Seed funding round led by leading angel investors and venture capitalists, including Maninder Gulati (global chief strategy officer, OYO), Jayant Kanani (co-founder and CEO, Polygon), Alvin Tse (CEO, Xiaomi India), Sam Shergill (ex-CEO and founder, Sony India), Adept Ventures among others. The fund raised will be used to strengthen the startup's product, design and hire global talent. It will also invest in hiring across engineering, product, technical design and BD.

"AR/VR is foundational and transformative for building the next generation of content, commerce and culture in the metaverse and we are building the go-to platform where these would reside at. The funds will help us to develop cutting edge products to power the next phase of our growth and achieve the product-market fit," said Farheen Ahmad, founder and CEO, Interality.

The startup offers a host of tools and technologies that facilitates the in-world economy through the monetization of experiences, AR/VR content, and digital assets among others. The platform also comes equipped with many first-in-segment features such as interoperability, a multichain support system and XR capabilities. For the next few months, the startup will open its beta access to creators, communities and brands to build and launch their own metaverse ecosystems, claimed by the startup in a statement.

Founded by Farheen Ahmad and Malav Shah, along with a founding team of XR engineers and designers. Interality is a virtual world engine. Creators, communities and brands can launch their own virtual worlds where they can create and monetize in-world content, products and experiences in the metaverse.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Growing a Business

Stop Chasing Subscribers — Start Making Money With These Newsletter Hacks

Here's how operators profit from newsletters by turning acquisition costs into revenue and leveraging one audience to build multiple assets.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.