LightFury Games, a promising gaming startup co-founded by former Unacademy chief marketing officer Karan Shroff, has secured a significant $8.5 million in seed funding. The investment round was led by Blume Ventures, showcasing a growing interest from investors in local gaming studios.
In addition to Blume Ventures, Japanese mobile entertainment firm Mixi and micro venture capital firm Gemba Capital also participated in the funding round. Notable angel investors such as Cred founder Kunal Shah and Unacademy co-founder Gaurav Munjal also contributed to the investment.
The gaming studio, founded in January 2024 by Shroff, along with former Unacademy and Tencent Games executive Tina Balachandran and gaming industry veteran Anurag Banerjee, aims to develop high-quality AAA titles with an initial focus on mobile games. The team plans to expand to other platforms, including consoles, in the future.
The funds raised will not only support game development but also help establish game studios in India and the UK. The company intends to recruit top talent for these studios to drive innovation and growth in the gaming industry.
India’s gaming sector is witnessing a surge in interest and investment, with local studios like LightFury Games aiming to create ambitious and complex games. The country’s potential as a global gaming hub has attracted attention from international gaming giants and funds, further fueling the growth of the industry.
With the gaming market in India projected to reach new heights, the investment in LightFury Games signifies a significant step towards establishing a strong presence in the gaming industry. The founding team’s expertise and vision for the future of gaming in India have garnered support from investors and industry experts, setting the stage for exciting developments in the gaming landscape.