Bombay Play, a Mumbai-based social gaming startup has raised $1 million in seed funding from Lumikai, India's first gaming and interactive media fund. The startup will use this funding to accelerate product development on multiple live, social, multiplayer and strategy card games while doubling its current early results. It will also focus on existing properties, like Card Party, a game that has been downloaded over 10 million times.
The funding round was carried out by and opened exclusively for Lumikai who will join existing investors Playco and Leo Capital. Founded in 2017 by Oliver Jones and Abhas Saroha, Bombay Play is a gaming developer that specializes in casino games. Jones has worked in studios like Glu Mobile and Zynga, and co-founded Moonfrog Games, which developed Teen Patti Gold card game and has also worked with travel portal MakeMyTrip.com. Read Also Edtech 2020: Funding surge, WhiteHat Jr-led coding growth, new unicorns, M&As, and more.
In June company has raised 1.5 million dollars in pre-series A funding from venture capital company Leo Capital and angel investor Ramakant Sharma, Co-founder of Livspace. Justin Waldron, co-founder of Zynga and Playco, who recently raised $100M to $1 billion in Series A valuation also joined the Board of Bombay Play.
Commenting on the investment round, Bombay Play CEO and co-founding Oliver Jones said in a press release shared by Lumikai, “Multiplayer games are the future of social networking with hit social games like ‘Ludo King’, ‘Among us’ and ‘Animal Crossing’ proving that the market is ripe for games that bring friends, family and strangers together online. Lumikai’s investment is a great validation for us, given the fund’s sector focus and expertise.”