Rucept raises seed funding led by Arka Venture Labs
Summary
The funds will be utilised to expand the team, build infrastructure and operations, and for validating the market. Rucept has been working on creating a next-gen supply chain connecting games, players, and factories to enable studios of all sizes to create engaging consumer products and shopping experiences while reducing the production, inventory, and other design costs from their merchandising efforts. Mudit Khurana, founder, and CEO, Rucept, said, “The Internet has made it easy for creators to publish and distribute content; however, this sort of democratization has still not fully materialized for physical products. We are looking forward to delighting more than 3 billion players in the world with ‘real-world’ items from their most cherished games.” Adding to this Aditya Nishtala, Arka Venture Labs, shared, “Gaming is rapidly becoming the most engaged form of entertainment, and merchandising is at the core of this experience. Read also: Sahicoin raises $1.75 million in seed funding from Alameda Ventures (FTX), Better Capital, and other investors