Y-Combinator Backed Better Opinions Raises Over $1 Million In Pre-seed Round
Better Opinions, a Y-Combinator backed skill-based gaming startup, has raised over $1 million in a pre-seed round from Y Combinator, Java Capital, Soma Capital, and several angel investors. Mayank Kumar (Co-founder of UpGrad), Sudhanshu Raheja (Head of product and engineering at GoTo Financials), Chinmaya Sharma (Chief commercial officer), Namshi and […]
Nautilus Mobile Raises $5.4 Million Funding Led By KRAFTON
Nautilus Mobile, a mobile game development studio owned by JetSynthesys, has raised $5.4 million in funding led by the South Korean gaming company-KRAFTON, makers of the BATTLEGROUNDS MOBILE INDIA (BGMI). With this fresh investment from KRAFTON, Nautilus Mobile aims to deepen its penetration in more markets across the world and broaden its […]
Gaming Community Platform Turnip Raises $12.5 Million In Funding
Turnip, an online gaming community platform, has raised $12.5 million in a funding round led by Greenoaks and existing investor Elevation Capital. SEA Capital, Vibe Capital, Andrew Chen (partner, Andreessen Horowitz), Harshil Mathur and Shashank Kumar (Razorpay founders), Akshay Kothari (Notion founder), among others, also participated in the funding round. […]
Gaming Startup Zupee Raises Fresh Funds, Valuation Hits $600 Million
Zupee, an online real-money gaming platform, has raised $72 million as part of a larger funding round from Mumbai-based fund Nepean Capital. With this funding, Zupee has closed its Series B round with $102 million funding, valuing the company at $600 million. As per the gaming platform, the raised capital […]
Report: India’s Gaming Market Is Set To Become $7B In FY 2026
According to a comprehensive report by Lumikai and Redseer, India’s gaming market is set to become $7 billion in FY2026 (more than 3X of the market in FY2021). The report titled “India Gaming Report 2021″ showed that in-app purchases are the fastest growing revenue streams of the market with an increasing number of paid […]
Bengaluru-based Studio Sirah Raises $830K In Seed Funding
Studio Sirah, a Bengaluru-based gaming studio, has raised a seed investment of $830,000 led by Lumikai with participation from a group of strategic angels. These strategic angels include Akshat Rathee (Founder of Nodwin Games), Piyush Shah (Co-founder of Inmobi), Roshni Rathi (Partner at BCG), Alexis Bonte (COO at Stillfront Games), […]
Nazara Technologies Acquires Skill-based Gaming Platform OpenPlay
Nazara Technologies, a gaming and sports media platform, has acquired Hyderabad-based skill-based gaming company OpenPlay for about Rs 186 crore. As per the regulatory filing, Mumbai-based Nazara will acquire a 23.30% stake in OpenPlay for INR 43.43 Cr by the end of Q2 of FY 2021-22 and will complete the […]
SportsTech Giant Dream Sports Acquires Pune-based Rolocule Games
Leading sports technology company Dream Sports has acquired Rolocule Games, a Pune-based mobile games developer. Post-acquisition, the Pune-based mobile games developer will be rebranded as Dream Game Studios. Additionally, Rohit Gupta (Founder of Rolocule) will continue to lead Dream Game Studios, focusing on premium interactive gaming experiences on mobile. Dream […]
Report: Indian Online Gaming Segment To Reach Rs 29,000 Cr By FY25
As per a report by KPMG, the Indian online gaming segment is expected to more than double at Rs 29,000 crore by FY25. The report added that the number of gamers would rise from 43.3 crore gamers in the financial year 2020-21 to 65.7 crores by 2025. As per the […]