Mobile Premier League acquires Lumikai-backed CloudFeather
Online skill-gaming platform Mobile Premier League (MPL) said Tuesday it has acquired a significant stake in gaming technology innovation company CloudFeather Games. The deal will involve the exit of CloudFeather’s existing investor, interactive media and gaming-focused venture capital fund Lumikai. The VC firm had led CloudFeather’s $1.25 million seed funding round in June ......
Lumikai backer MIXI sets up $50 mn India-focussed corporate VC arm
Japanese mobile entertainment company MIXI Global Investments Inc., which is a limited partner in gaming-focused venture capital firm Lumikai, has set up an India-focused corporate venture capital firm. The VC firm will invest $50 million (around Rs 413 crore) in early-stage entertainment and consumer services startups in the country. It will serve as an investment vehicle for ......
Charcoal Eats, Toonsutra, Mayhem Studios, TechEagle grab funding cheques
Quick-service restaurant brand Charcoal Eats, webtoon app Toonsutra, Mayhem Studios and TechEagle have raked in early-stage funding, the companies said Friday. Charcoal Eats Charcoal Eats secured Rs 45 crore (over $5 million) in a funding round led by Girish Patel, the founder of Paras Pharma. The round also saw participation from ......
Lumikai hits halfway mark in first close for new fund
Early-stage gaming-focused venture capital firm Lumikai, which has backed startups like All Star Games, Loco, Crater, Eloelo, Studio Sirah, Bombay Play and CloudFeather Games, has hit the first close of its latest vehicle which will look to invest in pre-seed to series A rounds of gaming and interactive media firms ......
India’s e-sports market may triple by 2027: Lumikai-AWS
E-sports industry in India has been gaining momentum with more and more players joining in and so the market is projected to more than triple in size by 2027, says a joint report by gaming-focused venture fund Lumikai and Amazon’s cloud services arm AWS. The Indian e-sports space grew to ......
Lumikai, Fireside Ventures back gaming startup Giga Fun Studios
Bengaluru-based gaming startup Giga Fun Studios has raised $2.4 million in a seed round led by interactive media-focused fund Lumikai, with participation from Fireside Ventures. According to a statement, the round also saw participation from All In Capital, Kettleborough VC and Riverwalk Holdings. Founded by Krishnendu Mukherjee (former MPL and Zynga executive), ......
Lumikai's take on the Indian gaming landscape
Gaming-focused venture fund Lumikai, which has backed platforms like Loco sees opportunities to create category leaders across the domestic gaming landscape spanning from content and platform to tools/infrastructure and frontier tech like Web 3.0 in India, a top executive told VCCircle. Salone Sehgal, founder at Lumikai, believes there is already an ......
Gaming, interactive media-focussed Lumikai floats VC fund
Lumikai, a New Delhi-based venture capital firm focussed on gaming and interactive media, has floated an early-stage fund to back local companies. The fund has also hit the first close, Lumikai said in a statement. The fund says it is backed by investors from across the world, including gaming and technology ......
Game maker Studio Sirah taps Kalaari, Lumikai
Bengaluru-based game maker Studio Sirah has raised $2.6 million (around Rs 21.2 crore) from Kalaari Capital and Lumikai in a pre-Series A capital raise. The startup will use the fresh funds to launch its flagship gaming title ‘Kurukshetra: Ascension’ and to develop second gaming title as well. Founded by Abhaas Shah ......
Lumikai leads seed funding in social gaming studio Bombay Play
Bombay Play Pvt. Ltd, which operates a gaming studio that develops properties with a social component, has raised $1 million (Rs 7.37 crore at current exchange rates) as part of its seed fundraising exercise. The round in Bengaluru-based Bombay Play has been led by Lumikai, the interactive-media focussed firm that floated ......
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