Bombay Play raises $1 million for social games as India’s game studios blossom
Bombay Play, a Bangalore, India-based game studio, has raised $1 million to make social games for global markets.
India’s game studio opportunity has been dormant for a long time, even as the country thrives with tech startups growing into big companies with billion-dollar exits. But Lumikai announced its first gaming fund for India in August, and now it is making its first investment into Bombay Play. Lumikai led the round, joining existing investors Playco and Leo Capital.
Ten years ago, India had only about 25 game companies, market researcher Newzoo said. Now the country has over 300. But those
