News on Medial

Bengaluru-based mobile gaming studio Mayhem Studios raises funding from Lumikai

IndianStartupNewsIndianStartupNews · 9m
Bengaluru-based mobile gaming studio Mayhem Studios raises funding from Lumikai

Bengaluru-based mobile gaming studio Mayhem Studios has secured an undisclosed amount of funding from Lumikai, a venture fund focused on gaming and interactive media. The capital injection will be used to scale operations, enhance game development, expand the development team, and improve technological capabilities. Mayhem Studios previously raised around $20 million from investors including Peak XV Partners, Steadview Capital, Truecaller, and Hashed Emergent. The company is currently working on its first title, a battle royale game called Underworld Gang Wars, which incorporates Indian culture and characters. India's gaming market is experiencing rapid growth and is projected to reach $1.4 billion by 2028.

Comments

Download the medial app to read full posts, comements and news.