FunStop Games, a hyper-charged mobile game developer has secured $5 million funding in series A round led by 360 ONE Asset alongside InfoEdge Ventures.
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According to the company, the funds will increase Funstop’s game development efforts, build its ad-tech capabilities, and expand its game portfolio. This aligns with its vision of increasing its presence in the casual gaming sector and developing new titles.
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“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,” Chinmaya Sharma, Partner, InfoEdge Ventures said in a statement. “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.”
“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,” Prashanth Vijay, Co-founder of Funstop Games said. “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.”
“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 added.
Abhishek Nag, Fund Manager at 360 ONE Asset, stated that the firm was bullish on the domestic consumption mega theme and believed Funstop was at the forefront of the gaming sector, which he described as one of India’s most dynamic growth areas over the next decade.
About FunStop Games
Founded in 2020 by Tamesh Sharma and Prashanth Vijay, FunStop Games has a portfolio of over 30 games and over 100 million game downloads globally. With a keen focus on superlative game design and engaging game mechanics, it is renowned for our ability to produce smashing hit games.
