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3one4 Capital leads $3 Mn round in Felicity Games

EntrackrEntrackr · 7m ago
3one4 Capital leads $3 Mn round in Felicity Games
Medial

3one4 Capital leads $3 Mn round in Felicity Games Mobile game publisher Felicity Games has raised $3 million (about Rs 25.8 crore) in a seed funding round led by 3one4 Capital along with participation from international investors such as T-Accelerate Capital, MIXI Global Investments, and its existing investors DeVC and Visceral Capital. The Bengaluru-based company had previously raised $700K in a pre-seed funding round from its existing investors back in December 2023. The proceeds will be utilized to expand its publishing infrastructure and deepen its relationships with Indian game studios, Felicity Games said in a press release. Founded in 2023 by Anurag Choudhary, Felicity Games is an India-based mobile game publisher focused on building global gaming successes. By combining data-driven game development with cutting-edge publishing infrastructure, Felicity helps studios launch, optimize, and scale their games worldwide. Felicity Games aims to bridge the gap in the mobile gaming ecosystem, providing studios with the technology, insights, and comprehensive support needed to compete and succeed on a global scale. The startup is committed to scaling its successful titles and testing additional games by the end of 2025. Felicity aims to empower global game publishing by tapping into India’s burgeoning game development ecosystem. Specializing in hybrid-casual games publishing, the company combines data-driven insights with a strong execution model to deliver high-performing mobile games to audiences worldwide. Felicity claims that it has surpassed $1 million in annual recurring revenue (ARR) and crossed 1 million downloads across its top-performing titles, Seek & Find and Nova Solitaire. The company closed February with over $100K in gross revenue, marking a 4X scale-up from November 2024. It primarily competes with the global notable players in this space such as Voodoo, Homa, Rollic, Supercent, amongst others.

Flowatt raises pre-seed round led by PedalStart

EntrackrEntrackr · 12d ago
Flowatt raises pre-seed round led by PedalStart
Medial

Bengaluru-based battery deeptech startup Flowatt Battery Science has raised Rs 2.2 crore in a pre-seed funding round led by PedalStart. The fresh capital will be directed towards technology optimization and completing the proof of concept (POC) of its electric battery design, building strategic alliances with insurers, EV financiers, OEMs, and other key ecosystem stakeholders, and onboarding talent across tech, business development, and operations, Flowatt said in a press release. Co-founded in 2023 by Siddhartha Srivastava, Bikesh Jha, and Vikash Singh, Flowatt leverages IoT-enabled tracking and data analytics along with predictive maintenance and asset management to optimize battery performance and cost efficiency for last-mile delivery fleets. It aims to transform the electric vehicle (EV)-based logistics fleet management landscape in India. Flowatt says that it lowers the upfront EV battery purchase costs for fleet operators with a pay-per-use Battery-as-a-Service (BaaS) model, while simultaneously enabling them to reduce downtime and improve margins with a predictable, fuel-like subscription advantage. The startup is currently focused on powering commercial mobility fleets for the e-commerce and quick-commerce segments. Flowatt claims that it has gained early traction, scaling its flagship BaaS model to nearly 1,500 batteries across multiple Indian cities to date. The startup aims to deploy over 20,000 high-performance batteries under its BaaS offering, achieve over Rs 2.5 crore in monthly recurring revenue (MRR), and expand to over 15 cities across Tier 1 and Tier 2 India by the end of FY 2026–27. “As India accelerates towards large-scale electrification, Flowatt is solving one of the most pressing challenges in the nation’s EV ecosystem today — the economics of battery adoption. By shifting batteries from being a capital-heavy purchase to a flexible service offering, they are removing the biggest pain points in commercial EV adoption,” said Manas Pal and Aditya Darolia, co-founders, PedalStart.

Felicity Games raises $700K from DeVC, Nandan Reddy, Kunal Shah and others

EntrackrEntrackr · 1y ago
Felicity Games raises $700K from DeVC, Nandan Reddy, Kunal Shah and others
Medial

Felicity Games, a casual game developer and publisher, has raised $700K in its pre-seed round from DeVC, Visceral Capital and marquee angel investors including Kunal Shah of CRED, former Nazara CEO, Manish Agarwal, Sriharsha Majety, Nandan Reddy of Swiggy and Sameer Pittalwala, Head of Gaming, Google Cloud (APAC) among others. The proceeds will be used towards testing 10 more such games by March 2025. The firm aims to scale revenue by 10x by the end of this year. Founded in 2023 by ex-Swiggy executive Anurag Choudhary, Felicity recently launched two titles ‘Seek & Find’, and ‘Nova Solitaire’ which are already unit economics positive in the US and other western markets with over 100,000 downloads within a period of 3 months. Bengaluru-based Felicity rapidly prototypes and tests casual games for commercial viability using their proprietary framework “Pokhran”, scaling only the successful ones. Within a year, Felicity has launched over 10 game titles, which are played by more than a million monthly users across 14 geographies.

Seed funding drops 25% in 2024 as VCs retreat

Economic TimesEconomic Times · 10m ago
Seed funding drops 25% in 2024 as VCs retreat
Medial

Seed funding in India experienced a 25% decline in calendar year 2024 as investors remained cautious. Despite this, startups managed to secure $11.3 billion in overall funding, marking a 6% increase compared to the previous year. Pre-IPO and late-stage funding rounds gained popularity due to the shorter paths to liquidity and stronger returns they offer. Seed-stage funding dropped to $971 million from $1.3 billion in the previous year. The decline in seed funding can be attributed to new venture capitalists pulling back from the market, while institutional investors continue to invest steadily. Deep-tech funding, on the other hand, saw an 11% growth. Late-stage funding and early-stage startups performed well in 2024.

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