LightFury Games, an emerging gaming company in India, today announced the successful closure of its maiden fundraising round, securing a total investment of USD 8.5 million. The round was led by Blume Ventures and other prominent investors including MIXI, Gemba Capital, and Angels, with participation from notable individuals such as Kunal Shah, and Gaurav Munjal.<\/p>\n
Founded\u00a0by\u00a0Karan Shroff, former Chief Marketing Officer (CMO) and Partner of Unacademy,\u00a0Anurag Banerjee, gaming industry veteran and\u00a0Tina Balachandran, former Executive of Unacademy and Tencent Games,\u00a0Lightfury is poised to revolutionize the gaming landscape in India.\u00a0<\/p>\n
Together, they aim to create high-quality AAA titles with an initial focus on mobile gaming and gradually expand into other gaming platforms including consoles. Building a long-lasting and sustainable business that creates the world\u2019s most-loved gaming products will be the cornerstone of LightFury Games.\u00a0<\/p>\n
Karan Shroff, CEO and Co-Founder of LightFury Games said, \u201cI am thrilled to be joining hands with bonafide leaders and industry veterans to launch LightFury Games. The size of the gaming market in India is on the rise and it is an excellent time for us to bring our expertise into the industry. We intend to utilize the capital to focus on developing high-quality cutting-edge AAA titles in India, establishing our game studios in both India and in the UK; and hiring top-tier talent in the country to put India on the global map.\u201d\u00a0<\/p>\n
Shroff further emphasized the significance of creating AAA titles in the Indian market, stating, \u201cCreating successful AAA titles in the Indian market and establish a Tencent-like presence originating from India, is what we are excited to bring to the fore.\u201d He continued, \u201cIt would necessitate building the finest expertise and leveraging state-of-the-art technological innovations to ensure top-tier gameplay quality.\u201d\u00a0<\/p>\n
Anurag\u00a0joins as Co-Founder and CPTO, bringing expertise from studios like Ubisoft, Rocksteady Studios, WB Games Montreal and Improbable. Having built and shipped many Billion Dollar Titles, Anurag\u2019s gaming prowess has already left a significant impact with multiple titles under the Assassin\u2019s Creed franchise and Batman: Arkham franchise, his most recent AAA title being Suicide Squad-Kill the Justice League. Besides these, Anurag has also successfully shipped several other AA and AAA games in his journey.\u00a0Tina,\u00a0previously Senior VP at Unacademy and HR Director at Tencent Games, joins LightFury Games as Co-Founder and Chief People and Operations Officer. With a track record of scaling organizations and leading cultural initiatives, Tina brings invaluable expertise to LightFury Games. Her extensive experience in the gaming sector played a pivotal role in Tencent\u2019s expansion in India.<\/p>\n
Karthik Reddy, Co-Founder and Managing Partner at Blume Ventures said, \u201cWe\u2019ve known Karan and his passion towards work since his Unacademy days, we discovered a drive in him for translating this to a AAA gaming studio, thought through from an Indian lens. The ability to piece together the talent and bring in believers from the gaming and consumer universe make it one of our most exciting investments we\u2019ve made in this space.\u201d<\/p>\n
AAA games, known for their high level of polish and quality, are developed and published by top-tier game development studios with significant financial and technical resources. Titles like \u201cGrand Theft Auto V,\u201d \u201cThe Witcher 3: Wild Hunt,\u201d and \u201cCall of Duty: Modern Warfare\u201d symbolize gaming excellence.\u00a0 LightFury aims to join the ranks of top-tier game development studios with its innovative approach and unwavering dedication to excellence.<\/p>\n","protected":false},"excerpt":{"rendered":"