Funstop Games has successfully secured $5 million in Series A funding, led by 360 ONE Asset, with Info Edge Ventures doubling down on their investment.
The company aims to increase its presence in the casual gaming sector and create new titles. Funstop already has over 30 games and over 100 million game downloads globally, with leading titles like Perfect Time, Airport Rush 3D, Pit Stop Manager, and Shri Ram Mandir.
Economic Times news revealed statements from InfoEdge Ventures and Co-Founders of Funstop.
“Our decision to double down on our investment in Funstop Games reflects our confidence in the founders and their continued ability to churn out viral titles even as they have transitioned to a self-publishing model.
We are excited to see the adoption of Funstop’s games not just by Indians in India but by the larger Indian diaspora overseas as well.”
Chinmaya Sharma, Partner, InfoEdge Ventures
“With 360 ONE Asset coming onboard, we aim to be truly global with rapid expansion across the genres and doubling down on the India growth story.
The 360 ONE Asset team would bring in a depth understanding about the gaming ecosystem, a playbook on global expansion and most importantly the know-how on scaling up rapidly, making them ideal partners for us at this stage.”
Prashanth Vijay, Co-Founder of Funstop Games
“India’s gaming industry is on the cusp of global recognition, and Funstop Games is here to drive that momentum. This investment gives us the resources to scale our operations, expand our portfolio, and bring uniquely Indian storytelling to a global audience.”
Tamesh Sharma, Co-Founder of Funstop Games
Funstop Games adds to the rising interest of Indian game companies
Funstop is among several game studios that have secured investments in recent months from an India-based studio.
On August 8th, Nazara Games announced the acquisition of Fusebox Games for $27.2 million. Just over a month later, the company raised $107.73 million to bolster its media growth and expand its market presence.
In early November, industry veterans with experience at EA and Microsoft founded a new gaming studio named ILHAM. The studio aims to spotlight Indian Subcontinental cultures within the Double-A gaming space.
