Simple Viral Games, aka SVG, has raised Rs 4 Cr from WEH Ventures, Eximius Ventures, PointOne Capital, Force Ventures. WEH led the round.
A few prominent angels including Ankit Agrawal(Founder & CEO of InsuranceDekho), Prashant Sachan(Founder & CEO of AppsForBharat) also participated in the round.
The raised funds will be used by SVG to build Bharat’s TikTok for Games via their app named ‘TimePass’ which shall host 100s of fun hyper-casual games on the platform which can be played with a tap of a button without any additional download for each game.
Simple Viral Games aka SVG, a hyper-casual mobile gaming platform, today announced raising Rs 4 Cr (500,000 USD) in a pre-seed round led by WEH Ventures. The round also saw participation from Eximius Ventures, PointOne Capital, Force Ventures & a few angels including Ankit Agrawal(Founder & CEO of InsuranceDekho), Prashant Sachan(Founder & CEO of AppsForBharat).
Founded in December 2022 by Rahul KR & Sourav Badami, Simple Viral Games is focused on giving the best mobile gaming experience to Bharat. This hyper-casual gaming platform shall serve users from all age groups & make playing fun games a part of everyone’s daily routine. On their app named TimePass, users can discover & play lots of games without any additional download for each game. Simply swipe up to see a new game reel!
Speaking of the platform, the founders said “We are making Bharat discover and play the world's best, most simple, fun and innovative games! Imagine a video game arcade, which has 1000s of games to choose from & you can start playing with a single tap, all in one single app.”
Currently, the app has over 20 games & is adding new games every week. The company has started working with game developers & studios as well to on-board their games onto the TimePass app.
“Our goal is to become a TikTok like platform for hyper-casual/casual games & empower game developers and studios to publish their instant games on our platform & get distribution right away & earn with the revenue share. In next 3-5 years we wish to have over 100M monthly active gamers on out platform. Built in India, Built for Bharat” said the founders.
Speaking on the investment, Rohit Krishna, General Partner, WEH Ventures said “Except gaming, almost all other content categories have platforms that focus on personalized, infinite scrolls. We think Rahul and Sourav have great chemistry and complementary skills to build a ‘TikTok for gaming’ platform for Bharat”
Launched in 2017, WEH Ventures is a sector-agnostic early-stage venture fund with a primary focus on startups solving India-first problems. The fund is very often the first institutional investor in a company and aims to support it through the early years and beyond. In its six year journey, the fund has already backed several category-leading companies such as smallcase, Jar, Masterchow, Appsforbharat and Pratilipi which have been subsequently backed by top tier institutional investors.
Simple Viral Games
The startup known as Simple Viral Games allows players to play many cutting-edge, user-friendly, and enjoyable games all in one location, without the need to download an individual app for each game.
Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)
Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.
Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get allIndian statups news at Viestoires.
Weekly Startups Funding News [25 October 2024 - 29 October 2024]
Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding
Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.
GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.
Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.
Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.
Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.
Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.
Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.
11 September 2024 - Funding News
Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.
Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).
InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.
Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.
Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).
10 September 2024 - Funding News
Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.
Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.
Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.
AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.
Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.
9 September 2024 - Funding News
Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.
2 September 2024 Monday - Latest Funding News in India
Mintifi Funding News- Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.
Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.
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