Social game appraised $ 3 million (Rs 22.5 crore) in pre-series A funding led by Chirata Ventures. The cycle also saw the participation of leading global venture capitalists and angel investors such as Incubate Fund India, 9Unicorns, Good Capital, Founderbank Capital, FirstCheque, PointOne Capital, Ice.vc, Mittersain Nitish (Founder, ), Siddharth Jain (Founder, ), Navkiran Singh (Founder, ), Hard Shah (Co-founder, ), and Ramakant sharma (Co-founder, ).
Launched in April 2020, Tamasha builds the gaming metaverse, where creators can engage communities through live social games and instantly monetize their engagement. While game developers can use the creator ecosystem to develop and publish community games for the masses. The platform was founded by graduates of IIT Bombay Saurabh Gupta and Siddharth Swarnkar. It has grown 30-fold in the past six months, with over two million games on the platform.
Share the vision Saurabh Gupta, CEO and Co-Founder, Tamasha noted,
“We humans always yearn for connection, community and engagement. At Tamasha, we work to build the future of social interactions, a virtual space where people can build meaningful relationships through live social games. We are deeply grateful to have such a stellar set of investors to support us on our mission. ”
Siddharth Swarnkar, CPO and co-founder, Tamasha added in addition,
“At Tamasha, we are building the Social 2.0 layer on games. Enabling communities to play, engage and generate value for everyone through things like immersive audio, virtual giveaways, and giveaways.
The new capital will be used to accelerate product development, expand game offerings, evolve the creator ecosystem and strengthen the team with high quality talent. In addition, the platform aims to integrate a large network of vernacular content creators to create diverse gaming communities.
Karthik Prabhakar, partner at Chiratae Ventures, who led the games investments (most notably PlaySimple, which was recently acquired by MTG) for the company said:
“Tamasha enables creators to monetize their talent by engaging communities through games. Although there are nearly 100 million creators in India, most of them are streamers on social platforms. The wider designer economy in India is still very nascent and Tamasha is creating a niche for a large designer base to unleash value while engaging communities.
In November 2020, Tamasha raised a start-up funding of Rs 2.5 crore of 9Licornes, Titan Capital (led byfounders Kunal Bahl and Rohit Bansal, First Check and Point One Capital as well as some of the main angels like Ramakant sharma (Co-founder, Livespace), Mander gulati (Director of Global Strategy, ), Hard Shah (Co-founder, Fynd), and Nitesh Damani (MD, Damani group), among others.