Lumikai backer MIXI sets up $50 mn India-focussed corporate VC arm
Japanese mobile entertainment company MIXI Global Investments Inc., which is a limited partner in gaming-focused venture capital firm Lumikai, has set up an India-focused corporate venture capital firm. The VC firm will invest $50 million (around Rs 413 crore) in early-stage entertainment and consumer services startups in the country. It will serve as an investment vehicle for ......
Ranjan Pai checks into Brij Hotels; Sprih, three others nab funding
Hospitality firm Brij Hotels, climatetech startup Sprih, audio content platform Vobble and business-to-business (B2B) manufacturing startup Relso said Tuesday they have secured early-stage funding. Brij Hotels Brij Hotels said it raised $4 million (Rs 33 crore) in a Series A funding round led by the Manipal Education & Medical Group (MEMG) Family Office. ......
Lumikai hits halfway mark in first close for new fund
Early-stage gaming-focused venture capital firm Lumikai, which has backed startups like All Star Games, Loco, Crater, Eloelo, Studio Sirah, Bombay Play and CloudFeather Games, has hit the first close of its latest vehicle which will look to invest in pre-seed to series A rounds of gaming and interactive media firms ......
Vidyut, AutoVRse raise early-stage funding
E-mobility startup Vidyut and virtual reality startup AutoVRse raised early-stage funding, the companies said on Tuesday. Vidyut Vidyut has raised $10 million (Rs 83 crore) in a Series A funding round led by 3one4 Capital. The round also witnessed participation from new and existing investors--Saison Capital, Zephyr Peacock, Force Ventures, venture debt ......
India’s e-sports market may triple by 2027: Lumikai-AWS
E-sports industry in India has been gaining momentum with more and more players joining in and so the market is projected to more than triple in size by 2027, says a joint report by gaming-focused venture fund Lumikai and Amazon’s cloud services arm AWS. The Indian e-sports space grew to ......
Lumikai, Fireside Ventures back gaming startup Giga Fun Studios
Bengaluru-based gaming startup Giga Fun Studios has raised $2.4 million in a seed round led by interactive media-focused fund Lumikai, with participation from Fireside Ventures. According to a statement, the round also saw participation from All In Capital, Kettleborough VC and Riverwalk Holdings. Founded by Krishnendu Mukherjee (former MPL and Zynga executive), ......
Lumikai's take on the Indian gaming landscape
Gaming-focused venture fund Lumikai, which has backed platforms like Loco sees opportunities to create category leaders across the domestic gaming landscape spanning from content and platform to tools/infrastructure and frontier tech like Web 3.0 in India, a top executive told VCCircle. Salone Sehgal, founder at Lumikai, believes there is already an ......
Game maker Studio Sirah taps Kalaari, Lumikai
Bengaluru-based game maker Studio Sirah has raised $2.6 million (around Rs 21.2 crore) from Kalaari Capital and Lumikai in a pre-Series A capital raise. The startup will use the fresh funds to launch its flagship gaming title ‘Kurukshetra: Ascension’ and to develop second gaming title as well. Founded by Abhaas Shah ......
Mixi’s Tomoharu Urabe on the company’s first VC fund outside Japan and India roadmap
Japan-based mobile entertainment major Mixi set up an India-focussed corporate venture capital arm earlier this month, its first such fund outside the home market. With an initial corpus of $50 million (around Rs 415 crore), Mixi’s vehicle will look to invest in 30 Indian gaming and entertainment companies over the next ......
Gaming, interactive media-focussed Lumikai floats VC fund
Lumikai, a New Delhi-based venture capital firm focussed on gaming and interactive media, has floated an early-stage fund to back local companies. The fund has also hit the first close, Lumikai said in a statement. The fund says it is backed by investors from across the world, including gaming and technology ......
