Indian mobile game developer Moonfrog Labs bags 15 mln dollar funding from Tiger and Sequoia

Indian startup, Moonfrog Labs, that makes mobile games for players in India, has raised funds worth 15 million dollars from Tiger Global and returning investor Sequoia Capital.

The Bangalore-based company's co-founder Tanay Tayal said that the fresh funds will be used for hiring and to develop games in new genres, including action, strategy, and role-playing, reported Tech Crunch.

Moonfrog Labs also intends to grow its technology platform, including its backend system and data analytics, and purse strategic distribution agreements.

The deal brings the amount of total funds raised by the startup to 16 million dollars. It previously grabbed a one million seed round from Sequoia.

The company was founded in 2013 by a team of developers who previously worked for Zynga on titles including Mafia Wars, Bubble Safari, Castleville, and Empires and Allies.

Moonfrog Labs' most popular game is "Teen Patti Gold," which has been downloaded more than two million times and is rated as one of the top five highest-grossing Android and iOS games in India.