Funstop Video games, the India-based recreation developer behind Apple App Retailer and Google Play hits Pitstop Supervisor, Airport Rush 3D and Excellent Time, has raised $1.5 million in funding from InfoEdge Ventures.
Funstop relies in Gurugram within the northern Indian state of Haryana and was based by Prashanth Vijay [left] and Tamesh Sharma [right] with figures inserting its titles at over over 50 million downloads and counting, with these video games producing over $4 million in income up to now.
The corporate is planning to make use of this new funding to develop its recreation improvement and advert tech capabilities to strengthen its present portfolio of video games.
Indian traders InfoEdge was based within the early 2000s by Sanjeev Bikhchandani. Early investments embrace Indian corporations equivalent to Zomato and PolicyBazaar and the corporate has partnered with over 60 early-stage start-ups as a part of India’s ongoing tech increase.
“The evolving gaming panorama calls for high-quality video games with partaking gameplay and design. InfoEdge Ventures’ funding supplies the capital to develop IPs with longer income streams, validating our perception within the mixture of knowledge and design,” stated Prashanth, co-founder of Funstop Video games.
Commenting on the funding, Chinmaya Sharma, companion at InfoEdge Ventures, stated: “We’re satisfied that design + information = good video games. At Funstop, too, it was the mixture of Tamesh’s sense of design and gameplay and Prashanth’s understanding of knowledge that made us robust believers in them.”
Yesterday we noticed India’s Nazara Applied sciences increasing into publishing with the intention to higher help native and worldwide builders.
