Galaxy Racer (GXR), the world’s largest esports, gaming and lifestyle organization, is delighted to announce the appointment of Upmanyu Misra as Managing Partner of Galaxy Racer. In his new role, his main responsibilities will be to lead the organization’s investments, mergers and acquisitions and financial strategy.
Upmanyu is a highly regarded venture capital and private equity professional with over 15 years of experience, including his previous roles at Citi and JP Morgan. He has multi-industry experience with a particular focus on AR/VR (games, mobile apps, consumer devices), autonomous vehicles, FinTech and Blockchain applications.
Previously, he was an AI programmer for a PC real-time strategy game that had global revenue of over $1 billion. He holds an MBA from INSEAD and a Masters (cum laude) in Computer Science from Lehigh University.
Galaxy Racer has over 100 content creators globally in the Middle East, North Africa (MENA), North America, South East Asia (SEA), Europe and South Asia, bringing together more of 500 million subscribers and generating more than 2.5 billion monthly views.
Galaxy Racer consists of several business branches, including production of IP content and esports events, dedicated content creators, esports teams, limited edition products and a music label.
Galaxy Racer is exploring its expansion into the Blockchain Gaming and Web3 ecosystem and will make major acquisitions throughout 2022 and 2023.
Esports is expected to generate $1.38 billion in global revenue this year according to business intelligence firm Newzoo in its 2022 report on the global esports and live streaming market. This figure represents a 22% year-over-year increase from 2021.
Paul Roy, CEO of Galaxy Racer Group, said: “We are delighted to have Upmanyu as our Managing Partner. His immense experience as a VC and keen interest in esports and gaming will play a pivotal role as we continue to aggressively grow globally. We can’t wait to welcome him on board and elevate the Galaxy Racer to even new heights. Welcome to our galaxy!”
Upmanyu Misra, Managing Partner of Galaxy Racer, said, “Esports and blockchain are at the forefront of the new technological era and will truly shape our next generation in unprecedented ways. Organizations around the world need to shift focus from targeting user wallet to user time. Paul’s vision for doing this is absolutely astounding. Excited to step aboard and take Galaxy Racer to the next level.
Galaxy Racer recently held the biggest esports tournament in the MENA region, GAMERS GALAXY: Dota 2 Invitational Series Dubai 2022, in Dubai with the best international Dota 2 teams competing for a prize pool of AED 1,000,000. It drew over 2 million concurrent viewers and 38.5 million total hours watched across all platforms, with over 27 billion total viewers worldwide.
The Galaxy Racer content creator broke two Guinness World Records with the “Longest Live Stream (Video) – 268 Hours, 14 Minutes and 20 Seconds” and “Most Viewers for a Live Stream of a charity donation on YouTube – 698,000 viewers”, while raising US$11 million for charity in collaboration with UNHCR (United Nations High Commissioner for Refugees) and The Mohammed Bin Rashid Al Maktoum Global Initiatives.
Galaxy Racer is headquartered in Dubai and recently expanded its offices in Los Angeles and key Southeast Asian markets including the Philippines, Thailand, Indonesia and Malaysia.