In the final 15 to 18 months, online gaming has witnessed full-size increase in India, subsequently ensuing in an inflexion factor in the pandemic. With many people confined to their homes, their dependence on gaming apps has peaked. India’s online gaming consumer base has surged past three hundred million.

The range of game builders has additionally grown 11X considering the fact that 2010. It is now the world’s fastest-developing cell gaming market, developing at 22 percentage annually, poised to be worth $1.1 billion via way of means of 2021, as according to Google-KPMG.

IN DEPTH How Lumikai, India’s first gaming-targeted VC fund, plans to unearth neighborhood winners like Ludo King Lumikai Fund goals to be the primary source of institutional capital for early-level gaming and interactive media startups in India. Here’s how it plans to unearth homegrown winners.

India’s online gaming consumer base has surged past three hundred million, and consequently the range of sport builders has additionally grown 11X considering the fact that 2010. it is now the world’s fastest-growing mobile gaming market, growing at 22 percentage annually, poised to be worth $1.1 billion by 2021, as according to Google-KPMG.

However, investments in gaming businesses are asymmetrically low — but $380 million considering the fact that 2011 — with most deals happening within the final years. Only thirteen percentage of gaming apps are homegrown.

Moreover, gaming stays a “whitespace” for VCs in India, constant with enterprise insiders. And that is frequently what Lumikai Fund desired to repair . Lumikai General Partners Justin Shriram Keeling and Salone Sehgal Also Read Coronavirus: OTT, on-line gaming surge all through lockdown.

Birth of India’s first gaming fund Delhi-primarily based totally VC Lumikai released its first fund in early August, even regarded to speculate in early-level gaming and media startups in India. The fund seems to cut cheque sizes beginning from $200,000 to $2 million, and may take part in the seed to Series A levels with capital reserved for “follow-on rounds”. Lumikai is “a hundred percentage” sector-targeted, and is sponsored via way of means of Limited Partners (LPs) from pinnacle gaming and leisure businesses from Japan, South Korea , Finland, and consequently the US.

How this was started?

Salone has had a 15-year-lengthy profession as an interactive media VC, gaming entrepreneur, and underwriter . During her stint at London Venture Partners, she sponsored pioneering gaming businesses in Europe and noticed startups from “seed to increase to exit”.

She additionally based TrulySocial, a gaming platform targeted on girl audiences.

Delhi-primarily based totally VC Lumikai released its first fund (corpus undisclosed) in early August, and looks to speculate in 15 to 20 early-level gaming and interactive media startups in India. The fund seems to cut cheque sizes beginning from $200,000 to $2 million, and may take part in the seed to Series A levels with capital reserved for “follow-on rounds”.