SuperGaming raises $15 Mn led by Skycatcher and Steadview

Gaming company SuperGaming has raised $15 million in a Series B funding round led by existing investors Skycatcher and Steadview Capital. The round also witnessed participation from a16z’s Speedrun, Bandai Namco’s 021 Fund, Polygon Ventures, Neowiz, GFR Fund, IVC Japan, Loud.GG, and individual backers like Polygon cofounder Sandeep Nailwal.

The Pune-based company had previously raised $5.5 million in Series A round in August 2021. It also claims to have surpassed the $100 million valuation mark after its latest round.

The proceeds will be utilized to support the international rollout of Indus, starting with Latin America in partnership with Brazilian esports organisation Loud.GG, and to scale up its game development and publishing infrastructure, SuperGaming said in a press release.

SuperGaming, founded in 2017 by Navneet Waraich, Sanket Nadhani, Avinash Pandey, Sreejit Jayanthan, and Roby John, is a gaming company based in India. It develops and publishes mobile games such as MaskGun, Tower Conquest, and Silly Royale, with a total of over 200 million installs. The company also runs a real-time multiplayer platform named SuperPlatform.

As part of its push into Web3 gaming, SuperGaming has partnered with B3 GameChain, a gaming-focused Layer-3 blockchain built on Base, the Ethereum Layer-2 network incubated by Coinbase. The integration enables the company to support both Web2 and Web3 players across its portfolio.

As per market research, the Indian gaming market is projected to reach $9.2 billion in annual revenue by FY29.

Silly Royale is now live on SuperGaming’s own Layer-3 chain powered by B3, offering features such as asset continuity, interoperable progression, and digital ownership. The company has reported a revenue of Rs 43.4 crore for the fiscal year ended March 2024, with a net profit of Rs 3.9 crore.