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LightFury Games raises $8.5 Mn in Seed round led by Blume

EntrackrEntrackr · 1y ago
LightFury Games raises $8.5 Mn in Seed round led by Blume
Medial

Gaming startup LightFury Games has raised $8.5 million in its Seed round led by Blume Ventures. The round also saw participation from Japanese mobile entertainment firm Mixi and micro venture capital firm Gemba Capital, angel investors such as Kunal Shah, Gaurav Munjal. The proceeds will be used to build AAA titles with an initial focus on mobile games and later expand to other platforms, including consoles. AAA games are titles that typically have big budgets for both development and marketing purposes. Floated by former Unacademy and Tencent Games executive Karan Shroff, Tina Balachandran and gaming industry veteran Anurag Banerjee, the startup has also roped in former Improbable and Electronic Arts executive Chong-U Lim as its chief technology officer (CTO) and long-time Improbable executive Daniel Hall as the company’s senior director of engineering. Chief executive Shroff left Unacademy in September 2022 after a three-year stint at the edtech unicorn. Previously, he also served as the head of brand marketing for Xiaomi India for more than four years. Apart from investing in game development, the funds raised will be used to establish game studios in India and in the UK and hire top talent for these studios.

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Former Unacademy COO Vivek Sinha raises $11 Mn for his new startup

EntrackrEntrackr · 1y ago
Former Unacademy COO Vivek Sinha raises $11 Mn for his new startup
Medial

Vivek Sinha, the former Chief Operating Officer (COO) of Unacademy, has launched his new venture called Beyond Odds Technologies, with an initial investment of $11 million. The seed funding round was led by Matrix Partners India and Lightspeed. InnoVen Capital, a subsidiary of Temasek, and Alteria Capital also joined the round among other angel investors namely Ritesh Agarwal (Founder of OYO), Gaurav Munjal (Founder of Unacademy), Mayank Kumar (Founder of Upgrad), Ramakant Sharma (Founder of Livspace), Abhishek Goyal (Founder of Tracxn), Rohit MA (Founder of CloudNine Hospitals), Sumer Juneja (Managing Partner at SoftBank), Puneet Kumar (Managing Director at Steadview Capital), and Abhinav Sinha (COO of OYO). The Bengaluru-based startup focuses on employability-led training, certification, and recruitment services for the grey-collar workforce segment. It connects employers with talent among students. The company is launching Emversity, a higher education brand, with its first center in Bengaluru on April 20, followed by six more centers in cities like Hyderabad, Delhi, Nagpur, Kochi, and Ranchi by June. These centers will offer bachelor’s degree programs, including nursing, and certification courses in partnership with universities, the company said in a statement. As per the company, Emversity’s first cohort will include programs tailored to meet skill requirements in healthcare, with tie-ups with institutions like Fortis Hospitals and Core Diagnostics for job placements and internships. Vivek Sinha announced his departure from Unacademy in August 2023 after serving for three years. Previously, Sinha was a business head at Oyo between April 2018 to September 2020. His resignation was part of a series of notable exits from Unacademy, including chief marketing officer Karan Shroff, chief of staff Abhyudayay Rana, and chief financial officer Subramanian Ramachandran. Shroff also launched his new startup LightFury Games which recently raised $8.5 million in its Seed round led by Blume Ventures.

Optimo Loan raises $10 Mn seed in round

EntrackrEntrackr · 1y ago
Optimo Loan raises $10 Mn seed in round
Medial

MSME-focused lending-tech startup Optimo Loan has raised $10 million in its seed round led by Blume and Omnivore, with additional contribution from Optimo’s founder, Prashant Pitti. The proceeds will be used to expand its operations, enhance its technology, recruit new talent, and broaden its presence to 20 locations in rural India by the end of this year, the startup said in a press release. Founded by Pitti, Optimo facilitates access to quick, easy, and flexible financing options for MSMEs. It supports businesses in investing in new technologies, increasing liquidity, and ensuring business continuity. The startup actively contributes to local job creation, economic growth, and community development. The startup is also building a co-lending platform for MSMEs with a unique underwriting method. This approach allows Optimo to gain deeper insights into the financial health of MSMEs, enabling informed lending decisions and catalyzing entrepreneurship and economic growth in rural communities. That said, early-stage India-focused venture fund Blume Ventures invests in seed and pre-Series A rounds in tech-led startups. It is presently investing via its Fund IV, a $300 million vehicle supported by institutional LPs and family offices. Following the close of Fund IV, Blume now has an AUM (Assets Under Management) of over $600 million.

Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures

EntrackrEntrackr · 6d ago
Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures
Medial

Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures Clean Fanatics, a premium platform offering home services, has raised Rs 17 crore ($2 million) in a seed funding round led by Inflection Point Ventures (IPV). The round also saw participation from Blume Founders Fund, Let’s Venture (now LVX), Trica, TiE Angels, and several prominent angel investors. The proceeds will be used to expand the team, upgrade the technology infrastructure, and scale new service verticals including civil construction and home renovation. Founded by BJ Arun, Clean Fanatics specializes in services such as deep cleaning, painting, marble polishing, and home renovation. The firm claims that it is currently generating a monthly recurring revenue (MRR) of Rs 2 crore in Bengaluru alone, servicing over 2,500 homes every month. Over the last 24 months, Clean Fanatics has grown its revenue by 8x, backed by strong customer referrals and operational efficiency.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

EntrackrEntrackr · 2m ago
Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures
Medial

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

Triple Tap Games raises $1.2 Mn in pre-seed round led by Eximius and Kalaari

EntrackrEntrackr · 4m ago
Triple Tap Games raises $1.2 Mn in pre-seed round led by Eximius and Kalaari
Medial

Triple Tap Games, a Mumbai-based gaming studio, has raised $1.2 million in its pre-seed funding round led by Eximius Ventures and Kalaari Capital, along with angel investors from the entertainment and gaming community. The proceeds will be used to build a portfolio of innovative mobile games in the ‘relax and unwind’ category, tailored to a global audience. The company will utilise the proceeds to launch and scale games in the US and Europe. Founded by Karan Khairajani in 2024, Triple Tap Games is focused on crafting ‘relax and unwind’ experiences for a global audience. The team has previously created successful titles like Soap Cutting, Acrylic Nails, and Hair Dye, which together have amassed over 400 million mobile game downloads. In 2021, the team was acquired by Crazy Labs and is now embarking on a new journey to create hybrid casual games.

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