SuperGaming, India’s game development studio, has raised $15 million in its Series B funding round. Separately, Chennai-based developer DRA Group has partnered with the Balajadia family of the Philippines to launch a $100 million(Rs 870 crore) real estate platform.
SuperGaming raises $15m in Series B funding
SuperGaming, India’s game development studio, has raised $15 million in its Series B funding round.
The round was led by Skycatcher, Steadview Capital, with support from global strategic investors such as a16z Speedrun, Bandai Namco 021 Fund, and Neowiz, as well as notable Web3 Investors including Polygon Ventures, the firm said.
The round follows SuperGaming’s $5.5-million Series A round in October 2021 and includes both the latest funding commitments and prior investments from returning backers.
The funding will support the global expansion of its flagship game Indus Battle Royale, starting with Latin America, and scale its proprietary game engine and live ops platform, SuperPlatform.
DRA Group, Balajadia family launch $100m real estate platform
Chennai-based developer DRA Group has partnered with the Balajadia family of the Philippines to launch a $100-million(Rs 870 crore) real estate platform, with an eye on yield-generating office and retail assets across South India, the Economic Times reported.
The 50:50 equity platform will initially focus on Grade A commercial and retail developments in Chennai and Bengaluru, with the first project—a 60,000 sq ft retail development on Chennai’s OMR corridor—already underway at an investment of $10 million. Another upcoming project is a commercial project in Chennai spread over 1.6 acres.
The platform has set a medium-term development target of over 1 million sq ft, with assets ranging from core CBD plots to suburban growth locations. The portfolio will comprise 70% commercial and 30% retail assets across Chennai and Bangalore.
