Mobile Game Development Startup LILA Games Raises $10 Million in Series A The Bengaluru-based company will use the investment to develop its first title and to further build out its India team

By S Shanthi

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Unsplash

LILA Games, a F2P mobile game studio, announced a $10 million Series A financing round. The round was led by Rainfall and included participation from BITKRAFT Ventures, Galaxy Interactive, Sequoia Capital, and KRAFTON, Inc. Angel investors including Ryan Wyatt, CEO of Polygon Studios, Tanay Tayal, Co-founder and CEO of Moonfrog Labs, and Thomas Vu, producer of Arcane: League of Legends also participated in the round.

The Bengaluru-based startup will use the investment to develop its first title and to further build out its India team. LILA Games was founded by Joseph Kim, former Chief Product Officer at SEGA and Studio Lead at FunPlus; Paul Leydon, former lead game designer at FunPlus and MZ, and Avinash Pandey, previous Co-Founder of JUNE Gaming & Ycombinator Alumni. The tam has previously launched mobile game titles such as King of Avalon and Game of War.

"LILA Games aspires to build a different kind of organization with a culture that enables learning, focuses as much on organizational improvement as well as product improvement, and provides equal opportunities. We strongly believe that the emergence of India as an upcoming global leader in gaming, and its potential to develop best-in-class talent in the F2P gaming industry will give us long-term structural advantage," said Joseph Kim, CEO, LILA Games.

"Very rarely have I seen a team that is so obsessed with building a company around a vision with culture first and a level of executional excellence that stands best in class. Our confidence in LILA Games' vision is unchanged but our confidence in the team has only been growing ever since we led the Seed Round early last year. LILA's first game "BLACK' will redefine the mobile shooter genre, which I can say with certainty and excitement while I witness the game coming together," added Jens Hilgers, founding general partner, BITKRAFT Ventures.
S Shanthi

Former Senior Assistant Editor

Shanthi specializes in writing sector-specific trends, interviews and startup profiles. She has worked as a feature writer for over a decade in several print and digital media companies. 

 

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Starting a Business

How to Develop the Mindset for a Billion-Dollar Success, According to Raising Cane's Founder

Todd Graves was turned down by every bank in town when he started. Here, he sits down to share his mentality on success, leadership and building a billion-dollar brand.

By Jason Feifer
Data & Recovery

We Found Four of the Top Alternatives to Dropbox That Don't Have Monthly Subscription Fees

All last for life, and not one of them is more than $200.

By BIZ Experiences Store
News and Trends

Reliance Retail Launches FMCG Brand 'Independence' In Gujarat

Independence includes diverse categories such as staples, processed foods, beverages, among other daily essentials

By Shrabona Ghosh
Business News

Here Are the 10 Jobs AI Is Most Likely to Automate, According to a Microsoft Study

These careers are most likely to be affected by generative AI, based on data from 200,000 conversations with Microsoft's Copilot chatbot.

By Sherin Shibu
Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

By Amanda Breen