Gaming startup Bombay Play raises $7M funding in Series A

Bengaluru-based social multiplayer gaming startup Bombay Play has raised $7 million in its Series A funding round. The round was led by Kalaari Capital and participation from existing investors, including Lumikai Fund, Leo Capital, and PlayCo. Few new investors also participated, like Winzo, AdvantEdge VC, and AMEA Ventures.

Bombay Play will utilize the fresh capital in the following ways-

to scale its existing ‘hypersocial’ game offerings,
support upcoming projects,
innovation in the segment.

As per the startup, it is a game publisher pioneering the hyper social gaming genre and has created various popular games like Dice Merge Puzzle, Card Party, and Daily Word Puzzle. Bombay Play claims to have over 40 million players worldwide.

The company has now raised over $9.5 million in the capital, and the latest financing has more than quadrupled the valuation of its Pre-Series A round in 2020.

Bombay Play is a Bengaluru-based startup that was founded by Oliver Jones and Abhas Saroha in the year 2018. The startup claims to have grown 3 times YoY (year-over-year) since the time it came into existence. Currently, they are employing 50 people and are planning to double the number in its headcount by the end of FY 2022.

EXECUTIVE OPINION:

Oliver Jones, CEO of Bombay Play, said, “Since the inception of Bombay Play, our aim has been to create games that you can play with your friends seamlessly. Our team’s ambition is to disrupt the current casual games market with hypersocial game designs by leveraging our cross-platform distribution channels. We are delighted to have found the confidence of investors in our journey to build a gaming innovation factory in India. With the amount raised, we will scale up existing offerings while investing in cutting-edge technologies to elevate the social experience of casual gamers worldwide .”

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Gaming startup Bombay Play raises $7M funding in Series A

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