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 ......
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 ......
Deals Digest: Funding value slips after three weeks but healthcare buyouts shine
Private equity and venture capital investments nosedived this week after three weeks of steady growth as cumulative deal value failed to breach the $100 million-mark. Similarly, deal volume also dipped significantly this week, with only 17 deals recorded in the five-day period, as compared to the previous week wherein 23 deals ......
Grapevine: HDFC Bank arm plans credit fund; Macquarie gets offers for Vibrant Energy
A subsidiary of private-sector lender HDFC Bank is looking to raise as much as $2 billion for a real estate private credit fund, a media report said. HDFC Capital Advisors Ltd is planning to raise $1 billion, with an option to keep an additional $1 billion in case of oversubscription, Bloomberg reported, citing people close to the matter. The report said that ......
Former Robosoft executive floats gaming-focussed venture fund
Former Robosoft Technologies executive Shylaja Rao has set up a venture capital firm that is raising a maiden fund to invest in early-stage gaming startups, an emerging opportunity in the country with a population of nearly 1.4 billion. Rao, who was Chief Operating Officer at Robosoft and part of its ......
How Indian micro-VC ecosystem grew despite funding winter in 2022
A few years ago, it was either angel investors or friends and family who first wrote a cheque to an early-stage startup. However, as the ecosystem grew, new players like micro venture capital funds have entered the playground, thus increasing demand for investment in newer platforms. In recent times, several micro-VCs ......
Venture capital deals value falls over 60% in Q2 after a record Q1
Venture capital deal value fell over 60% in the April-June quarter sequentially after hitting a record high during the first quarter of this calendar year. According to VCCEdge, the data and intelligence platform of VCCircle, venture deal value declined to $7.11 billion in April-June from $11.38 billion quarter-on-quarter, the highest-ever ......
Investors rush for web3 gaming in funding winter
Web3 gaming companies in India saw robust investor interest this calendar year even as cryptocurrencies plunged to near all-time lows. Such firms produce blockchain-powered games with play-to-earn (P2E) models, where players are rewarded with crypto tokens for either participating or winning. In-game items in such games are often sold and ......
Indian gaming platforms sprint ahead despite regulatory, tax hurdles
A looming threat of bans and increased taxation may stem the growth of online gaming firms in India. These firms, most of which deal in real money gaming (RMG), have been growing at a fast pace over the past year even as the legality of RMG has been contested in ......
Two PE firms emerge as frontrunners for Dream11 stake
Two US-based institutional investors have emerged as frontrunners to invest in fantasy sports platform Dream11, two people privy to the development told VCCircle. US private equity firms TPG Capital and Insight Partners (previously known as Insight Venture Partners) are said to be leading the race to join the gaming unicorn as ......
