Mumbai 29th March 2011.
Games2win – The globally top ranked online games company announced a successful Series B investment round from Clearstone Venture Partners and Silicon Valley Bank (SVB India Capital Partners).
The Company has raised 6 million US$ in financing.
Serial entrepreneurs Alok Kejriwal and Mahesh Khambadkone founded Games2win in 2007. The Company has been very successful in creating an original casual games library of over 400 games that are played by over 20 million consumers each month, as per comScore data. The Company’s games are unique in their originality and are actively licensed by the world’s largest publishers such as Yahoo.com, Viacom Kids and the Discovery Channel.
Speaking on this round of financing, Alok Kejriwal – CEO said, ‘Games2win owns one of the largest collections of casual & ‘snacky’ games in the world and we intend to aggressively capitalize on the huge energy and excitement surrounding ‘Online Games’ which is the fastest growing category on the Internet. We really understand the mindset of a humungous 400+ million teen and tween gaming audience on the Internet who nibble on our kind of games both on their PCs, iTouch and Android devices. The new resurgence of Mobility & Internet in India is creating massive opportunities in the online gaming space and we are very well geared to dominate that space with our strong foothold here’.
Rajan Mehra of Clearstone Venture Partners who has joined the board of Games2win said, ‘We’re really excited by the Gaming opportunity in India and the momentum built by Games2Win in the development and distribution of games that are globally competitive. We believe they are well positioned to break-out and become the #1 player in the Indian casual and social gaming space as this category hits hyper-growth’.
Ash Lilani of SVB India Capital Partners said, ‘We are delighted to increase our investment in Games2Win. The team has done a fantastic job in positioning the company as a differentiated global player in the casual and social gaming arena. We believe that Games2Win is poised to be a significant player in this segment’.
Games2win is based in Mumbai and has a 70 people team – all excited to be building games that consumers all over the world love to play!