CloudFeather Games on Wednesday introduced its $1.25 million seed funding spherical led by Lumikai. Venture Highway and strategic angels together with Maninder Gulati (world chief technique officer, OYO) and Manish Agrawal (CEO, Nazara Technologies) additionally participated within the spherical.
Casual video games don’t have significant monetisation avenues exterior of Ads and IAPs, Romi Chandra, founder, CloudFeather Games, mentioned. “Given this, there is room for disruption by providing a novel monetisation avenue which supercharges game engagement, without developers needing to re-design their existing game economies. Our first suite of features includes an innovative Bounty Hunting SDK which “democratises fame” for sport communities, permitting anybody to create customized bounties round their in-game achievements for the neighborhood to beat. We will work with gaming leaders Lumikai and a curated group of strategic associate traders to convey Cloudfeather options to builders across the globe.”
The firm will use the seed funding to make key hires in enterprise improvement, product and tech because it scales its developer outreach applications each for home and world sport studios.
“Romi and Yash have pioneered massive-scale system architectures for RMG platforms serving tens of millions of users. Leveraging their unique technical expertise in this space, they’re building a suite of competitive tools for any game developer to supercharge community retention and monetisation, while also providing innovative and fun new experiences for gamers,” Justin Shriram Keeling, founding normal associate, Lumikai added.
“When I first met Romi and Yash, I saw a couple of incredibly talented and intellectually honest folks seeking to solve the issues of “engagement and monetisation” for sport builders’ in a really first ideas method. Like with the case of dev instruments and its rising significance, gaming targeted instruments has its personal nuance and the founders’ prior area expertise provides to the robust founder-market match. The rising volumes of video games and players solely make the case for deep engagement and interactivity stronger, the answer for which could be the “tools-in-a-box” that Cloudfeather is constructing,” Priya Mohan, associate, Venture Highway, said.
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Source: www.financialexpress.com”