Skip to main content

*Lumikai launches India’s first Gaming & Interactive VC fund*

New sector-focused lighthouse VC will fund up to 20 early-stage investments with cheque sizes between $200K to $2M



 


India: August 17th, 2020: Lumikai (India’s first venture fund focused 100% on gaming & interactive media) today announced a new early stage venture capital fund focused on India’s fast-growing gaming and interactive markets. The fund is backed by a global investor base, including iconic gaming and technology companies from Japan, Finland, US, and South Korea, deploying long-term capital into India’s interactive entertainment market for the first time.


 


Lumikai fund is built to supercharge the new generation of India’s leading founders across interactive content, technology, tools and infrastructure – Made in India, for 300M+ domestic gamers and global audiences. 


 


Lumikai was founded by General Partners Justin Shriram Keeling (Comcast-G4, Managing Director at Fox Interactive Media, Corporate Strategy Head at Disney UTV Games) and Salone Sehgal (London Venture Partners (LVP), Games entrepreneur, former M&A banker from Morgan Stanley & Barclays) Together they leverage 40 years of combined operational experience, global networks, industry insights and investment experience to lead Lumikai as India’s first thesis-driven gaming and interactive entertainment fund. 


 


“India’s 300M+ user gaming market represent a global inflection point, a unique opportunity enabled by multiple stars aligning. A billion young, entertainment hungry users now have access to the world’s cheapest data and frictionless national mobile payments – we also have arguably the deepest bench of raw creative and technical talent in the world” commented Justin Shriram Keeling, Lumikai General Partner. “As India’s first dedicated long-term capital and strategic partner for the gaming ecosystem, Lumikai’s vision is to help enable a new golden age for India’s ambitious founders that also drives interactive sector innovation worldwide.”


 


“Traditionally, global finance eschewed the games industry viewing it as a hit driven business. In India too, games creators have been underfinanced. However, we deeply believe in the portfolio approach of building early winners across genres to deliver outsized returns.” commented Salone Sehgal, Lumikai General Partner. “Investing In interactive media is highly nuanced and requires specialist insights. Our approach goes far beyond capital. We know success in gaming requires local insights, knowledge of global best practices, rapid iteration, access to high quality talent and relevant strategic access for distribution and go-to-market. Our domestic and global networks, along with the input of our global LP base provide essential advantages to break out in India and the world.” 


 


Lumikai has been actively sourcing deals in stealth mode with over 140 interactive founders already met in H1 2020. With first close recently completed, the fund plans to announce its first wave of investments in Q3. 


 


 


About: Lumikai is India's first early stage venture capital fund focused on the gaming and interactive entertainment landscape. Lumikai combines the Latin word for ‘light' with the Japanese word for ‘tribe'. Backed by a global investor base, including some of the world's most iconic games and media companies Lumikai seeks to finance and support a tribe of pioneering, lighthouse founders building the next wave of India’s gaming, digital entertainment & media companies. The fund invests at the early pre-seed/seed stage with allocation for few Series A bets. Combined with decades of operational knowledge, investment experience and an all-star strategic network in games and new media, Lumikai partners closely with founders to give them an unbeatable edge.


Popular posts from this blog

छतरपुर जिला चिकित्सालय को मिलेअत्याधुनिक जांच उपकरण एस्सेल माइनिंग द्वारा सी-आर्म, रक्त जांच एवं अन्य उपकरण दान

 छतरपुर की स्वास्थ्य अधोसंरचना को मजबूत बनाने के ध्येय को आगे बढ़ाते हुए एस्सेल माइनिंग द्वारा शुक्रवार को छतरपुर जिला चिकित्सालय में अत्याधुनिक सी-आर्म इमेजिंग डिवाइस, हाई फ़्लो नैज़ल कैनुला समेत त्वरित रक्त जांच उपकरण एवं मोरचुरी फ्रीजर भेंट किया गया।  जिला कलेक्टर श्री संदीप जी आर ने फीता काटकर नई सुविधाओं का शुभारंभ किया। इस अवसर पर मुख्य चिकित्सा एवं स्वास्थ्य अधिकारी डॉ विजय पथोरिया एवं अस्पताल के अन्य अधिकारी-कर्मचारी उपस्थित रहे। नए उपकरणों के साथ छतरपुर जिला चिकित्सालय के सुविधाओं में वृद्धि होने के साथ ही हजारों नागरिकों को नई जाँचों का लाभ मिल सकेगा और त्वरित जांच प्राप्त हो सकेगी।कलेक्टर श्री श्री संदीप जी आर द्वारा इस अवसर पर अस्पताल परिसर में पौधा रोपण भी किया गया।  एस्सेल माइनिंग द्वारा लगातार छतरपुर जिले की स्वास्थ्य सेवाओं को उन्नत बनाने में सतत योगदान दिया जा रहा है। पूर्व में गुरुवार को कंपनी द्वारा बक्सवाहा के सामुदायिक स्वास्थ्य केंद्र को बड़ा मलहरा विधायक श्री प्रद्युम्न सिंह लोधी की उपस्थिति में एडवांस्ड लाइफ सपोर्ट एम्बुलेंस भेंट की गई। वेंटीलेटर जैसी सुविधाओं के सा

*Reusable pads essential to make menstrual hygiene sustainable for all women and girls*

 If every woman and girl of menstruating age in India used disposable pads, 38,500,000,000 used pads would be discarded every month – an environmental disaster since each of these would take 500-800 years to degrade naturally XXX / May 26, 2021: Considering the immense non-biodegradable waste generated by disposable sanitary pads every month, sustainable menstrual hygiene in India can be achieved only with reusable pads made of organic material, said Anju Bist, Co-Director, Amrita SeRVe (Self Reliant Village) Program of Mata Amritanandamayi Math. Known as the “Pad Woman” of India for her zeal in promoting the use and reuse of sanitary pads made of cloth and banana fibre, she is the co-creator of Saukhyam Reusable Pads which have been awarded as the "Most Innovative Product" by the National Institute of Rural Development, Hyderabad. The pads were also lauded at the UN Climate Change Conference held in Poland in 2018. Said Anju Bist: “There are 355 million menstruating women an

*GLENEAGLES GLOBAL HEALTH CITY PERFORMS WORLD’S SECOND SUCCESSFUL PEDIATRIC COMBINED LIVING DONOR LIVER AND KIDNEY TRANSPLANT FOR A RARE GENETIC LIVER DISORDER*

 12-year-old boy with rare liver disease undergoes successful multi-organ transplant making him the 2nd case in the world and 1st in the country Chennai, 7th December, 2021: Gleneagles Global Health City (GGHC), a leading multi-organ transplant centre in Asia, successfully performed India’s first live donor liver and kidney transplant on a 12-year-old who was suffering from a rare genetic disorder – Primary Hyperoxaluria type 2. Master Anish*, a 12-year-old, was referred from Bangalore with renal failure and had been on dialysis three times a week. Doctors in Bangalore had diagnosed him with a rare genetic disorder called Primary Hyperoxaluria (PH) type- II, which is a liver condition that results in accumulation of oxalate in the kidneys, heart and bones and other organ systems of the body. As the disease is primarily based in the liver, these patients need combined liver and kidney transplantation for cure which is a major undertaking, especially in a child.  Across the world, there