Funstop Games secures $1.5 million in funding from InfoEdge Ventures
Funstop Games, a casual gaming studio located in Gurugram, announced that it had secured $1.5 million in funding from InfoEdge Ventures. Casual gaming pertains to video games that can be played in a short amount of time. The company intends to use this funding to expand its game development efforts and enhance its advertising technology capabilities to bolster its collection of games. Notably, two of its games, Airport Rush 3D and Perfect Time, have achieved success, and the company intends to leverage the lessons learned from this success.
Co-founded by Prashanth Vijay and Tamesh Sharma, Funstop Games stated that their games have amassed over 50 million downloads and generated over $4 million in revenue. Prashanth, one of the co-founders, remarked, "The changing gaming environment requires top-tier games with captivating gameplay and design. InfoEdge Ventures' investment offers the resources to create intellectual properties (IPs) with sustained revenue streams, confirming our faith in the fusion of data and design".
Commenting on the investment, Chinmaya Sharma, partner at InfoEdge Ventures, said, “We are convinced that design + data = good games. At Funstop, too, it was the combination of Tamesh's sense of design and gameplay and Prashanth’s understanding of data that made us strong believers in them”. Last month, online gaming and esports company Nazara Tech raised Rs 410 crore from SBI Mutual Funds after the company’s board approved the issue of 5.7 million equity shares at Rs 714 per share to the fund. This came days after the company had raised Rs 100 crore from Zerodha cofounder Nikhil Kamath to make a push into the game publishing space.
Co-founded by Prashanth Vijay and Tamesh Sharma, Funstop Games stated that their games have amassed over 50 million downloads and generated over $4 million in revenue. Prashanth, one of the co-founders, remarked, "The changing gaming environment requires top-tier games with captivating gameplay and design. InfoEdge Ventures' investment offers the resources to create intellectual properties (IPs) with sustained revenue streams, confirming our faith in the fusion of data and design".
Commenting on the investment, Chinmaya Sharma, partner at InfoEdge Ventures, said, “We are convinced that design + data = good games. At Funstop, too, it was the combination of Tamesh's sense of design and gameplay and Prashanth’s understanding of data that made us strong believers in them”. Last month, online gaming and esports company Nazara Tech raised Rs 410 crore from SBI Mutual Funds after the company’s board approved the issue of 5.7 million equity shares at Rs 714 per share to the fund. This came days after the company had raised Rs 100 crore from Zerodha cofounder Nikhil Kamath to make a push into the game publishing space.