Bangalore-based mobile gaming startup Mech Mocha Game Studios Pvt. Ltd has raised $5 million (Rs 32 crore) in its Series A round led by venture capital firms Accel Partners and China’s Shunwei Capital, a company statement said.
Existing investor Blume Ventures also participated in the round.
VCCircle broke the story earlier this month, wherein it pegged the round at $3.8 million, citing filings with the Registrar of Companies. Accel had invested around $1.7 million while Shunwei put in $1.5 million, the filings showed. Milestone Trusteeship Services Pvt. Ltd, a debenture trustee that caters to Blume Ventures, and Australia-based S Deo Corp Pty Ltd also took part in the round, the report said.
“The Indian mobile gaming sector is growing at a fast pace and holds great opportunity. We hope to share our experience in China and use it to create new opportunities for Mech Mocha in India,” said Tuck Lye Koh, founding partner and CEO, Shunwei Capital.
The fresh funding comes almost a year after the company raised $1 million from Blume and e-commerce firm Flipkart.
Mech Mocha will deploy the funds to develop and launch new mobile-gaming titles across casual and mid-core gaming categories, targeted at the Indian audience, the startup said in the statement.
Mech Mocha was launched by Arpita Kapoor and Mohit Rangaraju in 2014. Its first game, Puppet Punch, clocked a lakh downloads within the first four days of launch in January 2015. The company develops and…