LightFury Games, a gaming startup launched by former chief marketing officer of Unacademy, Karan Shroff, on April 10 via LinkedIn, has secured $8.5 million in a seed funding round led by Blume Ventures, Mixi and Gemba Capital. Other investors such as Cred founder Kunal Shah and Unacademy CEO Gaurav Munjal also participated in the round.
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The startup plans to utilize the new capital to develop AAA games in India and will initially focus on mobile gaming before expanding to other platforms, including consoles.
Creating successful AAA titles in the Indian market and establish a Tencent-like presence originating from India is what we are excited to bring to the fore. It would necessitate building the finest expertise and leveraging state-of-the-art technological innovations to ensure top-tier gameplay quality.
Karan Shroff, Co-founder, LightFury GamesLightFury Games, cofounded by Shroff, Anurag Banerjee, who also serves as its chief product and technology officer, and Tina Balachandran, previously senior vice president at Unacademy, aims to establish game studios in India and the UK while recruiting top talent.
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India is now the largest gaming market in the world, boasting a user base of 568 million gamers and over 9.5 billion gaming app downloads in 2023.
India contributes approximately 20% of the world’s total mobile game downloads, surpassing the combined download totals of the United States and Brazil.