Turnip bags USD 12.5 million funding c-led by Greenoaks and Elevation Capital
The company will use the funds to expand its presence in India, Southeast Asia and Latin America. Across various functions such as technology, design and growth, the proceeds will also be used to hire people.
Turnip says it supports a variety of creators including live streamers, montage creaters, esports organizations, college clubs, and groups of friends.
“Our goal is to build from India for the 2 billion gamers spread across the world. Gamers have been early adopters of technologies and this has created some of the most innovative and immersive consumer products globally-Discord, Streamlabs, Unity, Twitch, Axie Infinity. We want to continue on this same legacy and become the global default home for mobile gaming communites,” Pooja Dubey and Aditya Sharma, co-founders, said in a joint statement.
“Today’s streamers and other creators want to cultivate deep, personalized, and persistent relationships with their fans, with a richness that’s impossible to achieve on Twitch or YouTube alone. Turnip is building a platform that transforms passive viewers into an actively engaged community, delighting fans while enabling new options for creators, from subscriptions, to events, to sponsorships, and more, “said Greenoaks partner Neil Shah.
“The product puts gamers, a large proportion of digital creators today, at the centre and lets them imagine completely new experiences for their community. Turnip’s spectacular growth and global reach in the past year further cements our belief in their vision and we are thrilled to reaffirm our partnership in this latest funding round,” said Elevation Capital partner Mayank Khanduja.