nCORE Games raises $10M in Series A round

nCore Games has raised $10 million in Series A funding to expand its offerings into the metaverse and non-fungible token (NFTs) space. 

The startup creates and publishes mobile games for the Indian subcontinent and has expertise in mid-core and live ops. 

The round was led by investors in the crypto space, Galaxy Interactive and Animoca Brands. Galaxy Interactive is part of Galaxy Digital, a publicly-listed, diversified merchant bank specializing in digital assets and blockchain technology.

The round also saw participation from investors like Amitabh Singhal (ex-Google), Sandeep Nailwal (Co-founder of Polygon), Kanwaljit Bombra, Sohil Chand, Ashish Chand, Ram Madhvani, Rakesh Kaul, Mannan Adenwala, Sanjay Narang, Taj Haslani, Kristian Segerstrale (Game Industry veteran), Sanjay Gondal, Vedant Baali, Kartik Prabhakara, Peter Leung, Yashraj Akashi, and Akshay Chaturvedi.

nCORE will also use this capital to launch games in the Web3 and play-to-earn space.

The company currently has two mobile games in the market, namely, FAU:G and Pro Cricket Mobile. 

The round was co-led by popular layer 2 Ethereum scaling solution Polygon and thesis-driven investment firm HyperEdge Capital.

“With the establishment of this partnership, we are looking forward to seeing the brightest talent in India collaborate with the stalwarts of the global gaming ecosystem to take nCore to unprecedented levels of success within the Indian gaming industry and beyond,” said Kanwaljit Bombra, CEO of nCORE Global. 

“nCORE Games was started by experienced gaming industry professionals with strong pedigrees. This is one of our most promising investments in India, which has a large gaming market with massive growth potential,” said Yat Siu, Executive Chairman and Co-founder, Animoca Brands.

“nCORE Games has the right team to leverage blockchain and NFTs in games to deliver digital property rights to players, and we look forward to many successful products as we move toward a global open metaverse,” he added.

nCORE Games seems to have established a strong foothold in the market in a short span. I’m sure the company will continue to prosper in its journey ahead. My best wishes to the team of nCORE Games.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.