STAN raises USD 8.5 mn in fresh funding round
PTI
Last Updated:
New Delhi, Jul 31 (PTI) Online gaming platform STAN has raised USD 8.5 million in a new funding round from a clutch of investors, including Japanese gaming firms, Google and Nazara, the company said on Thursday.
The funding round also witnessed participation from existing investors, including General Catalyst, GFR Fund, T-Accelerate Capital, Pix Capital.
'STAN has raised USD 8.5 million in a new funding round with participation from leading Japanese gaming giants, including Bandai Namco Entertainment INC, Square Enix and Reazon Holdings, as well as Google's AI Futures Fund, Aptos Labs," the company said in a statement.
STAN plans to use the fund expand it's presence in India and other mobile-dominant markets, invest in AI-led personalisations and creator tooling, and launch new integrations for publishers and partners looking to build inside gaming-led communities.
'In the last two years, we've grown 25x, purely through product-led growth. This is just the beginning!" STAN Co-founder and CEO Parth Chadha said. PTI PRS TRB
view comments
First Published:
July 31, 2025, 17:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
17 minutes ago
- Time of India
SC stays Madras HC order in Testbook suit against Google Play Store billing
Academy Empower your mind, elevate your skills The Supreme Court on Monday stayed the Madras High Court 's order that allowed continuation of the proceedings on the Testbook Edu Solutions ' petition against Google India Digital Services ' updated payment policies relating to its proprietary Google Play Store A bench comprising Justices JB Pardiwala and R Mahadevan stayed the HC's June 11 order that dismissed Google 's petition filed under Order VII Rule 11 of the Civil Procedure Code, which allows a court to reject a plaint at the initial HC had dismissed Google's contention that Testbook's suit was barred under the Competition Act, 2002, and the Payment and Settlement Systems Act, 2007. The HC had held that Testbook's suit contained contractual issues that fell within its jurisdiction and could not be dismissed on the which operates over 700 mobile applications for government exam preparation, had challenged the search engine giant's Google Play Billing System and User Choice Billing, which mandate service fees ranging from 15% to 30% from application developers. Google's policies amounted to a unilateral novation of its agreement with application developers, and they were contrary to public policy and imposed undue economic duress on the developers, Testbook told the SC that the Testbook's suit was barred under the Competition Act, which expressly ousts civil jurisdiction in respect of matters within the domain of the Competition Commission of India (CCI) and the National Company Law Appellate Tribunal (NCLAT). Further, the allegations concerning the Payment and Settlement Systems Act are solely within the purview of the Reserve Bank of India (RBI), as the sectoral regulator, it counsel Harish Salve, appearing for Google, said that the single judge of the HC held that the plaint filed by Testbook is maintainable despite the Division Bench of the same HC conclusively ruling that identical claims by other similarly placed parties were barred under Section 61 of the Competition Act, 2002, and the Payment and Settlement Systems Act, 2007.'The impugned judgment is therefore an outlier decision, rendered contrary to binding precedent, which should be corrected by the SC. It also implicates important issues of principle, including the exclusive scope of the powers of two specialist regulators: the Competition Commission of India and the Reserve Bank of India, conferred by statute. Not only are these exclusive powers important as a matter of regulatory coherence and principle, they also exist to avoid fragmented or inconsistent outcomes and floods of individual suits concerning the same contract: one which the CCI is in fact already examining in a pending investigation,' Google stated in its objected to the maintainability of the connected suits under Order Vll Rule 11 of the Code of Civil Procedure, saying the Division Bench had upheld the rejection of the connected suits filed by similarly placed mobile app developers, explicitly holding that claims stemming from allegations of abuse of dominant market position fall exclusively within the jurisdiction of the CCI and not that of the civil courts on account of Section 61 of the Competition Act.'The Testbook plaint is materially identical in its allegations, reliefs, and cause of action to these previously rejected connected suits, particularly the plaint filed by another app developer, Nasadiya Technologies,' the tech giant stated.
Hindustan Times
an hour ago
- Hindustan Times
DLF aims over ₹10k cr rental income in medium term from commercial assets: Chairman Rajiv Singh
New Delhi, Aug 4 (PTI) India's biggest realty firm DLF has set an "ambitious" target to cross annual rental income of ₹10,000 crore in medium term from the company's commercial properties, its Chairman Rajiv Singh said on August 4. Chairman Rajiv Singh said on August 4 that the company's annuity portfolio, encompassing offices, retail and hospitality, continues to exhibit steady growth. (Photo for representational purposes only)(HT Photo) At present, the DLF Group has an annuity portfolio (primarily office complexes and shopping malls) of around 46 million sq ft with an annual rental income of over ₹6,000 crore. Addressing shareholders at DLF's 60th Annual General Meeting (AGM), Singh said the company during 2024-25 fiscal delivered a strong performance, achieving robust growth across both housing development and rental (of commercial properties) businesses. He said the company's annuity portfolio, encompassing offices, retail and hospitality, continues to exhibit steady growth. The chairman informed that new buildings in 'Downtown Gurugram' and Chennai project are completed. Additionally, three new retail properties are set to open in the near future, further strengthening its portfolio. "We remain equally excited and committed to grow our annuity portfolio and have set an ambitious target for ourselves to cross annual rental revenues of ₹10,000 crore in the medium-term," Singh told shareholders. On residential business, the chairman highlighted that the DLF achieved a record sales booking of ₹21,223 crore, with a year-on-year growth of 44 per cent. The company's latest housing project, 'West Park', in Mumbai has been equally well-received, he added. "We have a strong and identified pipeline of new products across geographies for our development (housing) business which is expected to deliver healthy gross margins and generate significant cash surplus for your company," Singh said. The chairman also spoke about India's economic growth. "India's economy has demonstrated remarkable resilience amid global uncertainties and slowing growth. India stands out as a global beacon of economic progress. The 'Make in India' initiative, coupled with sustained structural reforms, creates substantial opportunities for growth," Singh said. He noted that India's economic growth is driven by young population, an expanding middle class, rapid urbanisation, rising disposable incomes and growing aspirations. Singh said the company is well-positioned to capitalise on these opportunities.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
SC stays Textbook Edu's plea against Google in billing policy case
The Supreme Court on Monday stayed a Madras High Court order that had dismissed Google India's plea against Textbook Edu Solutions. A bench of Justices JB Pardiwala and R Mahadevan was hearing Google's appeal against the Madras High Court order of June 11. The High Court had dismissed Google's request to reject a plea by Textbook Edu Solutions challenging Google's new user choice billing policy. The policy required all app developers to use its Google Play Billing System (GPBS) for all transactions, including paid app downloads and in-app purchases. The developers claimed they were charged a commission ranging between 13% and 15%. Although the High Court had dismissed 13 similar suits moved against Google in the past, it refused to reject Textbook Edu's plea, stating that it did not concern Google's superior bargaining position but rather the bilateral contracts between the parties. The High Court had also rejected Google's argument that the issue should be addressed by the Competition Commission of India (CCI).
