Indian game company “LightFury Games” raises 8.5 million USD in funding

Indian game company “LightFury Games” raises 8.5 million USD in funding

author image TDE Desk |

April 18, 2024 at 11:30 PM BST

LightFury Games, an Indian startup, has raised 8.5 million USD in seed capital from venture firms and angel investors. The funding round was led by Blume Ventures, Gemba Capital, and Mixi. The round also saw the participation of other investors, including Kunal Shah’s Cred and Gaurav Munjal’s Unacademy.

According to the founder of LightFury, these funds will go towards developing cutting edge AAA titles that will “put India on the global gaming map”. The initial focus, however, will be on mobile games, which will later be expanded to other platforms, like consoles. They also intend to establish highly advanced and equipped gaming studios in Bangalore and London to streamline their objectives, recruit top talent, and stay up-to-date with the latest technology used in game development.

The startup was founded by former Tencent Games and Unacademy executive Karan Shroff and Tina Balachandran, alongside gaming industry veteran Anurag Banerjee. The startup has also roped in former Improbable and Electronic Arts executive Chong-U Lim as its chief technology officer (CTO), and long-time Improbable executive Daniel Hall as the senior director of engineering.