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LUMIKAI GAMING FUND
Our aim now is to create Indian games for local use and global exports: Krafton CEO KimMakers of popular video game PUBG looks to double down on investments and IP creation. Will invest both from its balance sheet as well as a...- Microdrama apps chase telco bundles as subscription growth lags despite download surgeMicrodrama platforms are partnering with telecom operators to combat market fragmentation and boost subscriptions. With over 20 apps and si...
- Real-money game over, battle will now shift to the old fieldFollowing the real-money game ban in India, traditional gaming studios anticipate growth as RMG players migrate to casual gaming. This shif...
- Meta Gaming Accelerator launched to power up India’s next-gen game devs and studios
- 44% gamers in India are women, but male employees continue to dominate the industryWomen’s representation in tech roles in India is even lower, at 6-9%, according to the Women in Games report by All India Games Developers ...
- VC Lumikai eyes 10-12 deals via India Fund-IIGaming and interactive media venture capital firm Lumikai has $58 million in AUMs from 15 portfolio companies, general partner Salone Sehga...
- Centre Court Capital launches $42 million sports, gaming tech fundIndia is home to three gaming unicorns in Game 24X7, Dream11 and Mobile Premier League, besides having the world's second-largest populatio...
- Indian digital gaming industry to more than double to $7.5 billion by FY28: Lumikai"India's gaming market hit USD 3.1 billion in FY23 and is projected to reach USD 7.5 billion by FY28. Future growth is expected to be drive...
- Gaming startup QuriousBit raises $2 million in funding from Lumikai, General CatalystThe funds will be used to expand the team size, currently at seven, in product and system development and in marketing its games. QuriousBi...
- Eloelo raises $22 million in funding from Courtside Ventures, Griffin Gaming PartnersThe funding happened at a valuation of between $100-150 million, founder and chief executive Saurabh Pandey told ET in an interaction, with...
- Byju’s troubles mount as board members, auditor Deloitte resign; Tata Digital rejigs top brassOn Thursday evening ETtech first broke the story of three of Byju’s key board members resigning. Soon after Deloitte, the edtech’s statutor...
- Key Byju’s board members, auditor resign; Modi urges Micron to put India on semiconductor mapIt just doesn’t seem to end for Byju’s. As if loan defaults, losses, layoffs and other setbacks weren’t enough, three key board members of ...
- Gaming focused VC Lumikai unveils Fund II, eyes $50 million corpusThe so-called Fund II follows Lumikai’s first fund that raised $40 million in 2020, a year after its inception. It has backed startups like...
- Casual gaming startup Giga Fun Studios raises $2.4 million fundingThe startup, which plans to launch its first game in the second half of 2023, is aiming to build a portfolio of games that are culturally c...
- CloudFeather Games raises $1.25 million in funding from LumikaiCloudFeather Games will use the funding to hire key personnel in business development, product, and tech.
- VC fund Lumikai strengthens leadership teamRajadhyaksha will oversee finance, fund administration and operations, lead on regulatory and compliance. Shashwat will play a key role acr...
- Eloelo raises $13 million in funding co-led by KB Investments, Kalaari CapitalThe new capital will be used to expand the firm's tech, product, and content teams, as well as to foster new partnerships with creators and...
- Eloelo raises $2.1 million to strengthen creator tie-ups, fuel expansionEloelo, a livestreaming and social gaming platform, has seen its user base grow 15 times over the past six months. The platform now has mor...
- Game streaming platform Loco raises $9 million from Krafton, LumikaiFollowing the fundraise, Loco will be spun off as a separate entity from Pocket Aces. Founders Anirudh Pandita and Ashwin Suresh will lead ...
- New VC fund Lumikai to seed home grown gaming studios, entrepreneursFirst dedicated capital pool for India sees global media and tech companies log in as investors, aims to deploy $2 lakh - $2 million across...
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