#Asia Indian mobile gaming startup Mech Mocha raises US$5M Series A; Xiaomi founder Jun Lei co-invests

//

Mech Mocha’s first game, Chhota Bheem Himalayan Game, has over 4 million users in India

 

Mech Mocha, an India-focused mobile gaming startup, today announced it has raised US$5 million in Series A round of funding led by Accel Partners (an investor in ‘Angry Birds’ owner Rovio and ‘Clash of Clans’ owner Supercell), and Shunwei Capital, a Chinese venture capital firm founded by Xiaomi‘s Founder Jun Lei. Existing investor Blume Ventures has also joined the round.

Bangalore-based Mech Mocha will deploy the funds to develop and launch new titles across the casual and mid-core gaming categories, targeted at the Indian audience.

“Globally, Accel has a wealth of experience in the gaming space with investments in Supercell and Rovio. With Shunwei, we aim to learn from the massive Chinese gaming market and introduce Chinese mobile games to the Indian audience,” said Arpita Kapoor, CEO and Co-founder of Mech Mocha.

The startup had earlier raised US$1 million seed round funding led by Blume Ventures and Flipkart, in December 2015.

Also Read: Alibaba invests US$145M in mobile gaming

Founded by IIIT Gwalior graduates Arpita Kapoor, Mohit Rangaraju and Shilp Gupta, Mech Mocha’s first game, Chhota Bheem Himalayan Game, has over 4 million users in India. Mech Mocha is leveraging its Indian market insights and in-house technology platform to culturalise narratives and customise gameplay for Indian audience.

Mech Mocha is now exploring partnerships with global gaming companies to release their blockbuster gaming titles in India.

The startup now has a team of 30-plus artists and engineers, who have previously worked on highly regarded games and movies at EA, Zynga, Disney and DreamWorks.

Mech Mocha Founders

Mech Mocha founders

The startup continues to heavily invest in an integrated technology platform with cutting-edge capabilities in behavioural analytics, multiplayer, LiveOps and monetisation.

Last year, Aditya Jalan, former AVP (Product) at Myntra and Zomato, joined the team to lead product development.

“The Indian mobile gaming sector is growing at a fast pace and holds great opportunity. Mech Mocha has taken the lead in this space and we are happy to be a part of their growth journey. We hope to share our experience in China and use it create new opportunities for Mech Mocha in India,” says Tuck Lye Koh, Founding Partner and CEO, Shunwei Capital.

Also Read: Chinese mobile games revenue to hit US$5.5B in 2015; US$11.1B by 2019

“Since we backed Mech Mocha last year, they have attracted some of the best minds to their team including key senior folks. Mech Mocha is a classic example of a solid team in a market that is yet to explode and we are confident of their success,” says Karthik Reddy, Blume Ventures.

Image Credit: Mech Mocha

Register for your Echelon Asia Summit access pass now! Enjoy additional 10% discount on Echelon Asia Summit Startup, Investor and Corporate passes just for being our favourite 27 reader: http://ift.tt/2nMDN9P

The post Indian mobile gaming startup Mech Mocha raises US$5M Series A; Xiaomi founder Jun Lei co-invests appeared first on e27.

from e27 http://ift.tt/2pCkwMx

This entry was posted in #Asia by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !