Turnip Raises $1.6 Million Seed Capital from Elevation Capital & Better Capital
Live game streaming and community platform Turnip Media has raised $1.63 million in seed funding from Elevation Capital (formerly SAIF Partners). The round also saw participation from early-stage venture firm Better Capital. The fresh capital will be utilized by Turnip expand its reach to millions of gaming communities by building a scalable and seamless product and to recruit talented individuals who have a shared passion to build the future of gaming.
Founded in 2020 by Pooja Dubey and Aditya Sharma, Turnip intends to create an impact by transforming the way mobile gamers create, consume, and interact with live content. The 12 member team helps run interactive experiences for their communities and monetize the engagement.
Speaking about the investment, Pooja Dubey, Co-founder, Turnip, said in the press statement: “The advent of the powerful smartphone and cheap data rates have pushed gaming into the spotlight. Whether it’s a 12-year-old learning to play chess, an Uber driver expressing his love for PubG, or working professionals bragging about their Among Us wins - the love for gaming knows no bounds."
The company stated that currently India has over 600 million gamers who spend over an hour on their device each day. Turnip is looking to leverage this opportunity and re-imagine community and interactions for gaming by creating a platform where mobile gamers can come together and share their love for gaming.
Speaking about the fundraise Vaas Bhaskar, Vice President, Elevation Capital said: “Game Streaming in India has moved from being a niche sub-culture to very mainstream. However, the experience remains quite non-interactive and primitive. Pooja and Aditya are making game stream viewing more participatory for the mobile-first audience and we are excited to be in this journey with them.”
Founded in 2020 by Pooja Dubey and Aditya Sharma, Turnip intends to create an impact by transforming the way mobile gamers create, consume, and interact with live content. The 12 member team helps run interactive experiences for their communities and monetize the engagement.
Speaking about the investment, Pooja Dubey, Co-founder, Turnip, said in the press statement: “The advent of the powerful smartphone and cheap data rates have pushed gaming into the spotlight. Whether it’s a 12-year-old learning to play chess, an Uber driver expressing his love for PubG, or working professionals bragging about their Among Us wins - the love for gaming knows no bounds."
The company stated that currently India has over 600 million gamers who spend over an hour on their device each day. Turnip is looking to leverage this opportunity and re-imagine community and interactions for gaming by creating a platform where mobile gamers can come together and share their love for gaming.
Speaking about the fundraise Vaas Bhaskar, Vice President, Elevation Capital said: “Game Streaming in India has moved from being a niche sub-culture to very mainstream. However, the experience remains quite non-interactive and primitive. Pooja and Aditya are making game stream viewing more participatory for the mobile-first audience and we are excited to be in this journey with them.”