Latest news with #SuperGaming
Economic Times
07-08-2025
- Business
- Economic Times
Darwinbox eyes OTPP purse; Middle East calling for Indian startups
Happy Thursday! Darwinbox is looking to tap Ontario Teachers' Pension Plan for fresh capital. This and more in today's ETtech Morning Dispatch. Also in the letter: ■ Amber's Mysuru plant ■ Infosys' AI centre■ Kaynes Sanand OSAT Canada's OTPP in talks to invest in Darwinbox; valuation may hit $1 billion: Sources (L-R) Jayant Paleti, Chaitanya Peddi and Rohit Chennamaneni, cofounders, Darwinbox Canadian pension giant Ontario Teachers' Pension Plan (OTPP) is on the verge of snapping up a stake in the human resources SaaS unicorn Darwinbox. Deal details: The $50-million transaction is mainly a secondary sale. The company is likely to be valued at over $1 billion on a blended basis, taking in account the pricing from both primary and secondary share transactions. Peak XV Partners, an early backer, will trim its stake, pocketing a tenfold return on its initial bet. Funding history: Darwinbox was last valued at $1 billion in 2022, following a $72 million funding round led by Netflix-backer TCV. In March this year, it raised $140 million, almost entirely via secondary sales. That round brought private equity majors KKR and Partners Group onto its cap table, while Lightspeed and a few early investors partially cashed out. Zoom out: Darwinbox is one of OTPP's big HR-SaaS investments in the Asia-Pacific region. In July 2024, it co-led, alongside KKR, a $140-million funding round in Japan's in Darwinbox has surged since the March round, a person familiar with the matter told us. The company is now closing in on $100 million in annualised recurring revenue, a key milestone. SuperGaming raises $15 million in fresh funding at five times higher valuation Roby John, cofounder, SuperGaming Pune-based gaming company SuperGaming has bagged $15 million in a funding round led by existing investors Skycatcher and Steadview Capital, catapulting its valuation to $100 million. Deal details: The round combines fresh capital with bridge investments made since its last raise of $5.5 million in October 2021. The company was then valued at around $21 million, founder Roby John told us. Global gaming and Web3-focused funds, including a16z's Speedrun, Bandai Namco's 021 Fund, and Polygon Ventures, also participated. Fashion brand Outzidr nets $3.1 million in fresh round (L-R) Justin Mario, Nirmal Jain, Manikant Mani, cofounders, Outzidr Gen Z women-focused fashion brand Outzidr has secured $3.1 million in funding led by early-stage venture capital firm RTP Global. Existing investor Stellaris Venture Partners also participated in the latest round. The funds will be used for expansion, opening offline stores, and initiating quick deliveries. Also Read: Spacetech startup Xovian raises $2.5 million to build radio frequency satellites Middle East new stomping ground for Indian venture funds, startups Venture capital firms and startups from the country are setting their sights on the Middle East, as the region looks to shed its old image as a land of oil rigs and pipelines. Tell me more: Stellaris Venture Partners and Blume Ventures have tapped Middle Eastern money for fresh funds. Other VC firms, including Ideaspring Capital and Java Capital, are scouting for deals. Early-stage venture fund 100Unicorns picked Abu Dhabi for its first global foray in December 2024, while cricketer Shikhar Dhawan's VC arm, Yashaa Global Capital, already made the emirate its base. Shoring up: Indian startups are also building a presence. Beauty retailer Nykaa runs UAE subsidiaries, and fintech player InCred snapped up Dubai-based Arrow Capital. Number-wise: Indian startups raised about $200 million from Middle Eastern investors in 2024, according to Venture Intelligence. They now make up nearly 30% of Dubai's tech startup community, ET reported earlier. But why? The pull is clear. Dubai International Finance Centre provides credibility and access to regional capital. Golden visas and a low-tax regime sweeten the deal. Add to that substantial investments in AI infrastructure, and the Gulf is becoming a natural hub for Indian startups specialising in deeptech, financial services, AI, and even cryptocurrency. In other words, the desert, it seems, is no longer barren for India's venture playbook. Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and employees. The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Interested? Reach out to us at spotlightpartner@ to explore sponsorship opportunities. Amber Enterprises earmarks Rs 900 crore chest for Mysuru plant Electronics maker Amber Enterprises is planning to set up a new copper laminate plant in Mysuru. Driving the news: Amber intends to invest Rs 800–900 crore in the new plant. The company has applied under MeitY's electronic component manufacturing scheme, with the deadline extended until September. The company is evaluating the viability of the plant. Tell me more: This initiative aims to boost domestic production of electronic components and sub-assemblies, thereby positioning India as a key player in the global electronics value is already building a Rs 3,200-crore electronics manufacturing plant near the upcoming international airport at Jewar, Uttar Pradesh. Keeping Count Other Top Stories By Our Reporters Infosys opens AI, cybersecurity and spacetech centre in Hubballi: Part of 'Infosys Living Labs', the newly opened centre is a network of over a dozen established centres worldwide designed to help clients accelerate innovation and leverage emerging technologies. Kaynes' Sanand semicon unit to be operational by December: The Rs 3,307-crore outsourced semiconductor assembly and testing (OSAT) plant will deliver the first sample by September 15 and start operations by December, said chief executive Raghu Panicker. The clean room has been established, and equipment and raw materials are arriving, he added. Global Picks We Are Reading ■ Hackers hijacked Google's Gemini AI with a poisoned calendar invite to take over a smart home (Wired) ■ AI could turn your town nuclear (The Verge) ■ Google's AI coding agent Jules is now out of beta (Techcrunch) Updated On Aug 07, 2025, 07:55 AM IST
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Business Standard
06-08-2025
- Business
- Business Standard
SuperGaming raises $15 mn Series B to take Indus Battle Royale global
SuperGaming, a Pune-based game development studio, has raised $15 million in a Series B funding round at a valuation of $100 million. The round saw participation from investors including a16z Speedrun, Bandai Namco 021 Fund, GFR Fund, IVC Japan, Neowiz (Korea), (Brazil), Barings, and Steadview Capital. Web3 ecosystem stakeholders such as Polygon Ventures, Sandeep Nailwal, 4th Revolution Capital, 32-Bit Ventures, King River Capital, Ryze Labs, Ed3n Ventures, Gabby Dizon, Santiago R Santos, Emfarsis, Cristian Manea, and Visceral Capital also participated. The company saw returning backers, including lead investor SkyCatcher, AET Japan, and BACE Capital, invest in the Series B round. The company will also focus on scaling SuperPlatform, developed in partnership with Google Cloud. 'The sophisticated, cloud-based SaaS solution is meticulously designed for building and managing global, hyperscale, real-time multiplayer games for lower-end devices in emerging markets,' the company said in a statement. SuperGaming's portfolio includes games such as MaskGun, Battle Stars, Tower Conquest, and Silly Royale, which together have over 200 million installs. The Indo-futuristic Battle Royale Indus has garnered over 9 million downloads across Google Play Store and the App Store for iOS. SuperGaming was founded by Roby John, Sreejit J, Navneet Waraich, Christelle D'Cruz, and Sanket Nadhani. It has over 120 employees in Pune and Singapore.
Entrepreneur
06-08-2025
- 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
06-08-2025
- 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
06-08-2025
- 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
