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Mobile game developer Moonfrog Labs raises $15 million from Tiger Global and Sequoia Capital

Bangalore-based startup Moonfrog Labs has raised $15 million in a Series A round of funding from Tiger Global and existing investor Sequoia Capital, reports Techcrunch. The startup had previously raised $1 million in a seed round from Sequoia. Moonfrog Labs will use the funds to hire and develop games in different genres including strategy, action and roleplaying. The startup also plans to grow its technology platform including data analytics and backend systems and sign strategic distribution agreements using the funds. It mentions that it will release new titles over the next two years and is building a platform for multiplayer games. Currently, Moonfrog offers four Android games, two of which are Bingo club games, a 3 Patti Slots game and Teen Patti Gold. The company claims that Teen Patti Gold is its most popular game with over two million downloads, while the other games have seen over 50,000 downloads each. Its not very clear as to why Moonfrog offers two variants of the same game, both seem similar in the features they offer and the systems they support. Teen Patti Gold and Bingo club are available as iPhone and iPad apps as well. According to Moonfrog, it designs its games to use less bandwidth and battery power to allow them to run even on the cheapest smartphones keeping in mind its audience in India. The company also holds promotional events during holidays and events, for example, it mentions it allowed players to throw (virtual) dye and paint at each other across…

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