Private Equity PE Fund Investments
Game streaming app Rooter raises $25-M from Lightbox, March Gaming, others
Source PTI (opens in a new tab)
New Delhi-based game streaming and e-sports platform Rooter has raised USD 25 million (about INR 185 crore) in funding led by Lightbox, March Gaming and Duane Park Ventures. 9Unicorns, ADvantage, Capital-A, and Goal Ventures also participated in the series A funding round along with existing investors including IeAD Sports and Health Tech Partners.
Through this funding round, the company also facilitated the secondary sale exit for a few of its shareholders and a few employees through ESOP buyback. Using the primary proceeds, Rooter is looking to almost double its team size by hiring across divisions to add to its 55-member.
Founded by Piyush Kumar and Dipesh Agarwal, Rooter has 8.5 million monthly active users and over 30 million downloads.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Jan-19 and Apr-20, Rooter raised $2.2 M from Rockstud Capital, Anthill Ventures, RB Investments, Paytm, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)