18 April 2024 — Gaming startup LightFury Games announced securing $8.5 million in its first fundraising round, led by Blume Ventures and other prominent investors.
The company plans to utilize the funds to develop AAA titles and attract top talent for their studios located in India and the UK.
AAA games, renowned for their high-quality standards, are typically produced by leading gaming studios with substantial financial and technical capabilities.
Karan Shroff, CEO and Co-Founder of LightFury Games emphasized the growing gaming market in India and the strategic timing for their entry. He expressed the company’s intention to hire top-tier talent and elevate India’s presence in the global gaming arena.
Apart from Blume Ventures, key investors in this funding round include MIXI, Gemba Capital, and prominent individuals like Kunal Shah and Gaurav Munjal. The participation of industry veterans and gaming enthusiasts signifies strong support for LightFury’s vision.
LightFury Games was founded by Karan Shroff, gaming industry veteran Anurag Banerjee, and Tina Balachandran, a former executive at Unacademy and Tencent Games. Their collective expertise and experience contribute to the startup’s strategic direction and growth.
Conclusion:
With substantial funding and a focus on AAA titles, LightFury Games aims to push boundaries in gaming innovation, tapping into India’s growing gaming market and leveraging top talent to position India as a global gaming hub.
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