 "Xiaomi founder’s Shunwei Capital invests $5 mn in Indian gaming startup")
Mobile gaming is yet to take off in India like it has in China. But investors from across the border clearly see the potential for it in the world’s second-largest smartphone market.
Shunwei Capital, founded by Xiaomi boss Lei Jun, today led a series An investment of US$5 million along with Accel Partners in Bangalore-based gaming startup Mech Mocha. Early investor Blume Ventures also participated in the round.
Monetisation has been hard so far in the Indian market with online consumers being reluctant spenders. But there’s been a surge in downloads of games, with India climbing to fifth globally in tandem with
