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LUMIKAI ONLINE FUNDING
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...- Indian gaming companies facing tougher challenges compared to China: Salone Sehgal of VC fund LumikaiIndian gaming companies face tougher challenges than their Chinese counterparts, says Salone Sehgal of Lumikai. Despite competition from bi...
- 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 ...
- Bitkraft Ventures sharpens focus on India gaming market; appoints Anuj Tandon as partnerTandon had earlier led investments for South Korean gaming major Krafton in India. He said the structure for US-based Bitkraft’s investment...
- Hyderabad esports event makes itself heard amid World Cup dinEven as the country watched the thrilling T20 World Cup final on Saturday, a separate kind of event was unfolding in Hyderabad with a 1,000...
- Karnataka's Kitven launches Rs 20 crore fund for AVGC sectorThe Kitven Fund-4 (AVGC) is poised to play a transformative role in supporting startups and fostering innovation in animation, visual effec...
- Winzo launches Bharat Tech Triumph to facilitate export of Made in India gamesThe company said this program focuses on nurturing homegrown startups by providing crucial resources for growth such as offering a global p...
- Game theory: How fortunes of India's gaming industry turned from being a sunrise sectorFrom being a sunrise sector to a stressed one, fortunes of India’s gaming industry have quickly turned. ET looks at what is driving the bul...
- 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...
- 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...
- Indian girl gamers fight keyboard warriors and online abuseAccording to a recent report released by Lumikai, 43% of India's 507 million gamers are female - the first year they have counted players b...
- Online games with Indian themes, characters becoming all the rageThis trend, which follows the rising popularity of India-focused content — both contemporary as well as drawn from folklore and mythology —...
- MPL’s game development unit Mayhem Studios raises $20 million from Sequoia, Steadview, Truecaller, othersThe fundraise has come in the backdrop of the central government announcing regulations for online gaming, which legitimises various forms ...
- ETtech Budget Watch: Rationalised tax regime tops gaming, cryptos’ budget askeGaming cos for continuation of Rs 10,000 TDS threshold, while crypto cos want a reduction in 1% TDS.
- ETtech Deals Digest: MoEngage, Slice and Cuemath, Curefood rack up funds this weekMoEngage, Slice, Cuemath and Curefoods raised over $200 million combined
- ETtech Deals Digest | VerSe Innovation, Fetch Rewards, Nord Security raise fundsVerSe Innovation, the parent firm of online news aggregator DailyHunt and short-video platform Josh, signed definitive documents and raised...
- Bombay Play raises $7 million led by Kalaari CapitalBombay Play plans to invest the new funds in scaling its existing ‘hyper-social’ game offerings, supporting upcoming projects, and allocati...
- The metamorphosis of Meta PlatformsMeta, or the rebranded Facebook, is readying to make a big, generational impact in India through a family of apps across every major online...
- Coders, studios in demand as India’s gaming industry boomsGrowing demand for entertainment, availability of design talent and rising investor interest are spurring video game development for mobile...
- 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 ...
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