A gaming startup named Lightfury has just secured $8.5 million funding in its first external round. In its official statement, the company informed that, the funding round was led by VC firm Blume Ventures and other key investors. Other investors who participated in the funding round were MIXI, Gemba Capital, and Angels, with participation from individuals such as Kunal Shah and Gaurav Munjal.

The company disclosed that, they will use this freshly lifted fund to build AAA titles and get top talent for their studios in India and the UK.

AAA games are famous for their high level of polish and quality, and they are developed by top gaming studios with significant financial and technical resources.

Karthik Reddy, co-founder and managing partner at Blume Ventures said, "The ability to piece together the talent and bring in believers from the gaming and consumer universe make it one of the most exciting investments we've made in this space."

The gaming startup Lightfury was founded by former Unacademy chief marketing officer Karan Shroff, gaming industry veteran Anurag Banerjee, and Tina Balachandran, former executive of Unacademy and Tencent Games. The startup also has former Improbable and Electronic Arts executive Chong-U Lim as its chief technology officer (CTO) and long-time Improbable executive Daniel Hall as the company’s senior director of engineering.

Karan Shroff quoted, "The size of the gaming market in India is on the rise and it is an excellent time for us to bring our expertise into the industry. We intend to utilize the capital to hire top-tier talent in the country to put India on the global map."

Along with the game development the company is intending to set up game studios in India and UK to hire finest talents for these studios.