Chapter 4: The Big Pitch – When the Money Got Serious
By 2017, the system had matured.
Now it needed scale.
And scale needs capital.
From Team to Startup
200+ members.
Clear structure.
Sharper messaging.
Now it looked like a startup.
Not just a movement.
The First Product
Finally—something tangible.
5IveB Cricket.
A VR cricket experience.
Built under NewYuga.
Positioned as:
- Future of gaming
- World-class Indian innovation
For the first time—
There was something to show.
The Rise of Gen 2
Then came the big leap.
Gen 2 funding.
₹120 Crores.
Not from institutions.
From people.
Again.
The Investment Structure
Structured as:
- CCPS (Compulsorily Convertible Preference Shares)
- 4-year lock-in
Presented as:
- Long-term wealth
- Early unicorn entry
- Community-driven investing
The Perfect Pitch
The narrative was refined:
- IITian team
- Massive gaming market
- VR/AR future
And the promise:
Simple.
Memorable.
Effective.
Handling Doubts
Questions came.
Answers were consistent:
Not technical.
Emotional.
Expansion on Ground
Workshops spread across:
- CBIT
- NIT Trichy
- Sastra
- Amrita
The funnel widened.
Students kept entering.
National Presence
Offices expanded:
- Hyderabad
- Mumbai
- Lucknow
Now it looked like a pan-India startup.
Life Inside (Still the Same)
Despite scale:
- Salaries remained ₹5K–₹10K
- Extra income often redirected back
Because:
Mission > Individual.
Always.
The Core Reality
By 2018:
- One product existed
- Many were promised
- Massive funds had come in
But still:
- Many things were unbuilt
- Many answers unclear
What This Phase Really Was
Not just growth.
But:
- Scaling belief
- Scaling money
- Scaling expectations
The dream became bigger.
So did the pressure.
Posted May 1, 2026, 11:32 AM UTC