Entertainment co Playverse raises $1.5 M from Akatsuki

Mumbai-headquartered PlayVerse - which offers content, toys, games, and technology products in India - has raised USD 1.5 million from Japanese gaming company Akatsuki Inc (which operates the AET Fund). PlayVerse will now look to maximise the monetisation potential of popular Japanese IPs and brands in India. PlayVerse will launch its own direct-to-consumer (D2C) brand, which will be focused on an interconnected universe of content and "play". It aims to unlock the full potential of an IP with a 360-degree approach to content and merchandise.