Bombay Play raises US$ 1.5 million in pre-Series A funding from Leo Capital
- IBEF
- June 25, 2020
Bombay Play, a gaming company, has raised US$ 1.5 million in pre-Series A funding led by venture capital firm Leo Capital and angel investor Mr Ramakant Sharma, the founder of Livspace.
The company plans to use these funds to hire gamemakers in India and expand internationally, said Bombay Play in a statement.
“India is on a rocket ship trajectory to becoming one of the top game development hubs of the world. We are building a team that has the vision and energy to deliver world-class titles that will compete with the best,” MR Oliver Jones, CEO of Bombay Play, said.
Bombay Play was founded by gaming space entrepreneurs Mr Abhas Saroha and Mr Jones. Mr Jones had previously co-founded Moonfrog Labs and directed games at Glu Mobile and Zynga whereas Mr Saroha led engineering at Zynga, Moonfrog Labs, and Makemytrip.
“India has emerged as one of the top gaming hubs of the world within a matter of years. In a young country with half of the population below the age of 25, a company like Bombay Play has the potential to bring in fresh and exciting gaming content. We hope that this investment will help them in bettering their capabilities and collaborating with the best gaming talent around the world,” Mr Dinesh Singh, Venture Partner Leo Capital, said.
Leo Capital, which focusses on early-stage technology investments, has a portfolio of 19 companies since its launch in 2017. These consist of start-ups such as cross browser testing company Lambdatest, freight management SaaS company GoComet, video-based consumer shopping app Bulbul.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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