Bombay Play Quadruples Valuation in Latest Funding Round | Pocket Gamer.biz

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Bangalore-based Bombay Play raised $7 million in a Series A round, one of the biggest Series A investments to date in an Indian mobile game studio.

Led by Kalaari Capital, other participants in the round included Lumikai Fund, Leo Capital and PlayCo, all three of which are existing investors in the company.

Founded in 2018 by Oliver Jones and Abhas Saroha, the company’s total capital is now over $9.5 million. This is largely due to the latest investment, with this round of funding having more than quadrupled the valuation of its 2020 pre-Series A.

Bombay Play has over 40 million players worldwide in its portfolio of “hypersocial” games, which includes Dice Merge Puzzle, Card Party and Daily Word Puzzle. With this funding, Bombay Play plans to scale existing games and support upcoming projects with a focus on innovation.

An ambition to disrupt the market

“Since Bombay Play’s inception, our goal has been to create games that you can seamlessly play with your friends,” said Bombay Play CEO Oliver Jones.

“Our team’s ambition is to disrupt the current casual gaming market with hypersocial game designs by leveraging our cross-platform distribution channels. With the amount raised, we will expand existing offerings while investing in advanced cutting edge to improve the social experience of casual game players around the world.”

Kalaari Capital Managing Director Vani Kola said: “We have been very impressed with what Oliver and Abhas have been able to accomplish and they are certainly one of the most experienced game entrepreneurs in the country today. We’re very excited about how they’re disrupting the casual gaming industry with their hypersocial model and we’re thrilled to partner with them on this journey.”

In-game advertising company Anzu recently revealed that it raised $20 million in its latest funding round with participation from NBCUniversal and HTC.

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