LightFury Games secures $8.5 million funding to develop premium games in India

New Delhi, April 17 (IANS) Gaming startup LightFury Games has successfully raised $8.5 million in its first fundraising round led by Blume Ventures and other key investors. The company plans to use the funds to develop AAA titles and attract top talent for their studios in India and the UK.

AAA games are known for their high level of polish and quality, typically developed by top gaming studios with significant financial and technical resources. CEO and Co-Founder of LightFury Games, Karan Shroff, stated, “The size of the gaming market in India is on the rise and it is an excellent time for us to bring our expertise into the industry.”

Shroff further added, “We intend to utilize the capital to hire top-tier talent in the country to put India on the global map.” Additional investors in the funding round include MIXI, Gemba Capital, and Angels, as well as individuals like Kunal Shah and Gaurav Munjal.

The startup was founded by Shroff, gaming industry veteran Anurag Banerjee, and Tina Balachandran, former executive of Unacademy and Tencent Games. Karthik Reddy, Co-Founder and Managing Partner at Blume Ventures, expressed excitement about the investment, stating that “the ability to piece together talent and bring in believers from the gaming and consumer universe make it one of our most exciting investments we’ve made in this space.”

LightFury Games is poised to make a significant impact in the gaming industry with the recent fundraising success and plans to develop top-tier AAA titles in both India and the UK. The company’s focus on attracting top talent and expertise highlights their commitment to putting India on the global gaming map.