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GAME DEVELOPMENT STUDIO- FIRESCORE RECEIVED FUNDING FROM CRAZY LABS

The Game Development Company Firescore received funding of $500,000 (Rs 3.73 crore) in a funding round led by Israel’s multinational studio and publisher CrazyLabs.

FireScore is based in Mumbai and is founded by Surojit Roy https://www.linkedin.com/in/surojit-roy-5b630137/ and Karan Khairajani https://www.linkedin.com/in/karan-khairajani/ in 2018.

The main idea behind opening up a hub in Mumbai is that most of the Indian Studios have to struggle for gaining paucity of funds and product development time.

“Working fast and testing ideas early in the development process is critical to pursuing a hyper-casual strategy, and we’re looking to support studios who can fit into this fast-paced environment,” said Surojit Roy, co-founder of firescore.

The operating officer of Crazy Labs Tomer showed interest in setting up the hub in Mumbai. According to him, Mumbai is the perfect location to launch the first CrazyHub

Firescore develops game for the mass market and games based on the casual and hyper-casual mobile segment. Their latest game Soap Cutting was the no.1 ranked overall app on iOS and Google Play in USA, Canada, UK etc.

Crazy Labs is based in Israel and it conducts research, develops and distributes products. The business of Crazy Labs is spread with offices in  China, Bulgaria, Macedonia and Germany.

This is not the first time that both firms are working together. Earlier, it has together worked on Soap Cutting, a hyper-casual title that has been downloaded over 50 million times on mobile application stores.

The funding raised by Crazy Labs of about 3.75 crores will be primarily used to set up a hyper-casual gaming hub for local and global game studios in India. All the studios that will partner with Crazy hub will be operated by the company and will provide with all the tools and services.

Other deals in the gaming sector of India

With all the rapid advancement of technology in the 21st century, the gaming industry is attracting a lot of players and investors to invest in it. The funding raised by Firescore led by Israel-based Crazy lab is one such recent example of it.

At the beginning of July, JetSynthesys Pvt Ltd – digital content, gaming and technology format received approx $40million from the family offices of Serum Institute of India CEO Adar Poonawalla and Infosys co-founder Kris Gopalakrishnan for the development of new games.

At the beginning of 2020, in January streaming platform e-sport gained around $2million in a seed funding from a bunch of investors- Lightspeed Venture Partners and Sequoia’s Surge

2019 witnessed casual social gaming startup SuperGaming receiving $1.3 million in a seed funding round from Tokyo-based Dream Incubator and other investors in November and Nazara Technologies gained a decent amount of stakes in  Delhi-based SportsUnity Pvt. Ltd, a gaming platform that operates online multiplayer quiz service Qunami.