Funstop Games Funding - Funstop Secures $5 Million in Series A

Funstop Games, a homegrown casual gaming studio, announced on Tuesday that it had raised $5 million in its Series A fundraising round, which doubled down on its previous round and was headed by 360 ONE Asset and InfoEdge Ventures.

Our choice to increase our investment in Funstop Games is a reflection of our faith in the company's founders and their capacity to create hit games even after switching to a self-publishing model," said Chinmaya Sharma, Partner at InfoEdge Ventures, in a statement. "We are thrilled to see that Funstop's games are being used by both Indians in India and the greater Indian diaspora abroad.

What does use of Funding Money?

According to the company, the money will be utilized to expand Funstop's game portfolio, strengthen its ad-tech capabilities, and intensify its game development activities. This aligns with its goal of developing new games and increasing its market share in the casual gaming industry.

Prashanth Vijay, co-founder of Funstop Games, stated, "With 360 ONE Asset joining our team, we want to be truly global with rapid expansion across the genres and doubling down on the India growth story." "The 360 ONE Asset team would be perfect partners for us at this point because they would provide in-depth knowledge of the gaming ecosystem, a blueprint for international expansion, and—most importantly—the know-how for fast scaling up.

 According to Funstop, its well-liked Shri Ram Mandir Game has amassed over 25 million downloads and established a brand-new subgenre of spiritual gaming.

"Funstop Games is here to fuel the growth of India's gaming industry, which is poised for international prominence. Tamesh Sharma, co-founder of Funstop Games, continued, "This investment provides us with the resources to scale our operations, expand our portfolio, and bring uniquely Indian storytelling to a global audience." 

According to 360 ONE Asset's fund manager, Abhishek Nag, the company was optimistic about the big theme of domestic consumption and thought Funstop was leading the gaming industry, which he claimed was one of the most promising sectors for growth in India over the coming ten years.

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