Bangalore-based mobile gaming startup, Mech Mocha has raised an undisclosed amount of funding from Blume Ventures and Flipkart. The raised funding will be used to scale up team and build multiple games for the Indian market as well as develop a back-end platform which would include social and payments solutions for their games.
Founded by Arpita Kapoor, Mohit Rangaraju and Shilp Gupta, Mech Mocha’s first game was ‘Puppet Punch’, which the company claims that it clocked 100,000 downloads in its first four days of launch earlier this year.
“We have over 400,000 installs and growth is accelerating as smartphone sales increase in India. We are working on more payments options to shore up revenues. Our major growth drivers would be the tier II & tier III cities. Therefore, we are focusing on mass Indian gaming segments with precise focus on popular culture, local text gratifications in Hinglish and many other India-inspired assets,” said Arpita Kapoor, co-founder and CEO at Mech Mocha.
At present, the company claims that it is witnessing transactions worth $1,000 every day on its platform.
Blume Ventures and Flipkart had also invested in MadRat Games in November 2014, a Bangalore-based toys and games maker, which raised $1 million. Other gaming startups that have been funded include Moonfrog Labs, which raised $15 million from US-based venture capital firms Sequoia Capital and Tiger Global and Octro Inc. which was also backed by Sequoia Capital. Indian online gaming industry is expected to be $3 billion by 2018 from its present size of less than $1 billion.Category Investments News