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Funstop Games has raised $5 million in a series A funding round led by 360 ONE Asset and InfoEdge Ventures.
According to The Economic Times, casual games studio will use the new funds to accelerate its development efforts, build its ad-tech capabilities and expand its portfolio.
Both 360 ONE and InfoEdge have doubled down on their investment in Funstop after a previous round to help the India-based company reach its next phase of growth.
Based in Delhi, India, Funstop Games has developed several mobile titles including Shri Ram Mandir Game which the company says has surpassed 25 million downloads. The studio is also home to Vande Bharat Express and Perfect Time mobile games.
Rapid expansion plans
“India’s gaming industry is on the cusp of global recognition, and Funstop Games is here to drive that momentum,” said Funstop co-founder Tamesh Sharma.
“This investment gives us the resources to scale our operations, expand our portfolio, and bring uniquely Indian storytelling to a global audience.”
Co-founder Prashanth Vijay added: “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.”
“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.”
