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Rolocule Games Raises Funding From Mumbai Angels & Blume Ventures

Game development studio Rolocule Games has raised an undisclosed amount of funding from Mumbai Angels, Blume Ventures and other angel investors, reports YourStory.in. As part of the deal, Ajeet Khurana from Mumbai Angels will be joining the company’s board. The company intends to use the funds raised for product development, scale up its operations, and hiring.

Founded in 2010, Pune-based Rolocule Games specializes in developing console-like games for tablets and smartphones. Among the titles currently offered include iPhone games like Flick TennisTouch Squash, Super Badminton 2010, and iPad games like Flick Tennis: College Wars HD and Super Badminton 2010 HD. The company had previously raised seed funding from Centre of Innovation Incubation and Entrepreneurship (CIIE) based at IIM Ahmedabad and employs around 7 people currently.

The company claims to have recorded more than 1.5 million downloads in more than 100 countries and now plans to launch Android games and social games and adopt a freemium model for its games in the forthcoming months. While there is no information if these games will be ad-supported, Anuj Tandon, co-founder of Rolocule games stated that they plan to introduce in-app purchases to offer virtual goods.

Other developments in Gaming: In March 2012, Nirvana Venture Advisors had acquired 10% in Games2Win from early investors like Nexus India, ICICI Ventures and from a few senior company employees and in March 2011, Games2Win had raised $6 million from Clearstone Venture Partners and Silicon Valley Bank. Online gaming startup Gamiana had raised an undisclosed amount of series A funding from the Indian Angel Network in February 2012.

Last week, Reliance ADAG owned, Reliance Home Video and Games had partnered with the Japanese game developer Namco Bandai to distribute and promote its movie based games in India. Reliance Home Video had claimed to be the exclusive licensee to Warner Bros, Paramount Studios, Universal Studios and Dreamworks for all their new and catalogue films and the partnership’s first game Madagascar 3 – Europe’s Most Wanted, based on the movie with the same name, was expected to be launched on PS3 and Xbox 360 gaming platforms around the movie’s release date in India. Before this, Gameloft had partnered with Mediatek to support gaming applications on MediaTek’s feature and smartphone platforms and MoMagic had tied up with Indiagames to develop games based on MediaTek’s MRE (Maui Runtime Environment) platform.

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Nazara had extended its exclusive partnership with Electronic Arts (EA) to the Middle East region and mobile application based community network, Mig33, had launched a developer program for creating social games on the platform and had claimed that the platform has around 300,000 active gamers.

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