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Lumikai s second games fund will pour $50m into Indian developers

Lumikai s second games fund will pour $50m into Indian developers
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Gaming VC Firm Lumikai Launches $50 Mn Fund, Eyes Investment In 18-20 Startups

Gaming-focused venture capital firm Lumikai has announced the launch of its second fund with a total corpus of $50 Mn.

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56% of India s gamers are from non-metros; women spend more time than men on online games

Online gaming is one of the fastest-growing segments of India’s media and entertainment industry, with millions of new, young gamers and ‘desi’ game studios jointly growing the ecosystem.

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Indian gamers splurge on in-app purchases

Nearly two-thirds (64%) of paid gamers in India spend their money on in-app purchases while 57% spend on gaming subscriptions on consoles and other platforms, according to a consumer survey.

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Indian Gaming Startups Stay Cautiously Optimistic About 2023

According to Inc42 data, gaming startups raised $349 Mn in 2022, which was 80% lower than the capital inflow of $1.74 Bn in the previous year

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