Gaming startup LightFury Games has secured a significant boost with a $8.5 million investment in a seed funding round.
The funding, led by Blume Ventures, Mixi Inc, and Gemba Capital, marks a pivotal moment for the company as it strives to make waves in India’s gaming industry.
Securing Seed Funding:
LightFury Games has successfully closed a seed funding round, raising $8.5 million from prominent investors including Blume Ventures, Mixi Inc, and Gemba Capital.
Additionally, angel investors such as Kunal Shah and Gaurav Munjal have also contributed to the funding round, reflecting a strong vote of confidence in the startup’s vision and potential.
Strategic Allocation of Funds:
With the newly acquired funds, LightFury Games is poised to embark on an ambitious journey. A significant portion of the investment will be allocated towards the development of AAA games,
a category synonymous with high-profile and high-budget titles. Moreover, the company plans to bolster its workforce by hiring talent both in India and the UK, strategically positioning itself for growth and innovation.
Vision for Indian Gaming:
Karan Shroff, Co-founder of LightFury Games and former Chief Marketing Officer at Unacademy, envisions a future where Indian gaming rivals the global giants.
He emphasizes the importance of creating successful AAA titles tailored for the Indian market, aiming to establish a Tencent-like presence originating from India. Shroff highlights
the necessity of assembling top-tier expertise and leveraging cutting-edge technology to deliver unparalleled gameplay experiences.
Founding Team:
The backbone of LightFury Games comprises industry veterans with a wealth of experience and expertise. Anurag Banerjee,
a seasoned professional who has previously collaborated with renowned gaming companies including Ubisoft and WB Games Montreal Inc, brings invaluable insights to the table.
His involvement in the development of blockbuster AAA games such as Assassin’s Creed and Batman’s Arkham Asylum underscores his prowess in the gaming realm.
Joining him is Tina Balachandran, a former executive at Unacademy and Tencent Games, who adds a wealth of strategic knowledge and industry connections to the team.
Investor Perspective:
Karthik Reddy, Co-founder and Managing Director at Blume Ventures, expresses enthusiasm for the investment in LightFury Games.
Reddy highlights the startup’s ability to attract top talent and garner support from key players in the gaming and consumer industries.
He views the investment as a strategic move that aligns with Blume Ventures’ vision for the gaming sector, positioning LightFury Games as a frontrunner in the evolving landscape of Indian gaming.
Conclusion:
LightFury Games’ successful seed funding round marks a significant milestone in its journey towards gaming excellence. With a strong financial backing and a talented founding team,
the company is well-positioned to revolutionize the Indian gaming scene. As it continues to develop innovative AAA titles and expand its footprint, LightFury Games stands poised to make a lasting impact on the global gaming industry.
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