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IndiGG secures $6 mn in funding to foster play-to-earn movement in India

The funds, including an additional $1 mn pre-seed led by YGG, will be utilised by IndiGG to focus on several key areas to fuel platform growth and onboard Indian gamers

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BS Reporter Mumbai
IndiGG, the India subDAO (decemtralised autonomous organisation) of Yield Guild Games (YGG), has secured $6 million in funding to foster the play-to earn movement in India. The round saw  participation from Sequoia Capital India, Lightspeed Venture Partners, Jump Capital, Variant Fund, Dune Ventures, Griffin Gaming Partners, Transcend Fund, Animoca Brands, Play Ventures, Backed and Sfermion, IVC, Emfarsis and others.

Angels included Reddit Co-founder Alexis Ohanian, Alan Howard co-founder of Brevan Howard Asset Management and executives from the Indian gaming and entertainment industry, including Hungama, Nazara, WinZo, Hindustan Talkies and Mobile Premier League (MPL).

The funds, including an additional $1 million
Topics : IndiG

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First Published: Jan 19 2022 | 1:06 PM IST

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