Korean, Japanese investors to back mobile gaming startup Mech Mocha
Summary
Ltd is raising up to $10 million (Rs 71 crore at current exchange rates) as part of its ongoing Series B funding round, a top company executive told TechCircle. In April last year, the company raised $5 million (Rs 32 crore then) in a Series A round led by Accel Partners and Shunwei Capital. Subsequently, the company also collaborated with global partners like Australia’s Halfbrick Studios to launch its Jetpack Joyride with an Indianised makeover, which has seen more than five million installs on the Android platform. “Since we are on an experimental mode and primarily build products for Tier 2 and 3 centres, our current focus is more on user growth rather than revenues, a strategy which is also aligned with our stakeholders. Earlier this month, VCCircle reported that digital gaming startup Mobile Premier League (MPL) raised $5 million (Rs 36.5 crore at current exchange rates) in a Series A round of funding led by VC firm Sequoia Capital.