Gaming Startup Mech Mocha Raises $10 million in Series B Round
A mobile gaming startup known as Mech Mocha Game Studios which is based in Bengaluru has raised a sum of $10 million (Rs 71 crore) as a part of its ongoing Series B funding round.
With this, the company is expecting to raise around $5-6 million for the first close from new and existing investors, Arpita Kapoor. She is the co-founder and chief executive of the venture.
“We will be closing the targeted sum soon,” Arpita Kapoor said.
South Korea-based Neoplux, the private equity and venture capital arm of Doosan Corp, and Akatsuki, the investment arm of Japanese mobile gaming company are the new investors in this round.
Along with this, Accel Partners, Shunwei Capital and Blume Ventures will also participate in the funding round.
The company is planning to use these funds to de...