Tamasha raises $3 million in funding led by Chiratae Ventures
Tamasha, the largest social gaming app in India has raised $3 million (22.5 Crores) in Pre-Series A funding led by Chiratae Ventures. The round also saw participation from prominent global venture capitalist and angels investors like Incubate Fund India, 9Unicorns, Good Capital, Founderbank Capital, FirstCheque, PointOne Capital, Ice.vc, Nitish Mittersain (Founder Nazara Games), Siddharth Jain (Founder PlaySimple), Navkiran Singh (Founder, Baazi Games), Harsh Shah (Co-Founder Fynd) and Ramakant Sharma (Co-Founder, Livespace).
Launched in April 2020, Tamasha is building the gaming metaverse, where creators can engage communities through live social games and instantly monetise their engagement. While game developers can utilise the creator ecosystem to develop and publish community driven games for masses. The platform was founded by IIT Bombay graduates Saurabh Gupta and Siddharth Swarnkar. The platform has grown 30X in the last 6 months with more than 2Million+ gameplays on the platform
Sharing the vision Saurabh Gupta, CEO & Co-founder, Tamasha said, “We humans always crave connection, community and engagement. At Tamasha, we are working towards building the future of social interactions, a virtual space where people can create meaningful relationships through live social games. We are deeply grateful to have such a stellar set of investors back us up on our mission.”
Siddharth Swarnkar, CPO & Co-founder, Tamasha further added, “At Tamasha we are building the Social 2.0 layer over games. Allowing communities to play, engage and generate value for everyone through elements like immersive audio, virtual gifting and giveaways.”
, Partner at Chiratae Ventures who has led gaming investments (notable being PlaySimple, which recently was acquired by MTG) for the firm said “Tamasha is empowering creators with an ability to monetize their talent in engaging communities through games. Although there are nearly 100 m creators in India, most of them are streamers on social platforms. The broader creator economy in India is still very nascent and Tamasha is building a niche for a wide base of creators to unlock value while engaging communities.”
The new capital will be used to accelerate product development, expand game offerings, scale the creator ecosystem, and strengthen the team with high-quality talent. In addition, the platform aims to onboard a large network of vernacular content creators to create various gaming communities.
In November 2020, Tamasha raised a seed funding of Rs 2.5 crores from 9Unicorns, Titan Capital ( Led by Snapdeal founders Kunal Bahl & Rohit Bansal, First Cheque & Point One Capital along with some of the leading angels like Ramakant Sharma (Co-Founder, Livespace), Maninder Gulati (Chief Global Strategy Officer, OYO), Harsh Shah (Co-Founder, Fynd) and Nitesh Damani( MD, Damani group), among others.