Blacklight Studio Works Pvt. Ltd, which operates Noida-based gaming startup Blacklight Games, has made headlines by securing an undisclosed value in its maiden institutional funding round.
The funding round was led by Noida-based investment firm Udyat Ventures and saw participation from Kratos Studios (brainchild of former CEO of Nazara Technologies Manish Agrawal). Dexter Ventures and Polygon Ventures moreover participated in the funding round.
As per the startup, the freshly raised funds will be used to expand into new markets. The gaming startup moreover plans to use the wanted for hiring and investing in strained intelligence and machine learning to enhance player wits through personalization.
Blacklight Games | 200 million Downloads
Co-founded by Anupam Srivastava and Shruti Sarraf in 2011, Blacklight Games is the creator of the popular computer game Ludo Superstar. As per the startup, it has over 200 million downloads wideness three game titles, with its flagship game, Ludo SuperStar, stuff one of the most downloaded Ludo titles.
Speaking well-nigh the development, Shruti Sarraf, Co-founder of Blacklight Games, said,
“From the very start, our aim has been to establish a global trademark for archetype games. The global stage holds potential as billions of smartphone users is each a potential gamer.”
Shruti Sarraf and Anupam Srivastav, BlackLight Games co-founders
Statement from the Investors
Commenting on the development, Rahul Gupta, managing partner at Udyat Ventures, said,
“Anupam and Shruti have built Blacklight grounds up, and we are looking forward to towers an international gaming studio trademark from India.”
Udyat Ventures is the family office of Harsh Gupta, who is currently the Managing Director of Udyat Group. In 2022, the firm participated in the $600,000 seed funding round of Pune-based IoT startup ThingsUp.
Devendra Agrawal from Dexter Wanted highlighted Shruti and Anupam’s growth as an entrepreneur who, without any single rupee of external capital, built Blacklight to be among the top 10 gaming publishers in India with a cumulative download of 200 mn .
Manish Agarwal, Co-founder of Kratos Studios, talked well-nigh Shruti and Anupam’s data-driven mindset and work values as they went well-nigh towers Blacklight Games fully bootstrapped. And he believes that the funding round would enable the startup to scale to global markets, leveraging the solid foundation they have built thus far.
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