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Pune-based gaming studio SuperGaming has reportedly raised $15 Mn (around INR 131 Cr) in a fresh funding round at nearly five times the valuation of its Series A funding round in 2021.
As per PTI, the fresh funds have been raised at an enterprise valuation of about $100 Mn.
SuperGaming cofounder and chief executive Roby John told PTI that the startup raised $5 Mn (INR 43 Cr) at a valuation of $21 Mn (around INR 184 Cr) in 2021.
The fresh funding round was co-led by Skycatcher and Steadview Capital, with participation from global strategic investors such as a16z Speedrun, Bandai Namco 021 Fund, Neowiz and Web3 Investors, including Polygon Ventures.
The round also saw participation from Sandeep Nailwal, Decentralised.co, 4th Revolution Capital, 32-Bit Ventures, Ryze Labs, Ed3n Ventures, Visceral Capital and existing investors like AET Japan and BACE Capital.
Inc42 has reached out to the startup for further details. The story will be updated upon receiving the response.
“We see a market of $5 to 7 Mn from the business Indus is doing, but in the emerging markets, revenues are expected to be 3 times better than what we do inside of India. In markets like Brazil or even in Europe, we are seeing that monetisation is 3 to 5 times better,” John told PTI.
Founded in 2017 by John, Navneet Waraich, Sanket Nadhani, Christelle D’cruz and Sreejit J, SuperGaming is building mobile games such as MaskGun, Silly Royale, and Tower Conquest. It has also built SuperPlatform, a cloud-based live-ops game development engine.
SuperPlatform provides a SaaS-based solution for game developers, allowing them to build and manage games seamlessly while integrating with popular game engines like Unity and Unreal Engine, the statement said.
In SuperGaming’s Series A funding round, it bagged funds from Skycatcher, AET Fund (venture arm of Akatsuki), BAce Capital, Dream Incubator, 1Up Ventures and Monish Darda.
Earlier this year, SuperGaming secured funding from Bandai Namco Entertainment via its 021 Fund.
“Bandai Namco doubling down on their investment is a strong vote of confidence in our mission and our team —to build world-class games and gaming infrastructure from India for India and the world. This renewed partnership validates our commitment to shaping the future of gaming, not just in India but on a global stage,” John said then.
In October last year, SuperGaming announced the launch of its made-in-India battle royale game, Indus for both Android and iOS platforms users. Indus has amassed more than 6 Mn downloads.
The gaming studio counts Akatsuki Entertainment Technology Fund, Skycatcher, BAce Capital, Dream Incubator and others among its investors.
The post SuperGaming Mops Up $15 Mn At $100 Mn Valuation: Report appeared first on Inc42 Media.
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