Bombay Play raises $1M investment from Lumikai
Bombay Play will use the funding to accelerate product development on multiple live, social, multiplayer card, and strategy board games.
Mumbai-based social gaming startup Bombay Play has raised $1 million seed funding led by Lumikai, the first gaming and interactive media venture fund based out of India. The round was led by and opened exclusively for Lumikai that will join existing investors Playco and Leo Capital.
Bombay Play will use this funding to accelerate product development on multiple live, social, multiplayer card and strategy board games, while doubling down on its current early hits. Justin Waldron, Co-founder of Zynga and Playco, which recently raised $100M at a $1 billion Series A valuation also joined Bombay Play’s Board of directors. Founded by Oliver Jones and Abhas Saroha, Bombay Play’s first multiplayer game Card Party has been downloaded more than 10 million times. The studio is already profitable.
Commenting on the investment round, Bombay Play CEO and Co-Founder Oliver Jones said in a press statement shared by Lumikai, “Multiplayer games are the future of social networking with hit social games like ‘Ludo King’, ‘Among us’ and ‘Animal Crossing’ proving that the market is ripe for games that bring friends, family and strangers together online. Lumikai’s investment is a great validation for us, given the fund’s sector focus and expertise.”
Oliver had led game design at Glu Mobile and Zynga, and had also co-founded Moonfrog games, where he was a part of creating — Teen Patti Gold, one of the most successful card games out of India. Abhas previously led engineering at Zynga, Moonfrog, and Makemytrip.com. The co-founders have worked together for nearly a decade.