Tech Financing in India this week – Mobile gaming booming

Our weekly column summarizes the tech financing highlights in India this week.

Mobile gaming takes the investment lead in India’s market. Thanks to the development of mobile Internet and smartphones, it’s easier for us to take advantage of segmented time for entertainment. Gaming has long since been many smartphone users’ first stop when provided with spare time. Various startups in India seek opportunities to meet such customers’ demands by providing high-quality games on mobile devices. This week, Mobile gaming startup Nazara raised approximately USD 51 million led by IIFL Special Opportunities Fund.

Mobile gaming startup Nazara raises USD 51 M

Nazara

Founder: Nitish Mittersain

Founded in: 2000

Financing status: USD 51 million for undisclosed round in 2017

Mumbai-based mobile gaming startup Nazara has raised approximately USD 51 million in a funding round led by IIFL Special Opportunities Fund.

Read more

Photo from MobieFit Twitter

Mobile fitness startup Mobiefit secures USD 1.35 M for Pre-Series A

Mobiefit

Founders: Gourav Jaswal, Gul Panag, Shantanu Raghav, Pravar Peri, Sushant Chavan

Founded in: 2015

Financing status: USD 1.35 million for undisclosed round in 2017

Goa-based mobile fitness startup Mobiefit has raised USD 1.35 million in a Pre-Series A funding round led by NB Ventures and existing investor MediAssist India.

Read more

Photo from 699pic

Online property rental startup NestAway lands 50 M

NestAway

Founders: Amarendra Sahu, Deepak Dhar, Smruti Parida, and Jitendra Jagadev

Founded in: 2015

Financing status: USD 50 million for undisclosed round in 2017

Bangalore-based online property rental startup NestAway has raised USD 50 million in a fresh round of funding from Ratan Tata’s UC-RNT Fund, the joint investment fund between Tata Sons Ltd chairman emeritus Ratan Tata and the University of California. Existing investors IDG Ventures and Tiger Global also participated in the round.

Read more

Photo from Dunzo website

Hyperlocal services app Dunzo raises USD 12 M

Dunzo

Founders: Ankur Aggarwal, Dalvir Suri, Mukund Jha and Kabeer Biswas

Founded in: 2015

Financing status: USD 12 million for undisclosed round in 2017

Bangalore-based, chat-based hyperlocal services app Dunzo has raised USD 12 million in a fresh funding round from search engine giant Google. Existing investors Blume Ventures and Aspada also participated in the round. Reportedly, this is Google’s first direct investment in the Indian startup ecosystem.

(Top photo from Baidu Images.)

AllTechAsia Staff

AllTechAsia is a startup media platform dedicated to providing the hottest news, data service and analysis on the tech and startup scene of Asian markets in English.

© 2022 All Tech Asia. All Rights Reserved.

AllTechAsia is a startup media platform dedicated to providing the hottest news, data service and analysis on the tech and startup scene of Asian markets in English. Contact us: info@alltechasia.com


%d bloggers like this: