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3one4 Capital leads $3 Mn round in Felicity Games

EntrackrEntrackr · 5m 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.

Disney surpasses earnings expectations, projects strong profit outlook

LivemintLivemint · 1y ago
Disney surpasses earnings expectations, projects strong profit outlook
Medial

The Walt Disney Co. has reported better-than-expected earnings for its fiscal first quarter, with earnings per share of $1.22. The strong performance of its international theme parks and cost-cutting measures contributed to the positive results. However, revenue of $23.5 billion fell short of estimates due to struggles in Disney's TV business and underperforming theatrical releases. The company expects profits to rise at least 20% this year and has raised its dividend by 50% and approved a $3 billion stock repurchase program. Disney's streaming service subscribers fell short of projections but losses in streaming decreased. International parks experienced significant growth while the traditional media and film divisions continued to struggle. Disney is also acquiring a $1.5 billion stake in Epic Games Inc., the maker of the popular Fortnite game.

Udaan closes Series G round at $114 Mn

EntrackrEntrackr · 2m ago
Udaan closes Series G round at $114 Mn
Medial

Udaan closes Series G round at $114 Mn: B2B e-commerce platform Udaan has announced the closure of its Series G round at $114 million, led by M&G Investments and Lightspeed, with participation from other existing and new investors. In February, the Bengaluru-based company raised $75 million as the first tranche of the Series G round at a flat valuation. According to Entrackr’s estimate, Udaan was valued at around $1.8 billion in the previous round, when it raised $340 million led by M&G Plc, with participation from Lightspeed and others. The fresh capital will be deployed to strengthen Udaan’s category and customer footprint, with focus on fast-moving consumer goods (FMCG) category and hotel, restaurant, and catering (HoReCa) customer segment, the company said in a press release. Udaan will also accelerate its private label brands initiatives in the staples category. This capital raise will also fortify Udaan’s balance sheet, providing enhanced financial flexibility as the company advances toward its public market debut. “Over the last 3 years, we have transformed the business by building cost as a capability and a competitive advantage. We have reduced our EBITDA burn by 40% every year for the last 3 years and are on track to achieve full group EBITDA profitability in the next 18 months,” said Vaibhav Gupta, co-founder and CEO, Udaan. Udaan claims to have clocked more than 60% year-on-year (Y-o-Y) growth in CY 2024, alongside a contribution margin improvement of over 300 basis points. Along with this margin growth and operating leverage at scale, Udaan also reduced its fixed costs by 20%, resulting in a 40% reduction in EBITDA burn in CY 2024 and an additional 20% reduction year-to-date in CY 2025. While Udaan has yet to disclose its FY25 numbers, its gross revenue (GMV) grew only 1.7% to Rs 5,706.6 crore in FY24, compared to Rs 5,609.3 crore in FY23. However, it managed to control its losses by 19.4% to Rs 1,674.1 crore in the same period.

Hudle raises $2.5 Mn in Series A round led by Sky Impact Capital

EntrackrEntrackr · 1m ago
Hudle raises $2.5 Mn in Series A round led by Sky Impact Capital
Medial

Hudle raises $2.5 Mn in Series A round led by Sky Impact Capital Sports-tech platform Hudle has raised $2.5 million in Series A funding led by Sky Impact Capital, with participation from Physis Capital, Atrium Venture, and notable angels including Mahesh Bhupathi, Gaurav Kapur, and the founders of Blue Tokai and Nitro Commerce. Earlier in April last year, Hudle had raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures. The proceeds will be used to expand its venue network, enhance product features, and roll out a new rating system to improve engagement across recreational sports. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle connects players with over 2,000 venues across 60 Indian cities, enabling real-time booking and game participation for emerging sports like badminton, pickleball, padel, and others. It facilitates over 150,000 games per month, and aims to cross 3 million games by the end of this fiscal. With over 3.5x growth in gross transaction value and 2.5x revenue growth in the last year, the firm's tech stack supports easy discovery, performance tracking, and game matching. In August 2025, Hudle will launch GRIP (Game Rating Index for Players), a scoring and ranking system for recreational sports, starting with pickleball, padel, and badminton.

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