Lumikai, Others Invest $2 Mn In QuriousBit


QuriousBit, a casual puzzle gaming studio co-founded by Ramakrishna Reddy Y L and Shubham Joshi, former core team members of PlaySimple, has recently secured USD 2 million in its initial funding round.

Lumikai, a VC fund in India specialising in gaming and interactive media, took the lead in this investment round, with General Catalyst joining as co-investors.

The company aims to utilise the funds from this seed round to create a new benchmark in innovative puzzle games built in India for global audiences. The founders will be investing heavily in curating a stellar team to build a high-quality casual mobile gaming studio, it said in a statement.

Salone Sehgal, Founding General Partner, Lumikai, stated, “A fresh and innovative approach both in game design and distribution is imperative to achieve category leading success in the highly competitive global casual gaming market given current market conditions. Ram and Shubham’s deep thinking, category expertise, and design orientation deeply impressed us. We are excited to be on the QuriousBit journey with them.”

Prior to establishing QuriousBit, Reddy held the position of Assistant General Manager at PlaySimple Games, a global leader in word games, which was acquired by MTG for over USD 500 million in 2021. Meanwhile, Joshi served as the Principal Software Engineer at PlaySimple Games.

Ramakrishna Reddy Y L, Founder, QuriousBit, said “We see a huge opportunity in casual puzzle games beyond match-3 and blast genres. We believe some of these genres are ripe to disrupt with innovative core gameplay mechanics and deeper narratives. Our aim is to build a world class gaming studio based out of India, entertaining global audiences. Lumikai and General Catalyst partnering with us in this journey positions us well to achieve it.”

Categories: Other News

Tags: , ,

Leave a ReplyCancel reply