Indian game development company, SuperGaming has raised $5.5 million in its Series A round from a clutch of investors — Skycatcher, AET Fund (the venture arm of Akatsuki), BAce Capital, Dream Incubator, 1Up Ventures and Monish Darda.
Before this round of funding, the company raised $1.3 Mn in 2019 led by Dream Incubator, Akatsuki Entertainment Technology (AET) Fund, and Better Capital.
The Singapore- headquartered company, which operates out of Pune, will utilise the fresh funds to expand its current 120 member team to over 200 within a year from now.
Founded in 2019 by Roby John, Navneet Waraich and Sanket Nadhani, SuperGaming is a multiplayer game where users can challenge their friends. It has built many mobile games like MaskGun, Devil Amongst Us, and Tower Conquest.
Apart from just building mobile games, it has also invested enormously in the construction of its gaming engine for running hyper-scale, real-time multiplayer games that included the official PAC-MAN game.
In addition to this, Super gaming has also built ‘Bored’, a set of games for remote teams that is now popular in over 2500 Slack workspaces worldwide especially across the US, UK and India.
Sia Kamalie, Founder and Fund Manager of Skycatcher, said, “India is easily the most exciting single market for gaming in the next decade and is developing at an extraordinary pace on the ground.”
As per the company, in the starting nine months of 2020, it saw 7.3 Bn installs. In which India topped the list with the highest number of game downloads worldwide by contributing 17% market share of the installs worldwide. And this is projected to grow at 40% CAGR over the next decade.
According to a KPMG report, The Gaming industry is likely to see a rapid rise from the current INR 43.8 Bn to INR 118.8 Bn by 2023, at a growth rate of 22.1%.
The company built game ‘MaskGun’ has crossed 50 million installs while ‘Devil Amongst Us’ reached 10 million installs after four months of launch. The company is said to have registered 40% revenue growth year-on-year.