Private Equity

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Blockchain startup KGen Raises $13.5 M from Prosus, Jump Crypto, Accel, others

Inc42  

Bengaluru-based blockchain startup KGeN (Kratos Gamified Engagement Network) has raised USD 13.5 million (about INR 119.7 crore) in a strategic funding round. The investors in this round include Prosus Ventures, Jump Crypto and Accel. This infusion of capital brings KGeN's total external funding to USD 43.5 million.Founded in 2013 by Manish Agarwal, Ishank Gupta, and Ritesh Arora, KGeN operates a blockchain-based verifiable user distribution layer. This layer serves AI agents, decentralised finance (DeFi) applications, and gaming platforms by verifying real users for these companies and other consumer applications. The startup also assists its clients in acquiring and monetising real users at scale.As of August 2025, KGeN claims a network of 39 million registered users, 6.14 million monthly active users, and 780,000 daily active users, with an annualised revenue of USD 48.3 million. The company’s ecosystem extends across more than 60 geographies and includes over 200 live partnerships.

Between Feb 2023 and Nov 2024, Kratos Studios had attracted about USD 30 M from Accel India, Courtside Ventures, Nexus Venture Partners, Prosus Ventures, Aptos Labs and others.