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Funstop Video games has raised $5 million in a sequence A funding spherical led by 360 ONE Asset and InfoEdge Ventures.
In response to The Financial Occasions, informal video games studio will use the brand new funds to speed up its improvement efforts, construct its ad-tech capabilities and broaden its portfolio.
Each 360 ONE and InfoEdge have doubled down on their funding in Funstop after a earlier spherical to assist the India-based firm attain its subsequent part of development.
Based mostly in Delhi, India, Funstop Video games has developed a number of cellular titles together with Shri Ram Mandir Sport which the corporate says has surpassed 25 million downloads. The studio can be house to Vande Bharat Specific and Excellent Time cellular video games.
Speedy enlargement plans
“India’s gaming business is on the cusp of worldwide recognition, and Funstop Video games is right here to drive that momentum,” mentioned Funstop co-founder Tamesh Sharma.
“This funding offers us the sources to scale our operations, broaden our portfolio, and produce uniquely Indian storytelling to a world viewers.”
Co-founder Prashanth Vijay added: “With 360 ONE Asset coming onboard, we intention to be really international with fast enlargement throughout the genres and doubling down on the India development story.”
“The 360 ONE Asset crew would usher in a depth understanding concerning the gaming ecosystem, a playbook on international enlargement and most significantly the know-how on scaling up quickly, making them very best companions for us at this stage.”
