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Robosoft raises $12M from Ascent & Kalaari; 99Games & Global Delight to be independent companies

Software development company Robosoft has raised a Series B funding of ~$12 million from Ascent Capital and existing investor Kalaari Capital. Ascent led the round with ~$10 million while the rest came from Kalaari. Rohit Bhat, CEO and MD of Robosoft said that the funds will go towards scaling across segments, investment in products, user acquisition and expanding their offerings. Post this round, subsidiaries 99Games and Global Delight will become new companies, which need not depend on Robosoft for funding. Robosoft also plans to build near-shore capability in the US, Europe and Middle East and strengthen its enterprise mobility offering/practice. This makes sense for the company since most of its business comes from the US. In July 2013, the company had raised funding worth ~$4 million (Rs 22 crore) from Kalaari Capital. Then, the company had planned on using the funds to move towards a full service model, strengthen its operations in new markets and hire new sales, design, and engineering talent. In October last year, Robosoft hired Roger Davies as the Vice President and General Manager of its Games and Entertainment division based out of London. In 2007, Robosoft setup its own app subsidiary called Global Delight, through which it offers iOS and Mac apps. Global Delight will use the funds to expanding their Android platform, user acquisition and product refinement. In the following year, Robosoft setup mobile games subsidiary 99Games, through which it offered games for iPhone, iPad and Android. 99Games focuses on building games through licensed IPs…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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