Latest news with #Skycatcher
Entrepreneur
4 days ago
- Business
- Entrepreneur
Game Developer SuperGaming Raises USD 15 Mn in Series B Round
Funding led by Skycatcher and Steadview Capital will also support expansion of the company's SuperPlatform for large‑scale multiplayer games. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. SuperGaming, a leading game developer, has secured USD 15 million in a Series B funding round led by existing investors Skycatcher and Steadview Capital. Additional participation came from global strategic investors such as a16z Speedrun, Bandai Namco 021 Fund, Polygon Ventures, Neowiz, GFR Fund, IVC Japan, and several individual backers including Polygon cofounder Sandeep Nailwal. The company stated that the funds will be used to roll out its Indo‑Futuristic battle royale title "Indus" internationally, beginning with Latin America in collaboration with Brazilian esports organisation Investment will also support expansion of its proprietary game development and publishing technology, particularly its cloud‑based SuperPlatform, designed for building and managing large‑scale multiplayer games. Roby John, CEO and Co-founder of SuperGaming, said, "We are at an inflection point where India's role in gaming evolves from a consumer market to a driving force in innovation." John added that "Indus Battle Royale" represents the scale and quality the studio can achieve, while the broader aim is to provide technology that empowers game developers worldwide. SuperGaming was founded in 2017 by Navneet Waraich, Sanket Nadhani, Avinash Pandey, Sreejit Jayanthan, and Roby John. The company operates from Pune and Singapore and employs more than 120 people. Its portfolio includes popular mobile titles such as MaskGun, Tower Conquest, Battle Stars, and Silly Royale, which collectively have over 200 million downloads. SuperPlatform, developed in partnership with Google Cloud, is one of the company's most significant assets. It offers tools for live game operations, telemetry, analytics, monetisation, and social features, targeting developers in emerging markets who may not have access to advanced backend technology. The platform supports both Web2 and Web3 games. SuperGaming has also been active in blockchain gaming. Through a partnership with B3 GameChain, a gaming‑focused Layer‑3 blockchain built on Base, the firm enables interoperability and digital asset ownership for players. Silly Royale, one of its flagship games, is live on SuperGaming's own Layer‑3 chain powered by B3. Bandai Namco 021 Fund investor Natsuhiro Maruyama said the partnership combines Bandai Namco's global intellectual property expertise with SuperGaming's understanding of the Indian gaming market, creating opportunities for growth in India and internationally. Industry observers note that India's gaming sector is expanding rapidly. Market research estimates project annual revenue of USD 9.2 billion by the 2029 financial year. SuperGaming reported revenue of INR 43.4 crore for the fiscal year ending March 2024, with a net profit of INR 3.9 crore. With the fresh funding, the company plans to accelerate its game launches in Latin America and the Middle East, strengthen its development capabilities, and continue building infrastructure to support large‑scale, community‑driven multiplayer games.
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Business Standard
4 days ago
- Business
- Business Standard
SuperGaming raises $15 mn in fresh funding at 5 times higher valuation
Homegrown online gaming company SuperGaming has raised $15 million in a fresh funding round at nearly five times the valuation of its previous round around 4 years ago, a top official of the company said on Wednesday. SuperGaming CEO and Co-Founder Roby John told PTI that the company had raised $5 million at a valuation of $21 million in 2021. The fresh funds have been raised at an enterprise valuation of about $100 million, he added. The fresh funding round was led by Skycatcher and Steadview Capital, with support from global strategic investors such as a16z Speedrun, Bandai Namco 021 Fund and Neowiz, as well as notable Web3 Investors, including Polygon Ventures. The round also saw strong participation from Web3 ecosystem pioneers like Polygon Ventures, Sandeep Nailwal, 4th Revolution Capital, 32-Bit Ventures, Ryze Labs, Ed3n Ventures and Visceral Capital. Existing investors SkyCatcher, AET Japan, and BACE Capital also participated in the new round. The maker of Indian shooting games MaskGun and Indus Battle Royale plans to use the funds for global expansion, targeting game developers and publishers in emerging markets who lack resources to build comparable proprietary backend technology. John said that the company has adopted a hyper-local strategy to develop games reflecting under-represented cultures in other parts of the world, including the Middle-East and Latin America. The company plans to initially launch the game in Latin America in partnership with "We see a market of $5 to 7 million from the business Indus is doing, but in the emerging markets, revenues are expected to be 3 times better than what we do inside of India. In markets like Brazil or even in Europe, we are seeing that monetisation is 3 to 5 times better," John added. In a statement issued by Supergaming on the fundraise, Skycatcher Founder & Fund Manager, Sia Kamalie said that the firm led SuperGaming's Series A round in 2021 and is now leaning into their original thesis with a recent financing round.
Time of India
4 days ago
- Business
- Time of India
SuperGaming raises $15 million in fresh funding at five times higher valuation
SuperGaming CEO and cofounder Roby John told PTI that the company had raised $5 million at a valuation of $21 million in 2021. The fresh funds have been raised at an enterprise valuation of about $100 million, he added. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Homegrown online gaming company SuperGaming has raised $15 million in a fresh funding round at nearly five times the valuation of its previous round around 4 years ago, a top official of the company said on CEO and cofounder Roby John told PTI that the company had raised $5 million at a valuation of $21 million in fresh funds have been raised at an enterprise valuation of about $100 million, he fresh funding round was led by Skycatcher and Steadview Capital, with support from global strategic investors such as a16z Speedrun, Bandai Namco 021 Fund and Neowiz, as well as notable Web3 Investors , including Polygon round also saw strong participation from Web3 ecosystem pioneers like Polygon Ventures, Sandeep Nailwal, 4th Revolution Capital, 32-Bit Ventures, Ryze Labs, Ed3n Ventures and Visceral investors SkyCatcher, AET Japan, and BACE Capital also participated in the new maker of Indian shooting games MaskGun and Indus Battle Royale plans to use the funds for global expansion, targeting game developers and publishers in emerging markets who lack resources to build comparable proprietary backend said that the company has adopted a hyper-local strategy to develop games reflecting under-represented cultures in other parts of the world, including the Middle-East and Latin company plans to initially launch the game in Latin America in partnership with see a market of $5 to 7 million from the business Indus is doing, but in the emerging markets, revenues are expected to be 3 times better than what we do inside of India. In markets like Brazil or even in Europe, we are seeing that monetisation is 3 to 5 times better," John a statement issued by Supergaming on the fundraise, Skycatcher Founder & Fund Manager, Sia Kamalie said that the firm led SuperGaming's Series A round in 2021 and is now leaning into their original thesis with a recent financing round. PTI
