Funstop Games, a New-Delhi-based gaming studio has raised $5 million in its Series A funding round led by 360 ONE Asset. The round also saw participation from InfoEdge Ventures, which chose to double down on its initial investment in the company.
The funds will be used to enhance its game development capabilities, strengthen its advertising technology infrastructure, expand its portfolio of games, increase its presence in the casual gaming sector, and create new titles.
Prashanth Vijay, Co-Founder of Funstop Games, said, “With 360 ONE Asset on board, we are looking to expand aggressively across diverse gaming genres while doubling down on the enormous growth opportunity within India. Their support provides us with the tools and knowledge to rapidly scale and succeed in a competitive international market.”
Tamesh Sharma, Co-Founder of Funstop Games, said, “India’s gaming sector is poised for international recognition, and with this investment, we are better equipped to scale our operations and bring distinctly Indian narratives to a global audience. This funding allows us to expand our game portfolio, invest in technology, and further develop the ecosystem we’ve built around our titles.”
Chinmaya Sharma, Partner at InfoEdge Ventures, said, “Our decision to increase our stake in Funstop Games speaks volumes about our trust in the team and their capacity to deliver innovative, high-impact games. It’s also exciting to witness their growing popularity, not only within India but also among the Indian diaspora globally.”
Abhishek Nag, Fund Manager at 360 ONE Asset, said, “We strongly believe that Funstop is uniquely positioned to capitalize on the explosive growth of domestic gaming consumption. As one of the most vibrant and fast-evolving sectors in India, the gaming industry is set to experience tremendous growth in the coming decade, and Funstop is at the center of this evolution.”
Founded in 2020 by Prashanth Vijay and Tamesh Sharma, Funstop Games develops and publishes a range of titles that allow in-app purchases, enabling users to buy virtual goods and game-related content.
Funstop Games has been particularly successful in tapping into the spiritual gaming niche, with its Shri Ram Mandir Game reaching an impressive 25 million downloads. The game has helped establish a new category in the gaming industry, known as ‘spiritual gaming’.
To date, Funstop Games has earned $4 million in revenue, with over 100 million global downloads across its portfolio of more than 30 games. Popular titles such as Airport Rush and Perfect Time have contributed significantly to this milestone, collectively accounting for more than 75 million downloads.
The studio is also home to Vande Bharat Express and Perfect Time mobile games.
