Get All Access for $5/mo

[Funding Alert] Gaming Company Bombay Play Raises $1.1 Mn In Pre-Series A Funding The firm in a statement said the fresh funds by Leo Capital and Ramakant Sharma will be utilized to hire talented game makers in India and grow internationally

By Debarghya Sil

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Bombay Play

India-based gaming company Bombay Play on Wednesday announced it has raised $1.1 million in pre-series A funding from venture capital firm Leo Capital and angel investor Ramakant Sharma, founder of Livspace. The firm in a press release said the fresh funds will be utilized to hire talented game makers in India and grow internationally.

Bombay Play creates multiplayer games designed to bring friends and family together. The company amassed 10 million downloads in its first year for its signature game "Card Party'. Last December, the Pokémon Company also announced that it would partner with Bombay Play to publish games on Facebook.

They are now gearing to launch a battle royale game 'lockdown brawl' later this month.

Speaking about the funding, Oliver Jones, CEO of Bombay Play, said, "India is on a rocket ship trajectory to becoming one of the top game development hubs of the world. We are building a team that has the vision and energy to deliver world-class titles that will compete with the best. We are happy to have raised this funding from Leo Capital and Ramakant Sharma".

Commenting on the funding, Dinesh Singh, venture partner, Leo Capital, said, "India has emerged as one of the top gaming hubs of the world within a matter of years. In a young country with half of the population below the age of 25, a company like Bombay Play has the potential to bring in fresh and exciting gaming content. We hope that this investment will help them in bettering their capabilities and collaborating with the best gaming talent around the world."

Leo Capital, a venture capital firm focused on early-stage technology investments, has built a portfolio of 19 companies since its launch in 2017.

"Bringing friends and family together has become even more pertinent in the wake of the pandemic and lockdown. The content offered by Bombay Play shows us how games will evolve to become a more integrated part of our social lives. Bombay Play has proven itself to be one of the most innovative game-makers in India and I am extremely happy to be a part of their journey to becoming leaders in gaming globally," Sharma added.

Debarghya Sil

Entrepreneur Staff

Former Correspondent

Marketing

5 SEO Hacks to Help You Rank Fast

Discover the best SEO hacks you can use to rank fast and avoid waiting for months to see results.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Data & Recovery

Get $60 off This Portable VPN Travel Router

Why keep paying for a VPN service when you can have a tiny, lightweight piece of hardware that can provide you with a lifetime of maximum VPN protection?

Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.