VC Fund Investments
Hypersocial gaming co Bombay Play raises $7-M led by Kalaari
Bangalore-based game development studio Bombay Play has raised USD 7 million in Series A funding round led by Kalaari Capital with participation from fellow gaming firm WinZO, AdvantEdge VC and AMEA Ventures. Existing investors Lumikai Fund, Leo Capital and PlayCo also participated in the funding round. The startup plans to use the fresh capital raised towards scaling its existing 'hypersocial' game offerings and supporting upcoming projects with a part of the proceeds also going towards research and development in the segment. The firm also plans to double its employee base from the existing 50 people by the end of the next financial year. Bombay Play focuses on hypersocial gaming genre, i.e. HTML5-based casual games which are designed with a social-first approach and are instantly playable across various platforms. With this, Bombay Play has raised over USD 9.5 million so far, including a USD 1.5 million in June 2020 and a USD 1 million round in December 2020.
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