Hitwicket, a Hyderabad-based cricket gaming startup, announced new funding of $3 million (approximately Rs 24 crore) from venture capital firm Prime Venture Partners on Thursday.
The company intends to use the additional funds to expand its multiplayer access features, allowing gamers to strategize in real-time and compete against one another. In conjunction with the fundraising, it has also released a multiplayer cricket strategy game called Hitwicket Superstars.
Hitwicket, a cricket gaming app founded in 2015 by Keerti Singh and Kashyap Reddy, is designed for users to plan their strategy in order to win rather than a swipe-action. According to the startup, on its platform, players play on every ball and score accordingly.
Hitwicket has over three million users from over 100 countries, with more than 30% coming from outside India and from over 200 Indian cities.
Prime Venture Partners, founded in 2012, is an early-stage firm with an Indian advisory office led by Shripati Acharya, Sanjay Swamy, Bala Parthasarathy, and Amit Somani. It was renamed Prime Venture Partners in 2015 after being known as AngelPrime.
Prime Venture Partners raised $8 million in its first fund in Mauritius in 2012. The early-stage investor closed its second fund for $46 million in 2016, and its third fund for $72 million in 2018.
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