Games2Win secures $6 million in Series B funding

Games2Win secures $6 million in Series B funding

Author | exchange4media News Service | Wednesday, Mar 30,2011 8:52 AM

Games2Win secures $6 million in Series B funding

Online games company Games2Win has announced a Series B investment round, raising $6 million in funds from Clearstone Venture Partners and Silicon Valley Bank. The company, which was founded by Alok Kejriwal and Mahesh Khambadkone in 2007, has created a library of over 400 original casual games, reaching over 20 million users every month, according to comScore data.

Alok Kejriwal, CEO, Games2Win, said, “Games2Win owns one of the largest collections of casual and ‘snacky’ games in the world, and we intend to aggressively capitalise 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 and 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 No. 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.”


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