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Gaming and media-focused fund Lumikai launches its second offering; targets $50 million corpus
Business Today
·
2y ago
Medial
Indian gaming and interactive media-focused fund Lumikai has launched its second fund targeting a corpus of $50 million from global investors. This fund will be deployed to make investments in pre-seed to Series A funded start-ups operating in the media and gaming industries.
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Related News
Decoding Lumikai’s Investment Playbook For India’s $30 Bn Gaming & Interactive Media Industry
Inc42
·
1y ago
Medial
Lumikai is a venture capital fund focused on gaming and interactive media in India. With a corpus of $40 million in its first fund and $50 million in its second fund, Lumikai has made investments in 15 companies, including All Star Games, AutoVRse, Bombay Play, and Loco. The gaming and interactive media market in India is growing rapidly, with a total worth of $25 billion and a CAGR of 20%. Lumikai's investment thesis focuses on early-stage startups and aims to find category-leading bets in the industry. The fund's portfolio companies are generating revenue and benefiting from the attention economy and multiple monetization avenues within the gaming and interactive media sector. The Indian government has also shown favorable regulations for the industry, recognizing eSports as a sport and creating tax laws specific to gaming and interactive media. Challenges for startups in this space include talent acquisition and user acquisition costs. Lumikai plans to continue investing in companies leveraging AI and targeting the Indian and global markets.
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VC Lumikai eyes 10-12 deals via India Fund-II
Economic Times
·
1y ago
Medial
Lumikai, a gaming and interactive media venture capital firm, plans to make 10-12 investments in pre-seed and Series A companies from its $50 million India fund II. The firm currently has $58 million in assets under management from 15 portfolio companies, with over 70% of them generating revenue. Lumikai is focused on interactive media sub-sectors, including content, platforms, tools and technology infrastructure, and systems of play. The Indian gaming industry has seen increased interest from various investors, leading to a surge in game development studios and the return of experienced talent. However, Lumikai sees limited potential in real money gaming and has adjusted its growth forecast for the sector.
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VC firm Lumikai hires top exec from GSF as founding partner quits
VCCircle
·
4m ago
Medial
Lumikai, an interactive media and gaming-focused venture capital firm, is investing through its second fund and has hired a new partner from GSF, a seed-stage tech investment firm, following the departure of its founding partner. Lumikai is known for investing in startups such as All-Star Games, Loco, Crater, Eloelo, Studio Sirah, and Bombay. This strategic hire reflects Lumikai's ongoing commitment to expanding its leadership and enhancing its investment capabilities.
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Venturi Partners rolls out second fund to invest in India, Southeast Asia
VCCircle
·
4m ago
Medial
Venturi Partners, a Singapore-based investment firm, has launched its second flagship fund aimed at investing in consumer-focused startups in India and Southeast Asia. The new fund targets a corpus exceeding 40% of its first fund, which raised nearly $175 million. This initiative reflects Venturi's strategy to expand its investment capacity and support the growth of promising startups in the region.
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Shikhar Dhawan and AB de Villiers-backed Yashaa Global Capital gets greenlight for $75M fund
YourStory
·
4m ago
Medial
Yashaa Global Capital, an Abu Dhabi-based venture capital fund, received approval to launch operations focused on sports, media, gaming, and esports. Backed by former cricketers Shikhar Dhawan, Ravi Shastri, and AB de Villiers, it has a $75 million corpus, including a $25 million greenshoe option. The fund aims to invest in sports tech, fitness, wellness, esports, gaming, and professional leagues. The management includes co-founders Mohammed Sirajuddin, Arif Padaria, and Victor Tay.
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Investcorp Mulls Wrapping Up Second India Fund By 2024
Inc42
·
1y ago
Medial
Bahrain-based investment manager Investcorp is looking to close its second India-focused investment fund by the end of 2024. The firm, which manages over $50 billion in assets, has already secured more than half of the targeted corpus for the India private equity fund. Investcorp entered the Indian market in 2019 and aims to support 10-15 companies over the next three years with deal sizes ranging from $30 million to $50 million. Despite recent funding declines in the Indian startup ecosystem, Investcorp remains optimistic about the future prospects of IPOs for startups in 2024.
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Hissa launches $35M fund to unlock liquidity in ESOP market
YourStory
·
6m ago
Medial
Hissa has launched Hissa Fund I, a $35 million SEBI-registered Category II Alternative Investment Fund, to provide liquidity for Indian ESOP markets. The fund targets Series B startups, investing Rs 8-10 crore per company, aiming for 15-20 investments. It allows employees to access liquidity pre-exit and is backed by founders, HNIs, and family offices. The fund hopes to deploy the entire corpus by FY26's first quarter.
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Indian gaming companies facing tougher challenges compared to China: Salone Sehgal of VC fund Lumikai
Economic Times
·
4m ago
Medial
Indian gaming companies face tougher challenges compared to China, says Salone Sehgal of Lumikai, a gaming-focused venture capital fund. Indian firms must compete with big tech in a less protected market, fostering capital efficiency and persistence. India's gaming sector is growing rapidly at 20% annually, unlike the saturated Western markets. The online gaming industry is projected to more than double, reaching $9.1 billion by 2029, promising significant returns for early investors.
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Trillion Dollar Ventures launches Rs 50 Cr Fund II
Entrackr
·
10m ago
Medial
Venture capital firm Trillion Dollar Ventures (TDV) has launched its second fund with a total corpus of Rs 50 crore, doubling its corpus size from the first fund. The new fund aims to support early-stage tech startups in India. TDV plans to back innovative founders and support companies in the pre-seed and seed stages with cheque sizes ranging from Rs 1-2 crore per startup. The fund’s goal is to collaborate with and nurture these companies. The VC firm will invest in business models such as platform plays, marketplaces, and exchange businesses across various consumer tech (B2C) categories, including spirituality tech, fintech, gaming, the creator economy, social media, and consumer upgrades. According to TDV, its investment strategy focuses on backing serial founders or those with deep domain expertise, with a strong preference for high-tech, low-operation businesses. The fund’s lifecycle is set between 5 to 7 years, with expectations to make 10-12 investments annually, starting capital deployment in Q3 FY25. TDV reports that its first fund provided exit opportunities within 2 years of investment, generating over 60% IRR. The firm has received strong commitments from limited partners (LPs) in India and countries like the US, UK, UAE, and Singapore, validating its early-stage investment model and high return potential. Its backers include top global unicorn founders, family offices, and CXOs across various industries. Launched in 2021 by Ujwal Sutaria, TDV is dedicated to investing in innovative founders and nurturing startups across sectors such as fintech, gaming, spirituality tech, and consumer tech, claiming to have backed more than 30 companies.
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Gemba Capital launches Rs 250 Cr Fund-II
Entrackr
·
1y ago
Medial
Gemba Capital, a Sebi-registered micro VC firm, has announced the launch of its second fund with a corpus of Rs 250 crore (around $30 million), including a green shoe option of Rs 50 crore ($6 million). As per Gemba, Fund-II will invest in around 30 early-stage ‘Platform-first’ businesses across fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments. Founded in 2018, Gemba Capital invests at seed and pre-seed stage in scalable tech startups. It has backed over 120 founders across 50 startups in fintech, consumer tech and B2B platforms since its inception. Some of the notable portfolio companies arePlum (Insurtech), Grip Invest, Wint Wealth, Strata, Navadhan, Zuper, Showroom, Smartstaff, ClickPost and LightFury.
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