Lila Games raises $10M round for free-to-play mobile game studio in India

Lila Games

F2P gaming startup LILA Games raised $10 million in Series A led by Rainfall where BITKRAFT Ventures, Galaxy Interactive, Sequoia Capital, and KRAFTON and angel investors including Ryan Wyatt, CEO of Polygon Studios, Tanay Tayal, cofounder and CEO of Moonfrog Labs, and Thomas Vu, producer of Arcane: League of Legends also participated.

LILA Games is a company that creates mobile games. It aims to create highly emotional game goods and is currently working on a one-of-a-kind FPS shooter. The gaming company will use the funding to produce its first game and expand its India-based workforce. It also aspires to establish an Indian gaming ecosystem capable of producing high-impact game goods. According to the company, it has grown from 250K users in November 2020 to over 5 million users in 2021.

Executive Opinion

"We strongly believe that the emergence of India as an upcoming global leader in gaming, and its potential to develop best-in-class talent in the F2P gaming industry will give us long-term structural advantage” Lila Games CEO Joseph Kim.

“Very rarely have I seen a team that is so obsessed with building a company around a vision with culture first and a level of executional excellence that stands best in class. Lila’s first game ‘BLACK’ will redefine the mobile shooter genre, which I can say with certainty and excitement while I witness the game coming together,” said Jens Hilgers, Founding General Partner at Bitkraft Ventures.

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Startups

Lila Games raises $10M round for free-to-play mobile game studio in India

Tags : Lila Games,Lila Games funding,Lila Games news

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