SuperGaming Secures $15 Million Funding for Global Expansion

Gaming company SuperGaming has successfully secured $15 million in a Series B funding round, with contributions from existing investors Skycatcher and Steadview Capital. This funding round also saw participation from a16z’s Speedrun, Bandai Namco’s 021 Fund, Polygon Ventures, Neowiz, GFR Fund, IVC Japan, Loud.GG, and notable individual backers including Sandeep Nailwal, co-founder of Polygon.

Based in Pune, SuperGaming previously raised $5.5 million during its Series A round in August 2021. Following this latest round, the company claims to have exceeded the $100 million valuation milestone.

The company intends to use these funds to facilitate the international launch of its game Indus, starting in Latin America in collaboration with the Brazilian esports organisation Loud.GG. Additionally, the investment will support the enhancement of its game development and publishing infrastructure, as outlined in a press release from SuperGaming.

About SuperGaming’s Origins and Success

Founded in 2017 by industry visionaries Navneet Waraich, Sanket Nadhani, Avinash Pandey, Sreejit Jayanthan, and Roby John, SuperGaming is an Indian gaming powerhouse. The company has developed and published several mobile games, including MaskGun, Tower Conquest, and Silly Royale, collectively amassing over 200 million installs. Furthermore, SuperGaming operates a real-time multiplayer platform known as SuperPlatform.

Venturing into Web3 Gaming

In a significant step towards Web3 gaming, SuperGaming has formed a partnership with B3 GameChain, a gaming-centric Layer-3 blockchain built on the Base, which is the Ethereum Layer-2 network incubated by Coinbase. This collaboration allows SuperGaming to accommodate both Web2 and Web3 players across its diverse portfolio.

Market research indicates that the Indian gaming market is set to reach $9.2 billion in annual revenue by FY29, reflecting significant growth potential.

Silly Royale is now operational on SuperGaming’s custom Layer-3 chain powered by B3, featuring benefits such as asset continuity, interoperable progression, and digital ownership. For the fiscal year ending March 2024, the company reported a revenue of Rs 43.4 crore, along with a net profit of Rs 3.9 crore.