The so-called Fund II follows Lumikais first fund that raised $40 million in 2020, a year after its inception. It has backed startups like Loco, Elo Elo, and Bombay Play previously.
The venture capital fund is also inviting domestic rupee capital by setting up a dedicated $10 million alternative investment fund for Indian limited partners.
It just doesnt seem to end for Byjus. As if loan defaults, losses, layoffs and other setbacks werent enough, three key board members of the edtech major, as also the companys statutory auditor, resigned on Thursday.
Early-stage gaming-focused venture capital firm Lumikai, which has backed startups like All Star Games, Loco, Crater, Eloelo, Studio Sirah, Bombay Play and CloudFeather Games, has ..
Lumikai Doubles Down on India's Gaming Boom with $50M Fund II: AUM Hits $100M Milestone timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.