The startup plans to utilise the brand new capital to develop AAA video games in India and can initially give attention to cellular gaming earlier than increasing to different platforms, together with consoles.
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AAA video games are characterised by excessive budgets, top-quality graphics which might be developed and revealed by main gaming firms or studios. That includes superior gameplay mechanics, intensive content material, and vital advertising and marketing campaigns, they’re often launched on a number of platforms akin to private computer systems, consoles like PlayStation, Xbox and generally cellular units.
Examples of AAA video games embrace in style franchises like Grand Theft Auto, The Witcher, Murderer’s Creed, and Name of Obligation.
LightFury, cofounded by Shroff, Anurag Banerjee, who additionally serves as its chief product and expertise officer, and Tina Balachandran, beforehand senior vp at Unacademy, goals to ascertain recreation studios in India and the UK whereas recruiting high expertise.
“Creating profitable AAA titles within the Indian market and set up a Tencent-like presence originating from India is what we’re excited to convey to the fore,” Shroff stated in a press release. “It will necessitate constructing the best experience and leveraging state-of-the-art technological improvements to make sure top-tier gameplay high quality.”
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LightFury Video games was formally launched by Shroff on April 10 by way of LinkedIn.Whereas India has seen the rise of gaming unicorns like Dream11, Cellular Premier League (MPL), and Video games 24×7, it has but to provide a homegrown AAA recreation. Nonetheless, efforts are being made on this course, such because the beta launch of Underworld Gang Wars by MPL’s cellular gaming growth arm Mayhem Studios, and the beta launch of Indus Battle Royale by Pune-based gaming studio SuperGaming.
“The power to piece collectively the expertise and herald believers from the gaming and client universe make it one of the thrilling investments we’ve made on this area,” stated Karthik Reddy, cofounder and managing companion of Blume Ventures.
ET on March 24 reported that India is now the most important gaming market on the planet, boasting a person base of 568 million avid gamers and over 9.5 billion gaming app downloads in 2023. It contributes roughly 20% of the world’s complete cellular recreation downloads, surpassing the mixed obtain totals of america and Brazil.
